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Breweries continues to promote safe and accident free roads – donates breathalysers to NamPol

Breweries continues to promote safe and accident free roads – donates breathalysers to NamPol

Namibia Breweries Limited (NBL) this week provided the Namibia Police with breathalysers valued at N$150,000 and 300 cases of soft drinks to the value of N$50,000 for the officers that will parole road blocks during the festive season.

With the festive season proven as a peak period for road accidents and fatalities on the roads, the brewing company through the donations-affirmed its commitment to promote safer and accident free roads in the country.

NBL also sponsored N$10,000 to the West Coast Safety Initiative and N$125,000 to the Namibia Media Holdings (NMH) 60 Day National Road Safety Campaign.

“We lose too many lives on our roads because of the decisions and choices we make when under the influence of alcohol,” said NBL Managing Director, Wessie van der Westhuizen at the handover said.

“Our recently launched campaign stresses on the thinking patterns that contribute significantly to the results of our irresponsible actions. ‘I am not drunk, I only had a couple’ and ‘there aren’t any roadblocks tonight’ – these are but some of the detrimental thoughts that lead to decisions that unfortunately are great contributors to the road accident- and fatality status of our country,” he added.

NamPol Deputy Commissioner, Amalia Gawanas – Head of the Traffic Law Enforcement Division said the number of road accidents and fatalities on the roads remain a serious concern.

“Most of these crashes are caused by human error , negligence, destructive driving, speeding, overloading, red light ignorance, teenage drivers, driving under the influence of alcohol/drugs, vehicles not being road-worthy,” he said.

The total sponsorship of NBL towards road safety initiatives during the festive season amounts to N$335,000 and will be effectively spread in usage to Khomas, Erongo and Otjizondjupa road blocks.


Caption: NBL Managing Director, Wessie van der Westhuizen looking on while Deputy Commissioner Amalia Gawanas – Namibia Police (NAMPOL) head of traffic law enforcement division demonstrates the use of the breathalyzer.


 

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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.