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Road Safety campaign launched

Deputy Minister of Health and Social Service, Petrina Haingura inaugurated the MVA Fund Call Centre on behalf of Dr Richard Kamwi, the Minister of Health and Social Services at the fund’s head office on Tuesday. Haingura and Rosalia Martin-Hausiku, acting CEO of the MVA Fund, poses for the Economist cameras in front of the MVA Fund Call Centre. (Photograph by Lorato Khobetsi)The MVA Fund this week launched its annual Xupifa Eemwenyo “Save Lives” Road Safety Campaign for 2011/ 2012. The campaign which is in its 7th year, will mainly focus on emergency response. The event also saw the official inauguration of the MVA Fund Call Centre.
Speaking at the launch of the campaign, deputy Minister of Health and Social Service, Petrina Haingura, said road trauma has reached a stage of considerable concern in the country as communities and families are torn apart by the unnecessary loss of lives, as well as pain and suffering brought about by road accidents.
She further said that global statistics has indicated that about 1.3 million people are killed each year  across the world and that another 20 to 50 million sustain non-fatal injuries from road collisions, however these injuries are an identifiable cause of disability worldwide.
“In Namibia, there are about 500 deaths annually, to demonstrate the gravity of this situation, road crashes have recently been ranked as the fifth biggest cause of death in our country. This effectively means that we are dealing with a pandemic on wheels, which if not contained, will pose serious developmental risks for our nation,” said Haingura.
Statistics from the MVA Fund Call Centre showed that 423 people have died on the road this year, while a further 2 495 sustained moderate to serious injuries.
Haingura added that these statistics were not only unacceptable, but intolerable as most of the accidents occur due to human error and are thus preventable.
She also urged people to review their personal contribution to the quest to make the country’s roads safer.
“While programmes such as the Xupifa Eemwenyo strive to educate the public on road safety and specifically urge road users to comply with traffic regulations, such programmes can only yield positive results if all of us change our behaviour and approach to using the road,” Haingura said.
The campaign will focus on three main objectives namely, support law enforcement, emergency response and awareness creation. The campaign will run from 28 November this year to 15 January 2012.

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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.