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SADC’s poverty, inequality continues to exacerbate child labour practises – official

SADC’s poverty, inequality continues to exacerbate child labour practises – official

Child labour in southern Africa continues to be of serious concern due to the persistence of poverty, inequality and other developmental challenges despite the strides made, an official said on Wednesday.

Southern African Development Community(SADC) Executive Secretary, Stergomena Lawrence Tax said this in a statement as the region joined the world in commemorating the World Day Against Child Labour today, under the theme; “children shouldn’t work in fields but on dreams”.

“High decent work deficits in the region, characterized by high informal employment and a large proportion of the working poor of around 50 percent, means that many children are susceptible to child labor as a way of supplementing household incomes,” she said.

According to Tax this is mostly the case in the agricultural sector, which is the region’s leading source of employment.

Tax said SADC affirms its commitment to ensure that quality education and skills development become the means by which children realize their dreams and entitlements for a better and productive adulthood.

“As a region, we commit to make our fullest contribution towards this urgent and most noble target so that children in SADC and beyond can have the full opportunity to work on their dreams,” she said.

Furthermore, she said SADC recognizes that greater progress in the fight against child labour can only be realized in combination with inclusive economic growth, in a context where labour markets can provide sufficient jobs and income security for those of working age.

Tax said the SADC Decent Work Agenda (2013-2019) continues to place eradication of child labour at the center of its efforts to enhance living standards and the quality of life of the youth.


 

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Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.