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Eco- entrepreneurship on youth agenda

Eco- entrepreneurship on youth agenda

The potential value of so-called green business was the focus of a training programme held earlier this month for young entrepreneurs who feel they have the skill and commitment, but who lacks business knowledge. Referred to as Jump-Starter sessions, the training helps young people bridge the gap between idea and reality. The testimony from several case studies were offered to demonstrate the potential that can be unlocked by green enterprises.
The Namibia Business Innovation Institute, the Namibia University of Science and Technology and the Hanns Seidel Foundation Namibia co-hosted the two-part training series under the label The Eco-Entrepreneur Jump-Starter Series. Held at the Gateway Centre and the premises of the Namibia Institute of Public Administration and Management, the sessions promoted eco-entrepreneurship as a means of self-employment, employment by micro-enterprises, and as a poverty eradication catalyst.
The organizers explained that the first event in the 2-part series focused on exposing the audience to cases of eco-entrepreneurship from Kenya, Ghana and Uganda that are developing environmentally friendly projects to help themselves and their communities. They also said that the second part of the series focused on analysing the progress and potential of six local eco-enterprises, looking at their products. their motivation, market opportunities and the challenges they face.
Elephant Energy which is a non-profit organization that aims to reduce energy poverty particularly in Namibia’s informal settlements and rural, off-grid communities in the northern and central parts of the country. They provide training to micro-entrepreneurs for solar-powered lights, cellphone chargers and solar or crank-powered radios and provide education on the significance and benefits of solar energy.
Greenvile Solutions (GVS) are currently creating awareness on solar energy while highlighting the dangers of using other sources of lighting such as candles, paraffin and wood especially in informal settlements where shack-fires and health problems are rife from the use of these forms of energy. GVS also imports and sells multi-functional solar lights which are ideal for rural or of-grid communities and outdoor camping.
Mathews and Orlale (M&O) are eco-entrepreneurs who recycle waste into affordable products such as gift bags and décor products and aim to reduce wast by up-cycling items such as bottles and boxes.
Green Earth Creation (GEC) transforms waste into different useful products such as ottoman seats, dustbins, baskets, stationary holders and decorations. They aim to reduce, reuse and recycle waste as a contribution to wast management and to reduce environmental pollution.
Agricycle Namibia is in the nutrient recycling industry and they farm with insects Hermetia illucens (Black Soldier Fly) which converts organic waste into proteins that are useful in animal feeds.
Cuvelai Co-operative harvests invader bush and processes this into wood chips and saw-dust which are packed into large clear plastic bags used as a medium for growing mushrooms. The harvested bush is also used to make paper which is then used for packaging the mushrooms
These six eco-entrepreneur projects strive for business opportunities that are environmental friendly, promote waste management as well as improving the lives of communities by creating jobs and providing affordable, environmentally-friendly products.

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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.