Select Page

Lusese Conservancy to develop flood relief centre

Lusese Conservancy to develop flood relief centre

The Lusese Conservancy located in the Zambezi region received funding of over N$4.4 million from the Environmental Investment Fund for the development of a flood relief centre.

The project will benefit a total of 40 000 people and 11 villages in the flood plain for relief during a flood period. A total of 44 jobs will be created and 24 will be females.

According to the Environment Investment Fund, the materials for the structures will be locally sourced which ensures efficiency and effectiveness and contribution to the local economy as money used to procure materials will stay within the Namibian economy.

The ground-breaking ceremony of the centre held on 24 November was officiated by the Minister of Environment and Tourism, Pohamba Shifeta, who said urged the Conservancy to monitor the project implementation and ensure that its monitoring is embedded in the management directives.

“Integrated flood management as identified by the Lusese Conservancy will greatly aid in flood relief. The existing flood relief facilities are posing health and sanitation risks to the community. The infrastructure to be established at the Lusese village will be evidence of innovative and affordable interventions to address the climate change induced risks,” Shifeta said.

The minister further instructed the Environmental Investment Fund of Namibia to exert efforts in mobilizing more financial resources for other regions so they too can benefit from these interventions.

The centre was officiated under the ‘Empower to Adapt project: Creating Climate-Change Resilient Livelihoods through the Community Based Natural Resource in Namibia project.

The Lusese Conservancy Project aims to strengthen adaptive capacity, and reduced exposure to climate risks of vulnerable communities, infrastructure, and the built environment in the Eastern floodplains of the Zambezi region.


 

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.