Select Page

MTC ploughs back to the community – celebrates World Elders Awareness Day with Okakarara’s elderly community

MTC ploughs back to the community – celebrates World Elders Awareness Day with Okakarara’s elderly community

Mobile telecommunications services provider, MTC, through the Okakarara Town Council donated 100 brand new phones (with simcards) to the elders of the Okakarara community, during a belated World Elders Abuse Awareness day, held in the mid central town this week.

Stretching the generous hand further during the occasion, MTC also handed over a sponsorship of N$30,000 towards the Okakarara horse racing event as part activity of the ongoing Okakarara Trade Fair Society annual gathering.

According to the United Nations Department of Economic and Social Affairs, elder abuse is a global social issue, which affects millions of older persons around the world, and an issue, which deserves the attention of the international community. Statistics at hand indicates that around 1 in 6 older people (141 million people) experienced some form of abuse in the community during the past year.

Joseph Mundjindi – Sponsorship and Promotions Manager explained, “The core essence and gist of our existence is to make the connection, and giving these new phones to these elders translates exactly into what we stand for. Too little attention is given to preventing elder abuse and raising awareness. We believe that this will assist the elders to keep in touch with their children, family members, and report abuse and any other illicit acts.”

“At MTC we will always try to plough back to the people, for it is owed to them the company is in existence as a corporate citizen, we do not just have the responsibility to provide quality telecommunications services, but also a sustainable social accountability through our corporate social responsibility,” concluded Mundjindi.

About The Author


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


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.