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Drastic increase in wood tariff export

The Directorate of Forestry Director, Joseph Hailwa announced the increase in processed and unprocessed wood products with immediate effect.
Charcoal and braai wood are not included in the new tarriffs as it is not a raw products qualifying for lower tariffs. Hailwa however said in talking with the Namibian Agricultural Union (NAU) that the high tariffs could be reviewed.

The reason behind the move is to discourage farmers to export raw unprocessed wood products. “They want to encourage farmers to create employment to add value before the product leaves the country,” NAU said.
Hailwa spoke to the Economist and said that inflation also contributed to the increase. Citing another reason Hailwa said the increase is to allow for loopholes in the issuing of permits for transporting and harvesting as well as in preventing in some instances communal resources from being over exploited.
“In some instances the permit allowed more days to harvest than actually needed,” Hailwa said.
Although not for profit, the new permits Hailwa said will go towards the ministry’s operations. The normal export permit for processed wood per 30 tonne load sky rocketed form N$120 to N$300.
The Directorate is of the opinion that it is fair considering that the last the price per load was received four years ago. Unprocessed wood 30 tonne tariffs also increased from N$120 to N$900
The higher tariffs for the export of wood products came into effect December last year. Regional offices are prepared to explain the new tariffs with farmers in the respective areas or by contacting the  ministry.
The NAU however said that the new tariffs for unprocessed wood might be very high hinting at talks at a possible review of the tariffs.

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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.