Paratus Namibia

NAM-CSIRT PROVIDES UPDATE ON PARATUS CYBER INCIDENT AND URGES STRENGTHENED SECURITY MEASURES

The Communications Regulatory Authority of Namibia (CRAN), which houses the Namibia Cyber Security Incident Response Team (NAM-CSIRT), acknowledged a significant cyber incident reported on 19 February 2025, involving Paratus Namibia Holdings Ltd. This incident was classified as a Level three (3) event, indicating a serious impact on the telecommunications sector and potential reputational damage at a national level. The breach was identified following a report from Paratus, which revealed that […]

February 28, 2025 45

Business / Economics

Paratus Namibia Reports Cybersecurity Breach as expert weighs in

Paratus Namibia has confirmed a cybersecurity breach compromising its internal IT systems, raising concerns over data security within the telecommunications sector. In a statement to the Namibia Securities Exchange, the company disclosed that unauthorized activity had been detected, prompting an immediate investigation. As cybersecurity threats intensify globally, technology expert Nrupesh Soni underscores the urgent need for businesses to fortify their digital defenses against potential breaches.

February 21, 2025 83

Uncategorized

The Oil “Curse” and Namibia’s Critical Crossroads

OPINION By: Barney Hamse In 2014, Zack Beauchamp wrote an article titled, The Oil Curse: How Black Gold Makes Countries More Authoritarian, Corrupt, and Violent. This concept has since been discussed extensively, and numerous reports over the years have highlighted the adverse impacts of oil wealth on nations, particularly in Africa. Namibia is now at a critical juncture, and it must tread carefully to avoid the pitfalls that many oil-rich countries […]

December 3, 2024 161

Africa

Week in Review: Namibia’s Green Hydrogen deal, Soth Africa’s unemployment crisis, and More

https://youtu.be/2avUM787GnY Top Stories: Namibia's Green Hydrogen Deal: President Nangolo Mbumba led Namibia’s participation at the World Hydrogen 2024 Summit in the Netherlands, securing green hydrogen supply agreements with the Netherlands, Germany, and Belgium. Government Election Spending: The Institute for Public Policy Research's Quarterly Economic Review examines government spending on elections since independence. IPPR Executive Director Graham Hopwood provides insights. Pending Allowances: Despite National Assembly approval, increased allowances for pensioners […]

May 17, 2024 20

Business / Economics

Paratus Namibia Holdings doubles market capital with N$ 600 million raise

Paratus Namibia Holdings Limited (PNH) has successfully raised over N$600 million through its recent Rights Issue and investment drive. The capital infusion has effectively doubled the company's market capital on the NSX. The company says the raised capital was sourced from a diverse group of investors, including the Paratus Group (61,9%), Paratus employees (2,6%), institutional investors (34%), and retail investors (1,5%). Paratus Namibia Managing Director Andrew Hall adds that the […]

May 16, 2024 109