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SADC to establish a centre for renewable energy

Southern Africa has completed the process of selecting a Member State that will host the proposed regional centre for the promotion of renewable energies.

The adjudication and evaluation process for the four bids to host the SADC Centre for Renewable and Energy and Energy Efficiency (SACREEE) received from Botswana, Mozambique, Namibia and Zimbabwe, took place in February at the SADC Secretariat.
The name of the host country is expected to be announced during the next meeting of SADC Energy Ministers set for South Africa in May.
The establishment of SACREEE is expected to increase the uptake of clean energy in southern Africa, enabling the region to address some of its energy challenges.
The region has an abundance of energy sources, particularly renewable energy, which, if fully harnessed, could greatly boost power generation.
The proposed centre would promote market-based adoption of renewable energy and energy efficiency technologies and services in SADC Member States. The centre is expected to contribute substantially to the development of thriving regional renewable energy and energy efficiency markets through knowledge sharing and technical advice in the areas of policy and regulation, technology cooperation, capacity development, as well as investment promotion.
Various cooperating partners such as the Austrian Development Agency and the United Nations Industrial Development Organization (UNIDO) have pledged to provide financial support to the centre for the first three years. After that, the centre should be self-sustaining.
Establishment of the centre is expected to be carried out in three phases, the first of which involves the selection of a host country and establishment of the SACREEE Secretariat.
The Preparatory Phase, that was initially expected to run from January-October 2014, would also see the creation and inauguration of the SACREEE executive board and technical committees.
The First Operational Phase is expected to run from the end of 2014-2017 during which the centre will primarily focus on developing renewable energy programmes for the region and resource mobilisation.
The Second Operational Phase, from 2018-2021, will focus on activities to ensure sustainability of the centre after the exit of international cooperating partners such as UNIDO.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

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.