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Africans should play a lead role on all issues of peace and security on the continent says Mbumba

Africans should play a lead role on all issues of peace and security on the continent says Mbumba

The country’s Vice President , Dr. Nangolo Mbumba attended the 36th Ordinary Session of the African Union Executive Council in Addis Ababa, Ethiopia on 9 to10 February.

Addressing the Union Mbumba re-affirmed Namibia’s commitment to the continental developmental agenda which is underpinned by peach, security and stability.

“This are are fundamental prerequisites to achieving our collective aspirations of ‘An Integrated, Prosperous and Peaceful Africa, driven by its own citizens and representing a dynamic force globally’,” he added.

He highlighted that the theme for this year’s session, ‘Silencing the Guns: Creating Conducive Conditions for Africa’s Development’, lends itself greatly to reaffirming the Namibia’s commitment to overcoming the impediments to achieving the ‘Africa We Want’.

“We are now at a crucial point, ten years ago, we declared the need to silence the guns by 2020, the year 2020 has arrived and we have not achieved this objective, on the contrary, we now have more unresolved and armed conflicts than we had when we set out on our journey,” he emphasised.

He urged the Union to ask themselves where they have gone wrong and what it is that they have not yet done, which should guide them in overcoming obstacles and moving forward with rededication, determined to let nothing stand in the way of silencing the guns.

“Overcoming this challenge requires of us to strengthen our systems, processes and institutions as a means to provide effective governance,” he said.

Mbumba and his delegation proposed that the 33rd Ordinary Session of the Assembly, mandates the African Representatives on the United Nations Security Council to maintain a common position and play a lead role on all issues of peace and security in Africa.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.