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Ohorongo bags environmental award

Hon. Minister Pohamba Shifeta, Minister of Environment and Tourism, handed over the first ever award to Ohorongo Cement Managing Director, Mr Hans-Wilhelm Schütte, for Environmental Excellence Among Industries.

Ohorongo Cement received the first ever Environmental Excellence Among Industries Award at an event hosted by the Environmental Investment Fund (EIF) earlier last week.

The awards were aimed at recognising and celebrating the work that companies, local authorities and individuals have done while promoting and demonstrating sustainable and responsible development into the core of business and industry in Namibia.
The Category of Environmental Excellence Among Industries, targeted mainly private sector companies, parastatals and local authorities. The award seeks to reward the application of innovative technologies and exciting approaches, which minimizing operational impacts on the environment, were energy and water efficiency are key focus areas as well as environmentally friendly approaches to the management of waste.
The competition for the category was stiff and Ohorongo had to compete against Namdeb, Hendrick Ehlers and the Uuyele Solar Bottle project, Wolwedans Collection and Northern Refuse Removals, who were all nominated. However, Ohorongo walked away victorious, with Wolwedans as runner-up. Ohorongo Cement thanked the Ministry of Environment and Tourism, together with the Environmental Investment Fund and the Sustainable Development Advisory Council and others for placing the appropriate focus on this very important aspect of sustainable development.
Ohorongo took pride in the fact that, to name but one, its CO2 emissions are even lower than European standard requirements. However it continuously strives towards improvement through improving energy efficiencies and the cutting of waste.
According to Ohorongo, the focus on sustainable development should start with an educational process from a young age and it supports the bottom-up revolution, which also connects communities and collaborated efforts. “Each Namibian resident can make a difference, even in the smallest manner by heeding the advice: Reduce, Re-use, Recycle!,” said Ohorongo. Meanwhile Ohorongo said it is planning to utilize the award by ploughing back into the small community of Otavi. According to the cement firm, it will liaise with the Otavi Town Council and identify an environmental community project to which the company can contribute. The company has won similar awards in the past, however, receiving this award is a validation that the company is on the right track.
“Ohorongo is but an infant within a new industry, and to be bestowed with this award for Excellence Among Industries is a truly humbling experience,” said Carina Sowden of Ohorongo.
As Ohorongo Cement embraces this recognition, it encouraged other sectors and industry to intensify their commitments towards the nation, to ensure a quality of life for future generations.

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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.