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Nedbank’s Green Fund making positive impacts on environment

Nedbank’s Green Fund making positive impacts on environment

Clients partnering with the bank through home loans or vehicle finance products help to make a real difference in the wildlife and the country’s diverse environment, said Jacky Tjivikua, Manager: Go Green, CSI and Sponsorship at Nedbank Namibia.

“If you purchased a home or vehicle through us, it makes you part of this incredible fund and conservation efforts across the whole of Namibia,” Tjivikua said.

Through partnering with Nedbank Namibia however, the wish to upgrade the family vehicle or investing in a home, offers an effective way to invest in a better future for Namibia.

“I think people try to do good whenever they can, for their community and the environment. If you know that by purchasing a home or car through us, you are able to connect to a bigger conservation effort. This makes it worthwhile for our clients,” Tjivikua noted.

Over the past 17 years, the Go Green Fund has supported more than 40 environmental initiatives. Many of these projects helped put Namibia on the map as a prime conservation destination and helped earn the country the reputation as “the most successful conservation story ever told.”

According to Tjivikua, the wide-ranging projects initiated with support from the fund, have impacted the lives of communities, boosted knowledge on the environment, raised awareness, and helped bring many crucial topics to the forefront of public and government discourse.

“You cannot look after or plan for what you don’t know about. The research we support through the Go Green fund allows us to better understand the environment we are living in and to make informed decisions about how we can use that space,” Tjivikua emphasised.

A recent example is the work of the Namibia Dolphin Project, which has received support since 2009, with the provision of three grants from the Go Green Fund.

The Dolphin Project’s baseline studies and their investigation into the impacts of large scale port expansion plans at Walvis Bay, has led to active discussions with authorities to help mitigate potential threats to the dolphin population along the coast.

“The Nedbank Go Green Fund is not lip-service. We didn’t climb on the green bandwagon yesterday. It’s a genuine fund established by stakeholders who decided to do good in a smart and creative way,” Tjivikua said.


Caption: One of the Green Fund sponsored project


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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.