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Venson-Moitoi campaign runs on AU reform agenda

Venson-Moitoi campaign runs on AU reform agenda

Dr Pelonomi Venson-Moitoi, the Botswana Minister of Foreign Affairs, this week spelled out the key points how she will tackle the job of chairman of the African Union, if she gets elected at next week’s African Union Heads of State meeting in Addis Ababa. She is the candidate nominated by the Southern African Development Community (SADC).

The 28th Ordinary Assembly of the African Union (AU) Heads of State and Government is set for 30 to 31 January in Addis Ababa.

Dr Venson-Moitoi highlighted five major reforms she would introduce if elected, saying “the African Union is uniquely positioned to lay the foundations for Africa’s bright future and to achieve the Vision 2063 goals. This will require stewardship and drive; energy and perseverance, pan-African activism, action-orientation and diplomacy as well as the ability to reach consensus.”

Listing her envisaged reforms, she said the New Partnership for Africa’s Development (NEPAD) is the ideal partner to become the AU’s development arm in a more prominent and well-defined role. For this, consultation with the member states must be improved through the Permanent Representatives Committee.

Dr Venson-Moitoi further proposes stronger integration between the AU Commission and regional bodies to ensure regular information sharing and to drive activities in a more efficient and cost effective manner.

For her third key reform, she will re-introduce activity reports at annual summits to keep members informed about the Commission’s work and progress.

Another key element is the reciprocal relationship between the Commission and member states. Attendance of regional summits is important, as are regular visits by the Commission to member states.

Last, she pledges to follow up on implementation of the Kigali summit on funding to speed up process, and assess other mechanisms to generate income for the Union including discussions with the private sector.

Dr Venson-Moitoi is passionate to drive sustainable development across the African continent, moving the people of Africa forward through collaboration with the leading minds and captains of Africa’s industries.

“As Chairperson of the AU Commission, I will commit to practices to enhance Africa’s quest for democratic development. I will galvanise the support of all member states to ensure that, together, we champion democratic governance” she concluded.

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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.