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Global Fund investing US$125 million additional funds to fight TB in 13 countries

Global Fund investing US$125 million additional funds to fight TB in 13 countries

The new WHO Global Tuberculosis Report 2018 is a call to arms for the international community, coming one week before the first UN High Level Meeting on TB, the Global Fund said in a statement this week.

According to the organisation of all the world’s infectious diseases, TB is the leading killer. Approximately 10 million people fell ill with the disease in 2017, and 1.6 million of those died.

“To have any hope of meeting the goal that world leaders have signed up to ending the TB epidemic in 2030 – we need to act with more urgency, and to invest more money,” said Peter Sands, Executive Director of the Global Fund.

“The blunt truth is that we’re not making enough progress. Far too many people are dying – and it’s mainly the poor and the marginalized, people without a voice,” he added.

TB is a preventable and curable disease, but many people suffering from it are left untreated, which can affect global health security.

According to the new report, 36% of people ill with TB are “missed”, either undiagnosed, untreated or unreported. Untreated, a person with active TB can spread it to others; ineffective treatment can lead to drug resistance, which makes treatment longer, more costly and more toxic.

“In addition to the millions of lives lost, by tolerating the scale of TB in the world we are enabling drug-resistant TB to grow. This is a major global health security threat,” said Sands.

The UN High Level Meeting on TB next week is the cornerstone of what is widely considered a crucial year to accelerate momentum to reach the SDG targets.

According to the WHO report, there is a funding gap of US$3.5 billion in 2018 alone, a figure that will nearly double by 2022. More resources from domestic and international sources, high-level political commitment, and investment in research and development are needed.

As the largest international funder of TB programmes, the Global Fund is investing heavily in the expansion of improved diagnostics, working with partners to integrate TB screening into other routine health check-ups, integrating TB and HIV services, and expanding treatment of drug-resistant TB.

The Global Fund is investing US$125 million in additional funds in 13 countries that account for 75% of missing people with TB globally. That investment aims to find an additional 1.5 million people with TB by the end of 2019.


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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.