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Session to improve the governance and sustainable use of African mineral resources and related infrastructure concluded

Session to improve the governance and sustainable use of African mineral resources and related infrastructure concluded

Namibia recently hosted the 4th PanAfGeo session, a 3-year project which supports the training of geoscientific staff from African Geological Surveys through the development of an innovative training programme.

A group of 21 professionals from 13 African countries completed a two-week course on Geoscientific Information Management at the Geological Survey of Namibia in Windhoek, last week.

The capacity building session was jointly organized by the French Geological Survey and the Geological Survey of Namibia.

According to the Ministry of Mines and Energy, the experts from across Africa received interactive learning through lectures and practical digital exercises on the methods, approaches, tools, procedures and requirements for building 3D geological models in multi-layer contexts.

Furthermore, the trainees acquired state-of-the-art tool kits that contained methods and field work from eight geoscientific domains: geoscientific mapping, mineral resources assessment, artisanal and small-scale mining, environmental management of mines, geohazards, geoheritage, geoscientific information management, communication and promotion, the ministry added.

“The overall objective and impact of PanAfGeo was to improve the governance and sustainable use of African mineral resources and related infrastructure,” the ministry added.

The ministry said the outcome of the session strengthened the knowledge and skills in Africa’s mining sector and specifically of African Geological Surveys, to enable them to contribute in their respective countries.

The PanAfGeo cooperation provides up to 50 training sessions to some 1500 geoscientists coming from all African countries. This program worth 10.3 million euros is co-funded by the European Commission.


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Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.