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Consultative workshop on illegal sand mining to take place in Ongwediva

Consultative workshop on illegal sand mining to take place in Ongwediva

In an effort to curb illegal sand mining in the north,  a consultative workshop will be held this week at Bennie’s Park in Ongwediva, according to the Ministry of Environment and Tourism spokesperson, Romeo Muyunda.

The workshop will take place and discuss the interests, roles, needs and values of all parties involved in allocating land for sand mining, Muyunda said.

The Minister of Environment and Tourism, Hon Pohamba Shifeta, will officiate at the workshop.

According to Muyunda unlicensed and illegal sand mining has become a serious concern for the ministry as the activities are contributing to the serious destruction of the environment as well as threatening the livelihood of nearby residents, livestock and wildlife.

“As Namibia seeks to achieve is developmental goals especially in the infrastructure development sector, building sand and gravel for roads have become valuable and essential resources in the construction sector,” he said.

Muyunda said sand is extracted on a daily basis to meet the demand of the sector and mostly in an uncoordinated manner and the pits created by sand mining are not rehabilitated.

For the ministry to execute its mandate to protect the environment and achieve sustainable development, all projects deemed to have an adverse impact on the environment require an Environmental Impact Assessment (EIA), as per the country’s Environmental Management Act.

“Sand mining is one of such activities that require an EIA before it can be undertaken. Unfortunately, this legal requirement seems not to be understood by some communities in our country,” he said.

The ministry has since issued compliance orders to sand miners who do not abide by the requirements of the Environmental Management Act and who operate without the environmental clearance certificates.


 

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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.