Select Page

Legal teeth for Water Regulator to determine price of bulk water

Legal teeth for Water Regulator to determine price of bulk water

Another regulatory body joined the extensive fray of government agencies this week when on Thursday 01 June, the Minister of Agriculture, Water and Forestry, Hon John Mutorwa inaugurated the new Water Regulator.

The Water Regulator comprising five individuals, is instituted under the authority of the Water Resources Management Act (11 of 2013), Section 12, but its main functions are executed under Section 7 of the NamWater Act of 1997. The minister described, in broad terms the new regulator’s mandate as falling under NamWater’s legal obligation to “determine and levy, in consultation with the minister, tariffs on a full cost-recovery basis for water supplied.”

The Water Regulator is chaired by Mr Joseph Iita, assisted by Ms Nathalia Goagoses, Mr Pedro Maritz, Ms Olga Katjiuongua and Mr Luther Rukira.

“On behalf of the Government of the Republic of Namibia in general and in the name of the Ministry of Agriculture, Water and Forestry specifically, I have the pleasant public responsibility to officially inaugurate and present, the eminent and distinguished members of the Water Regulator of Namibia” the minister said at the inauguration ceremony in Windhoek.

Hinting at the new regulator’s job of looking over NamWater’s shoulder, the minister briefly described the sphere of duties: “to carry out efficiently and in the best interests of the Republic of Namibia, the primary business of bulk water supply to customers, in sufficient quantities, of a quality suitable for the customers’ purposes, and by cost-effective, environmentally-sound and sustainable means; and the secondary business of rendering water- related services, supplying facilities and granting rights to customers upon their request.”

The process to populate the new regulator started in September last year when the ministry requested submissions for appropriate candidates. The names of the prospective candidates chosen by the ministry were endorsed by Cabinet on 23 May 2017, and the official introduction followed a week later.

“I congratulate you, the members of the Water Regulator of Namibia, individually and collectively, for your deserved appointments as experts in the respective identified fields relevant to your professional training and experience” said Minister Mutorwa.

About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.