Select Page

Increase in Illegal grazing and fencing derails million dollar devil’s claw business

Increase in Illegal grazing and fencing derails million dollar devil’s claw business

With the just concluded Devil’s Claw harvesting season for this year, harvesters in both the Nyae-Nyae Conservancy and N#a Jaqna Conservancy supplied just over 20 tons of dried Devil’s Claw, generating a direct income of just over N$1 million for about 500 harvesters.

However, while this income is substantial considering that this is one of the only potential sources of income for these communities, the increase in illegal grazing as well as the illegal erection of fences now threaten the income generating opportunities.

The Conservancies aired concern that the illegal grazing and the utilisation of other resources, such as firewood and water, in and around the settlement of Tsumkwe continue to be an issue for many years for the Nyae-Nyae Conservancy and Community Forest.

According to the Conservancies, the number of cattle and other livestock that are being corralled in Tsumkwe has ballooned from 10km radius in August 2017 to a 30 km radius in.

“The long-term potential negative impact of the illegal grazing by cattle, and the illegal fencing of farms on the Devil’s Claw resource, and its potential as an income generating opportunity for harvesters in both Nyae-Nyae and N#a Jaqna is considerable and needs to be addressed as a matter of urgency,” the Conservancies noted.

The Conservancies stated that resource management and the sustainable utilisation of these resources is one of the pillars of both of these conservancies and community forests, adding that in both of these areas much attention is paid to making sure that Devil’s Claw is sustainably harvested to ensure that harvesters can continue to benefit in years to come.


 

About The Author

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.