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Converting fishing rights into human rights for vulnerable groups

Converting fishing rights into human rights for vulnerable groups

The patron of the Sam Nujoma Foundation, first President Dr Sam Nujoma last week visited Walvis Bay as guest of horse mackerel operator, Erongo Marine, to receive a substantial donation of canned fish earmarked for marginalised communities and schools.

The fish was presented to Dr Nujoma by Erongo Marine Managing Director, Dr Martha Uumati.

Earlier this year, at the 88th birthday celebrations of Dr Nujoma, \ Erongo Marine pledged an amount of N$250,000 for the construction of the primary school on the former president’s farm, Etunda, between Otjiwarongo and Otavi. The pledge was acknowledged and confirmed by Dr Uumati.

“Through our various Corporate Social Investment initiatives, Erongo Marine will continue to convert our fishing rights into human rights that create shared value by investing in sustainable and empowering community programmes and to advance the lives of local communities, not only in the Erongo region, but also throughout Namibia as illustrated here today. This shows our full support and commitment to the new fisheries scorecard implemented by the Minister of Fisheries and Marine Resources,” Erongo Marine Enterprises MD Dr Martha Uumati said. She noted that “our drive is to empower, equip and transform”.

Dr Uumati also specifically highlighted and acknowledged the contribution and commitment of the Erongo Marine staff and crew to the success of the company.

The Sam Nujoma Foundation has named the beneficiaries of the canned fish as the Children Life Change Centre with 35 orphans and street urchins, Ada Ma /Hao Senior in Otavi with 461 vulnerable people, Ausens Kindergarten, also in Otavi with 80 children, and the Omuangete Primary School in Opuwo with 186 learners.

Erongo Marine is the second biggest horse mackerel fishing company in Namibia.

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.