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Africa is definitely not a shithole!

Africa is definitely not a shithole!

By Farai Tinashe Munoriarwa

nashmuno@gmail.com

Africa a shithole!, a lot to be desired from that statement and whether the person who blatantly said it has knowledge of his whereabouts and world at large. In many ways, history can prove that Africa is very far from being the profanity uttered by President Donald Trump as history informs us of that the first and oldest university is indeed in Africa, (Timbuktu to be specific), while the Americas which comprises of both North and South America have thrived and are thriving due to the people of Africa.

The Trans-Atlantic Slave Trade which saw the transportation of the African people mainly from West and Central Africa as form of cheap labour to work on their sugar, tobacco, cotton, coffee and cocoa plantations. The means of production were evidently in their favour but the mode of production was from Africa. This evidently shows that the importance of Africans to the heritage of the Americas because they were used to assure the very means of subsistence in order to survive and enhance social being.

The enrichment of the West has always been at the expense of the African continent, from striping Africa of its human resource and now its raw materials. Economically, it is renowned that the raw materials acquired from Africa fuel economies of the West. Is it still safe Africa is shithole?

Transnational companies such as Shell, British Petroleum (BP), Total, Chevron and ExxonMobil speak highly of the African continent due to the oil fields in countries like Angola, Algeria, Egypt, Nigeria and Libya. The companies mentioned Shell, Chevron and ExxonMobil are American, they too would not agree with the profaned statement articulated by President Trump.

There is a serious need for Africa in the operations and structures of the global economy, even as much as it may not seem so. Looking closely with an analytic scope one can safely see the West meddling in the politics of African countries in order to secure regime change and protect their self-interests. The scramble for Africa was never done and it still exists with other players fast emerging and taking over the prior scramblers. Africa a shithole, I beg to differ!

The potential that is held by the African continent cannot be achieved with a negative mindset being pursued and leaders such as President Trump purporting about Africa. The security dilemma which shows the absence of Africa on the United Nations Security Council speaks volumes of how Africa is far from being a shithole! The permanent members of the Security Council specifically the Western countries have adamantly blocked the request presented by the African Union for Africa to be part of the Security Council. Why block the reforms if Africa is a shithole?

Food for thought, the fact that the second largest continent in the world which is the home to over 1.2 billion people does not have a say in the matters of its own security yet it is home to the richest mining nation, South Africa which has more than US$2.5 trillion in mineral reserves, deserving the title of world’s richest nation by commodity wealth (https://www.911metallurgist.com/blog/the-5-richest-mining-nations-in-the-world).

The advent of globalization has allowed for no country and individual to be an island hence the rise in migration patterns across the globe. As individuals migrate in seek of the American Dream, transnational companies migrate in pursuit of the rich wealth bestowed in the mother Africa. Africa is definitely not a shithole!!


 

 

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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.