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Erongo health services boosted by foundation

Hon Richard Kamwi, Minister of Health and Social Services, officiating at the opening of the new DRC Clinic.

Hon Richard Kamwi, Minister of Health and Social Services, officiating at the opening of the new DRC Clinic.

The Minister of Health and Social Services, Hon Richard Kamwi last week officially opened the DRC clinic and inaugurated three new health facilities in the Erongo region.
The three new health facilities, situated in Tamariskia, Mondesa and Hakhaseb, are part of a support project by the FNB Namibia Foundation in conjunction with the Synergos Institute, launched in 2011.
The FNB Foundation committed N$160,000 per year for three years from 2012 to 2015, to the expansion of primary health services in remote, inaccessible or otherwise problematic areas, like informal settlements.

Speaking at the official opening of the DRC Clinic, Synergos Institute’s country Director, Ms Kasee Ithana said, “The official opening of the DRC Clinic is a good example of how a local community, private business, and non- governmental and government agencies can work together to solve difficult issues within a particular community. In this case the issue was the health of expectant and new mothers and their children.”
Ithana thanked the FNB Foundation for funding the deployment of three containerized clinics in partnership with Synergos.
“FNB is also a good corporate citizen in other work with the Ministry of Health. A few months ago they donated linen worth N$600,000 to the maternity ward of the Windhoek Central Hospital, another important contribution to women’s health,” said Ithana.
In September 2012 FNB Namibia handed over their first support to the Synergos Institute for the establishment and running of mobile clinics in areas where health services are inadequate and access to health is limited. FNB said as part of its social responsibility, FNB Namibia allocates 1% of the total post-tax profits of the FNB Group to its foundation for corporate social investment.
The Manager for Donations and Sponsorship at FNB Namibia, Ingrid Goeieman said, “One of the focus areas of our government’s Vision 2030 is the health sector. The FNB Foundation aims to help the government achieve the objectives set out in Vision 2030. The advancement of all Namibians is an integral part of this vision.” The mobile clinics will improve maternal and child health in remoter areas.

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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.