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Tecnologico del Mar visits aquaculture projects

The Minister of Fisheries and Marine Resources, Hon Bernard Esau with the Ambassador of Spain, Her Excellency Mrs Carmen Diez (middle right), and the two representatives of the Spanish centre for marine technology, Mrs. Paloma Rueda and Mrs. Mercedes Martínez.

A delegation of the Spanish foundation, Centro Tecnológico del Mar (CETMAR), led by its Director, Mrs Paloma Rueda and the person responsible for International Cooperation, Mrs. Mercedes Martínez visited Namibia last week to assess progress at the two aquaculture projects supported by the Spanish Cooperation.

The delegation also met the Minister of Fisheries and Marine Resources, Hon Bernard Esau. The visit to Namibia was for the specific purpose to evaluate the results of a number of initiatives to support local aquaculture.
Through the Spanish Cooperation agency, the Spanish government has been involved for some time in supporting the development of aquaculture centres in Kavango East and in the Omusati region.
Under the aquaculture support programme, Spanish Cooperation has provided specialised training for fish farmers and ministr officials at the Kamutchongo Inland Fisheries Institute on the Okavango River, just upstream of the Mahango section of the Babwatwa National Park. The scientific partner in this project is the University of Namibia.
In the Omusati region, technical assistance is provided to improve the efficiency and output of the fish feed plant at Onavivi.
Support is also provided to the National Marine Information and Research Centre (NATMIRC) in terms of updating of scientific information of fishing resources. Mrs. Rueda expressed her satisfaction for the fruitful collaboration between CETMAR and the fisheries ministry and offered to continue with this cooperation.
The Spanish delegation used the opportunity to visit the recently inaugurated inland aquaculture centre in Katima Mulilo.
This centre, which was financed by the Spanish Cooperation and implemented by CETMAR and the fisheries ministry, is a facility where fingerlings of bream (tilapia) and barbel (catfish) are bred and supplied to small-scale fish farmers. This breeding station can produce 1.5 million fingerlings in one season.
In Swakopmund, the Spaniards held a meeting with NATMIRC, an institution with which they have been collaborating since 2003 in terms of maintaining and updating the scientific information on marine fishing resources.

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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.