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Motor Vehicle Fund to join continent in commemorating Road Safety Day

Motor Vehicle Fund to join continent in commemorating Road Safety Day

As the global community remembers the thousands of road crash casualties and the plight of the families who are left destitute to deal with the aftermath of this gruesome pandemic, the Motor Vehicle Accident (MVA) Fund has undertaken various activities in commemoration of Africa Road Safety Day slated for Sunday, 19 November.

This week, the Fund conducted roadblock refresher training in Walvisbay and Karibib with special focus on matters relating to traffic regulations and customer service.

This training was attended by 40 traffic law enforcement officers hailing from Walvisbay, Swakopmund, Hentiesbay, Arandis, Usakos, Karibib, Omararu, Uis and Otjimbingwe.

Additionally, the Fund carried out first responder training in Witvlei located on the B6 route along the Trans Kalahari Corridor.

“The training aimed to equip Witvlei community members with valuable knowledge on how to provide first aid in order to stabilize those involved in road crashes while awaiting professional medical help along the corridor,” said Kapena Tjombonde, Chief Corporate Affairs at the Fund.

A Prayer Walk will be hosted at Hosiana ELCRN Church next to B1 City Mall at 16h00 on Sunday, The prayer session is part of the Council of Churches of Namibia through the Windhoek Ecumenical Forum Road Safety Awareness Campaign celebrated under the theme ‘Love your neighbour for safer roads.’

“In support of the above, the Fund calls upon Government, civil society, business community and the community at large to join in the national prayer day for road safety,” she concluded.


 

 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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

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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.