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Take responsibility for road safety

The Swakopmund Traffic Department has committed itself to ensuring that business is conducted amidst normal traffic flow and within the parameters of the laws of the country in the Erongo region. It has also urged drivers to “drive with reason this festive season”.
“Since the Decade of Action for Road Safety has been launched on 11 May, this office has been working to enhance road safety and reduce the road carnage, especially in this region. Factors such as drunken drinking will be dealt with strictly and in accordance with the law,” said Trudie Xaogus, senior traffic officer at the Swakopmund Traffic Department.
Xaogus further said the traffic department’s main focus will be on ensuring the free flow of traffic in and around town and also within the given 10 to 20 kilometre zone.
The traffic officers will embark on a range of activities which will include intensified speed measuring, random alcohol testing and roadworthiness checks.
“We would like to call on all Namibians to take responsibility for road safety as this is something that will influence us all as a nation should it not be addressed with the needed urgency,” Xaogus said.
She said although no fatalities were reported in Swakopmund during 2010, the entire Erongo region had the second highest number of crashes, peaking during the festive season last year.
“They say accidents are predictable thus they are preventable, so all the black spot areas will be covered in order to ensure that they are indeed prevented from happening. Let us enjoy the Festive season and ensure that we prove the records wrong with regards to the carnage on our roads especially during festive seasons,” Xaogus concluded.

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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.