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Only one third of water left in dams – Meatco

Only one third of water left in dams – Meatco

NamWater announced that all the dams in the country were 33.6% full at the beginning of this month, meaning there are 234,071 million cubic metres of water available, according to a Meatco’s webpage.

Last year, during this period about 296,484 million cubic metres (41%) of water was available countrywide. At the moment, the Naute Dam in the south holds more water (83,465 million cubic metres) than the Hardap Dam (82,799 million cubic metres).

The Hardap Dam at Mariental can store up to 294,593 million cubic metres of water. This means that the available water in all dams would not fill the Hardap Dam, hence, if all 17 dams in the country are full, they store 695,984 million cubic metres of water.

On 4 March, NamWater announced the current percentages for the various dams compared to percentages during the same period of 2018 are as follows: Swakoppoort Dam 18.3% (2018: 38%); Von Bach Dam 47.3% (52.3%); Omatako Dam 0.6% (0.9%); Friedenau Dam 29.5% (26.4%); Goreangab Dam 100.2% (97.7%); Otjivero Dam 4.1% (11%); Otjivero Silt Dam 0.0% (0.0%); Tilda-Viljoen Dam 4.3% (36.3%); Daan-Viljoen Dam 4.2% (26.1%); Hardap Dam 28.1% (49.4%); Naute Dam 99.9% (72.9%); Oanob Dam 53.9% (68.2%); Dreihuk Dam 1.1% (9.9%); Bondels Dam 0.0% (0.0%); Olushandja Dam 20.2% (20.2%); Omaruru Delta Dam 0.0% (0.0%) and Omatjenne Dam 0.0% (0.0%).


 

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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.