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Road accidents claim more lives

The MVA Fund held a road safety march under the theme “One life lost is one life too many. Lets unite against road carnage”. The march was spearheaded by the MVA Fund in collaboration with its Xupifa Eemwenyo stakeholders. (Photograph by Lorato Khobetsi)Statistics released by the Motor Vehicle Accident Fund (MVA Fund) showed that 16 people have died on Namibian roads in the past 14 days, while 279 people sustained moderate to serious injuries in the 123 accidents recorded from 28 November to 12 December.
“This effectively means that one person dies every single day in Namibia, while 20 are injured. If this trend continues unabated, our streets will become blood baths or places of bloodshed. Therefore, as a nation, we can no longer sit back with arms folded and hope that the situation will change,” said Clive Kavendjii, deputy chairperson of the MVA Fund board of directors.
Kavendjii added that it can’t be “business as usual” any longer and that the situation requires each and everyone to stand up and actively play their role to ensure that the roads are a safer place to drive.
Police Commissioner Desiderious Shilunga called upon all drivers to stop disregarding road traffic signs, particularly by overtaking at blind spots, such as hills.
“Many people died as a result of this reckless and negligent driving. Another matter of concern is the increasing number of accidents occurring during night time. Night driving is obviously risky due to reduced visibility on the road. Drivers should reduce their speed and also drive with care to avoid accidents,” Shilunga said.
He also urged passengers to report reckless behaviour of drivers at the nearest police roadblock or checkpoint.
“Passengers should not hesitate to report to the nearest police roadblock or checkpoint regarding the behaviour of drivers, who will be speeding, overloading or driving none roadworthy vehicles or driving while under the influence of alcohol,” Shilunga said.

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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.