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EU completes funding for water and sanitation programme

EU completes funding for water and sanitation programme

On World Water Day, the European Union committed, through Agenda 2030, to achieve access and sustainable management of water and sanitation for all, in particular to the most vulnerable groups.

Last week, the resident EU Ambassador Jana Hybaskova and the Minister of Agriculture, Water and forestry witnessed the last payment to Namibia’s Water and Sanitation Programme (NAWASA), amounting to €7.84 million.

The EU has been supporting the NAWASA Programme since 2011. The main objective was to support the provision of potable water and adequate sanitation across the country, particularly to rural poor communities.

EU High Representative Federica Mogherini in her statement said that, “Water is the source of life, life we have the duty to protect everywhere in the world.Safe drinking water and sanitation are crucial for a healthy and dignified life. Yet, 663 million people, 1 out of 10 people in the world, still lack access to safe water and are deprived of a basic human right”.

“Our commitment to leaving no-one behind means that no-one should be deprived of access to clean water,” Mogherini said, reiterating commitment to the Paris Agreement and the Marrakech Action Proclamation which reaffirmed the world’s determination to fight climate change and to help address the impacts of climate change, including on water.

In response to the rise in humanitarian needs and forced displacement, the EU is determined to continue supporting people affected by natural and man-made disasters, by providing life-saving access to safe and clean water.

Meanwhile, the EU will also continue to support sustainable water management through a strategic approach to regional development on the basis of the 2013 Water Diplomacy Council Conclusions, by promoting transboundary cooperation management throughout the world which is crucial for development as well as for stability, resilience, peace and security.

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

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.