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Profiling the SADC industrialisation strategy  

Profiling the SADC industrialisation strategy  

By Kizito Sikuka

Southern African News Features

Policy implementation is a challenge confronting most countries in southern Africa, and one of the factors impacting on the effective implementation of regional projects and programmes is lack of communication.

For example, if a particular policy or programme is not well understood by stakeholders, there is likely to be some obstacles in the policy implementation. In this regard, communication is an essential ingredient for effective implementation of regional policies.

As a result, SADC Member States are expected to take an active role in communicating the SADC Industrialization Strategy and Roadmap that was adopted by the SADC Extraordinary Summit held in 2015 in Harare, Zimbabwe.

The SADC Industrialization Strategy and Roadmap aims to accelerate the momentum towards strengthening the comparative and competitive advantages of economies of the region.

The Industrialization Strategy was developed as an inclusive long-term plan for modernisation and economic transformation that should enable substantial and sustained economic development to raise living standards.

It is anchored on three pillars — industrialization, competitiveness and regional integration. Strategic interventions for each of these pillars are proposed in the action plan.

These include an improved policy environment for industrial development, increased volume and efficiency of public and private sector investments in the SADC economy, creation of regional value chains and participation in related global processes, as well as increased value addition for agricultural and non-agricultural products and services.

To publicize the strategy, SADC and its Member States are holding various national and regional meetings that are aimed at educating various stakeholders on the strategy.

For example, Zimbabwe held a national meeting in April with the private sector, research institutions and academia on the SADC Industrialization Strategy and Roadmap.

The SADC Secretariat held a meeting in May with the media in Botswana to raise awareness and build partnerships on the implementation of the SADC Industrialization Strategy and Roadmap.

The acting SADC Director for Industrial Development and Trade, Dr. Lomkhosi Mkhonta-Gama said, with proper understanding of the Industrialization Strategy, the media can play an important role in raising awareness about the strategy.

We consider the media as a critical stakeholder in moving the industrialization programmes in the SADC region forward,” she said, adding that the engagement with the media is meant to ensure that journalists are “more knowledgeable’ about the industrialization agenda.

To further publicise the strategy, SADC, in collaboration with the South African Department of Trade and Industry and the Department of International Relations and Corporation and the Southern Africa Business Forum, will host a SADC Industrialization Week on 31 July-4 August in Johannesburg, South Africa.

According to a statement, the industrialization week will be a prelude to the SADC Summit, “bringing together public and private sector representatives from the 15 SADC Member States to accelerate regional integration, enhance intra-African trade and increase levels of investment.”

It (industrialization week) will provide a platform for disseminating information on the SADC Industrialization Strategy and Roadmap 2015-2063 which was approved by the SADC Summit of Heads of State and Government in April 2015 in Harare, Zimbabwe,” reads part of the statement.

The event will also act as a platform for intensifying the engagement and development of partnerships among policy makers, private sector, academia, researchers and other key stakeholders to promote the SADC Industrialization Strategy at national and regional level.”

The first-ever SADC Industrialization Week was held in August 2016 on the margins of the 36th SADC Summit of Heads of State and Government in Ezulwini, the Kingdom of Swaziland.

The objective of the industrialization week is to popularize the strategy and identify industrialization projects that can be implemented jointly by public and private sector within SADC Member States.

Such projects include infrastructure development, regional trade and industrial capacity. The main focus is on three spheres — Strengthening Value Chains, Corridor Development and Enhancing Infrastructure.

Regarding value chain projects, priority is placed on mining and mineral beneficiation, agro-processing and pharmaceuticals. Corridor development involves various enabling factors such as standards and quality infrastructure, trade facilitation and transport infrastructure. With regards to infrastructure development, special focus is on water and energy projects. SADC Today.

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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.