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Cereal imports to meet deficit

Cereal imports to meet deficit

By Freeman Ngulu.

freeman@economist.com.na.

09 January 2017 – The latest Agricultural Input and Household Food Security Report forecasts that current grain supply and demand shortfalls are likely to be met with commercial grain imports by the major millers.

The report from the Ministry of Agriculture, Water and Forestry points out that since the marketing season is still ongoing the shortfalls are usually covered through more commercial imports. Exact detail on the grain import requirement will only be available by 30 April 2017 when the Cereal Supply/Demand Forecast for 2016/17 marketing period ends.

Since the start of the current marketing season in May last year, above average commercial imports were received by the end of November 2016 with 39,700 metric tonnes of wheat, 50,100 metric tonnes of white maize and 8,000 metric tonnes of mahangu.

There are however still uncovered shortfalls of 24,800 metric tonnes, 49,000 metric tonnes and 44,000 metric tonnes respectively for wheat, white maize and mahangu.

The food security report indicates that very little has changed from the previous reporting period due to the poor rainfall at the beginning of the 2016/2017 rainfall season (October to mid-November), with no cultivation activities taking place.

Even so, by late November to early December, most parts of the traditional grain-producing areas were reported to have received moderate to good showers and cultivation activities have since started,” the report states.

For the upcoming harvest season, wheat production is forecast at 12,700 metric tonnes, maize at 46,400 metric tonnes and mahangu at 21,000 metric tonnes. Opening stocks at May 2016 showed a meagre 2,900, 28,100 and 1,200 metric tonnes respectively.

At the end of last year, the expected grain shortfalls for 2017 were expected to be 64,500 metric tonnes for wheat, 99,100 metric tonnes for white maize and 52,100 tonnes for mahangu.

Meanwhile, residents at Eenhana told the report compilers they had to purchase mahangu in Angola for their daily sustenance requirements as the 2016 rain season continued to disappoint. Some villages bought mahangu from neighbouring villages where there were small surpluses but even this source has been depleted in the last months of 2016.

Furthermore, it is reported that only a small number of rural households still have mahangu available with stocks expected to last only up to the end of February 2017. Once the indigenous grain stocks are depleted, the daily staple is substituted with white maize meal.

As an emergency measure, drought relief food distribution is taking place in Eenhana but according to farmers in the constituency, the distribution is not regular and only targeting certain households.

About The Author

Freeman Ngulu

Freeman Ngulu is an Entrepreneur, into data journalism and is an aspiring content marketer. He tweets @hobameteorite.

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.