Select Page

MVA fund warns against reckless driving

MVA fund warns against reckless driving

It is the dawn of re-opening of the schools after the school break and a surge of vehicles is expected on our roads as learners and teachers return home from the holidays and to school for the last academic term.

This will expose such learners and teachers to an imminent risk of road crashes and resultant injury and fatality.

The MVA fund urged parents and guardians to safeguard their children on the road so as to ensure that the children arrive safely at home and school hostels, and are able to complete the school year without the occurrence of unfortunate death or hindrance of injuries sustained in a motor vehicle crash.

According to the MVA Fund Call Centre, children under 15 years of age represented 6% of total injuries and 11% of total fatalities during 2016. Children in this age group are in most cases vulnerable to pedestrian-related crashes which accounted for 26% injuries and 50% fatalities in the same year. The majority of the children under the age of 15 years who lost their lives in road crashes were passengers (48%).

Another age group of concern is that of young people between 16 and 35 years as the majority of those that died during the year 2016 were in this age group (44%), representing a vibrant and young group of society who are in the prime of their lives.

They made up for nearly half (3,280; 48%) of all persons injured in crashes during the same year while fatalities for this critical age group consisted of passengers (50%), drivers (24%), pedestrians (22%) and cyclists (4%). These statistics show that children and the youth particularly are more vulnerable to pedestrian related crashes and are prone to injury and death as passengers,” the MVA Fund said.

The MVA Fund therefore called on drivers to: ensure increased awareness of pedestrians, exercise extra caution when driving on gravel roads, remain sober while driving, ensure that vehicles are fit, avoid overloading of vehicles, keep to prescribed speed limits and ensure that all passengers wear seat belts.


About The Author

Intern

The Economist accommodates two interns every year, one per semester. They are given less demanding, softer issues to hone their skills, often with a specific leaning to social issues. Today, many of our interns are respected journalists or career professionals at economic and financial institutions. - Ed.

Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.