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Shell fuels road safety

LK-SHELLShell handed over traffic equipment to the Namibian Police at the Karibib Roadblock as part of a week-long road safety intervention in the Erongo region. Accompanied by various partners who were in attendance, Shell also conducted public education, encouraging road users to be extra vigilant on the road.
Chief Inspector Tobie Gerber accepted the contribution from Mona-Liza Garises, Shell’s communications manager, on behalf of the outgoing Commander of the Erongo region, Commissioner Festus Shilongo.
Considering road safety as one of its core priorities and having adopted the Karibib Roadblock in 2006, Shell has been a recognised and avid partner and role-player in road safety over the years. Shell also plays a part in trying to reach the objectives of the 2011/2012 Xupifa Eemwenyo campaign. These objectives are increased emergency response services and improved response time, improved targeted law enforcement interventions and the enhancement of awareness on road safety.
Shell reaffirmed their commitment in giving back to the community and meeting stakeholder expectations by donating water and soft drinks for the duration of the campaign, breathalysers for alcohol testing, tables, chairs, torches/flashlights and chairs.
“Since the first time we took hands with law enforcement, you have displayed a very strong work ethic, determination and discipline. We are proud to be a partner and encourage you to remain ethical when protecting and serving the nation. One of our core values is respect for people, and
you have, at all times, demonstrated this value. With continued interventions and persistence, we can, reach the hearts and minds of road users, together and save lives,” said Mona-Liza Garises, Shell’s Communications Manager about law-enforcement agents in the Erongo region.
The deputy Minister of Works and Transport, Chief Samuel Ankama who witnessed the ceremony and also participated in conducting public education at the roadblock, commended Shell for its continued support to government, industry and society as a whole.
“Not only am I pleased, but I am also impressed by Shell’s consistent involvement in initiatives of national concern. The passion and commitment of the team is evident by their incessant hands-on approach in assisting the attainment of stakeholder objectives of minimizing road traffic accidents and consequent fatalities,” Ankama said.
He further called on all road users to be cautious and patient on the road, keep to the speed limits and obey traffic rules at all times.
Shell will also conduct public education at the Swakopmund and Walvis Bay roadblocks along with the Motor Vehicle (MVA) Fund over the next three days.

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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.