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Skills needed to fight climate change

The Minister of Environment and Tourism, Netumbo Nandi-Ndaitwah, launched the National Policy on Climate Change and the second National Communication to the UNFCCC this week. (Photograph by Clemencia Jacobs)The solutions for mitigating the impact of climate change focuses on restricting emissions of greenhouse gases and supplying governments of poor countries with aid, without the necessary transfer of skills and technology, said Minister of Environment and Tourism, Netumbo Nandi-Ndaitwah at the launch of the National Policy on Climate Change this week.
“It is acknowledged that Africa, as a whole, has contributed least to greenhouse gas concentrations in the atmosphere, but also faces some of the worst consequences and generally has the least capacity to cope with climate change impacts. Namibia is extremely vulnerable and exposed to the impacts of climate change due to our geographical location, socio-economic and environmental context,” Nandi-Ndaitwah said.
She added that the country’s climate change policy advocates for skills development and technology transfer which is also in line with the guidelines of the United Nations Framework Convention on Climate Change (UNFCC).
At the 17th Conference of the Parties (COP17) to the United Nations Framework Convention on Climate Change (UNFCCC) which will take place in Durban, South Africa next week, Namibia wants the member countries to increase their level of ambition to overcome the wide gap between the pledges they put forward and what is required by science.
The minister said that Namibia expects the countries to commit to a second period of the Kyoto Protocol starting from 2013 to 2017 to further reduce their emission by 40% below the 1990 levels in order to stabilise global average temperature well below 2 degrees Celsius.
Nandi-Ndaitwah said the Cancun Adaptation Framework should also be put in operation and that there is a need to launch the Green Climate Fund and the standing committee on finance in order to provide regular support to the Conference of the Parties in exercising its functions.
She further said there is a need to implement policies in order to address technological and capacity needs of developing countries in addressing climate change.
The environment minister said as a strong player at the negotiation table, Namibia is committed to addressing climate change and upholding the country’s past pledges to do exactly that.
She said that in light of the effects of climate change, the country has made strides in climate change planning to meet the goals of Vision 2030.
“This process has also seen marked efforts to harness our natural resources in a sustainable manner and without negatively impacting our natural heritage. As a young developing nation, we need to ensure efforts are continued to mainstream climate change adaptation into our national development plans with the view of adjusting human and natural systems in response to actual or expected climatic variation for the sake of moderating harm or exploiting beneficial opportunities,” she said.
The National Policy on Climate Change provides a legal basis for addressing climate change and the expected impacts it will have on the country. The policy calls for the transfer of technology, capacity building, and the provision of financial resources. It also promotes and enhances synergies amongst stakeholders across all sectors.

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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.