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SADC regional energy framework needs revision – Energy Minister

SADC regional energy framework needs revision  – Energy Minister

The Southern African Development Community (SADC) is challenged with security of supply in the energy and water sectors, which prompts for the review of the regional energy framework in order reflect the current challenges and opportunities that will guide the region’s energy future, Minister of Mines and Energy, Tom Alweendo said.

Alweendo, who delivered the keynote speech at the 38th Joint Meeting for Ministers responsible for Energy and Ministers responsible for Water last week in Windhoek, noted that it is evident that demand for water and energy is increasing and will continue to increase in line with the region’s developmental strides but also due to the ever changing climatic conditions.

“The impacts of climate change are becoming more evident and detrimental as seen by the recent cyclones, flooding and prevalent drought in the SADC region during the past rainy seasons. The effects of extreme climatic conditions threaten our livelihoods; water, energy and food security in the region,” Alweendo stressed.

Saying that the security of energy supply is threatened, Alweendo explained that aging fossil fuel plants have come to the end of their lifespan and need to be decommissioned. He further stressed that financing for fossil fuel plants has dried up or comes with stringent conditions attached.

“The age of an environmentally conscious consumer coupled with availability of alternative technologies necessitates us as leaders to make more radical sustainable choices to bring in new and sustainable infrastructure as well as upgrade our existing infrastructure,” Alweendo said.

Alweendo noted that if global warming is to be kept below 2° Celsius, an integrated approach is needed to face challenges, adding that the region has to stay abreast not just on regional trends but also international trends to prepare itself for the future.

The minister thus called on the SADC Secretariat to put all their efforts in concluding the revision of the Protocol on Energy of 1996, the Regional Indicative Strategic Development Plan (RISDP) and the Regional Gas Master Plan, amongst others.


 

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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.