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Committed to conservation and development

Minister of Environment and Tourism, Hon Netumbo Nandi Ndaitwah attended the adventure travel summit in Switzerland.

Minister of Environment and Tourism, Hon Netumbo Nandi Ndaitwah attended the adventure travel summit in Switzerland.

Namibia made history when it became the first African country to win the bid to host the 2013 Adventure Travel World Summit. According to the Ministry of Environment and Tourism, the concept of Communal Conservancies and its potential for tourism is one of the aspects that helped swing the ballot in Namibia’s favour. “[This is] among the success points that contributed to the country’s globally significant achievements as a destination committed to finding a balance between conservation and community development,” according to the ministry.
As one of few countries in the world with conservation and environmental management mandated in the Constitution, Namibia’s approach to conservation is holistic and inclusive both in terms of maintaining ecological integrity and the rights of communities to benefit from its natural resources. “Our nation is committed to the balance between conservation and community development. We know that this is the major reason for our success, the opportunity to showcase our conservation commitments to the adventure travel industry,’’ said Hon. Minister Netumbo Nandi Ndaitwah, who travelled to Switzerland where the flame of the Adventure Travel World Summit was passed to Namibia.
Since Independence, the percentage of land area under some form of conservation management has expanded from 13% to 42%. According to the ministry, this is just one of the examples where the country’s well-considered approach to conservation, the environment, its people and their resources, have proven successful not just for the nation but in setting an international example of protection and responsible resource utilisation.
The first four conservancies were registered in 1998 and today, there are over 76 registered communal conservancies covering over 18% of the land area and directly benefiting over 250,000 rural Namibians. Only recently, Namibia established the largest national park in Africa and is the only country in the world with an entirely protected coastline. Within the Communal Conservancy Tourism Sector, there are over 40 formal joint-venture lodges and camp sites that work in collaboration with their host communities.
Namibia’s conservation policies and community based natural resource management have not only changed the conservation landscape but have also changed lives. The ministry emphasised that through conservancies, previously disadvantaged communities have a voice in the management and benefits of living with wildlife and have set a global example for environmental stewardship.
Known as the cheetah capital of the world, Namibia is also the only country in Africa with an expanding, free roaming lion population and there has been a dramatic decrease in poaching to almost negligible levels today. In contrast with other destinations in the region, Namibia is translocating a critically endangered species, the black rhino out of national parks to communal conservancy land areas. Globally recognised as a leader in community-based conservation, Namibia has garnered such prestigious recognition as the 2012 Markhor Award for Outstanding Conservation Performance in recognition of its exceptional wildlife conservation programme.

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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.