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NAMAF hosts 7th healthcare conference

The Namibia Association of Medical Aid Funds (NAMAF) this week held its 7th annual Healthcare conference under the theme: “Is Universal Healthcare Coverage an Answer to Healthcare Delivery.”
The annual NAMAF Conference which has become part of the Health landscape was held in two folds which included a cocktail reception on Tuesday, and a day long conference on Wednesday in the capital.
The conference is used by healthcare professionals as a platform to come together to reflect on some of the challenges facing the provision of health care services in Namibia, particularly in relation to health financing.
Speaking at the opening of the conference on Wednesday, The Minister of Health and Social Services, Dr Richard Kamwi said that the theme could not be more appropriate, at a time when the entire world is re-shaping itself to focus attention to universal health coverage.
He said, there is need for improved access to quality health care around the world, evidence shows that inequalities in access are also growing and that Namibia is no exception to this reality.
“While the Government of the Republic of Namibia is making every effort to ensure equal access of its citizens to basic services, including health, we are acutely aware of the fact that as Namibians we do not have the same access to the same quality health services. Geographical access as well as financial access remains a concern,” said the minister.
According to WHO, Universal Health Coverage (UHC) is defined as the situation where all people are able to use quality health services that they need without financial hardships in paying for them. The main objectives of UHC are to ensure equitable health services that meet quality standards and protect against financial risk for the entire population.
“It means that Namibia should not be the last in the classroom; we need to move with the times and address our needs in this area, because they are immense. Addressing these needs will put us on a path of progress towards achieving better health outcomes for our people,” he said.
Speaking at the cocktail reception of the conference, Tuesday evening, Milner Siboleka, a statistician at the Minister of Health and Social Services said, no proper healthcare system means that the population of the country can not be productive and without production the economy can not grow.
He said, the 6 billion spend on the health sector in 2012 comes from donor funds, the government and individual households.
“In 2012, N$2662 was spent on an individual for health services. The Public and Government spend the most on the health sector which amount to over 50% followed by donor funds and then individual households. It is projected that the health expenditure will be rejected in the next year,” he 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.