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MVA introduces road campaign to enhance children’s safety around schools

MVA introduces road campaign to enhance children’s safety around schools

The Motor Vehicle Fund this week introduced an initiative to inculcate a road safety culture and enhance children’s safety around schools at an event held at Gammams Primary School.

The campaign called the Yellow Dot campaign, stemmed from the high number of motor vehicle crashes involving children as recorded by the Fund’s Call Center from January until 6 November, MVA Fund Chief Corporate Affairs, Surihe Gaomas-Guchu said.

According to statistics, 75 children between the age group of 0 to 16 lost their lives in 2999 crashes while 498 sustained various degrees of injury.

“The programme is one of the many strategies employed by the Fund to improve child safety as vulnerable road users,” she added.

According to her children embody a larger component of those affected by crashes, and the Fund through the road safety initiative aim to encourage safe best practices for children on how to safely enter and disembark from a vehicle.

Gaomas-Guchu said the initiative entails marking the rear left window with a yellow sticker to direct children on the safest way to enter and disembark from a vehicle.

The Principal of Gammams Primary School, Batseba Kaimu-Hengari, where the initiative was piloted said the initiative will greatly improve the safety of children in general and not only at schools.

Gaomas-Guchu meanwhile, called on parents, guardians, schools and road safety partners to increase efforts to further improve the safety of children on the road.


 

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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.