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Ecopreneurship is a viable way to stimulate the economy

Ecopreneurship is a viable way to stimulate the economy

By Desmond Kheibeb
Managing Partner Deneras Investments.

In the last few years it seems as we have created an unstoppable chain of events which have led to the issue of climate change becoming a challenge we may not be able face successfully.

Here in Namibia we see and feel the results every day.

Lack of rain, soil erosion, dying cattle and harvests which are not nearly sufficient to feed the nation and the drought is seemingly endless. This all has a major impact on our economy and we are constantly battling to save jobs, companies and try and make a living any which way.

The fact of the matter is though that these massive climate change challenges also brings with it opportunities for the right -minded entrepreneur. Just think of solar panels, water saving devices and even turning peoples’ lush lawns into water-wise garden.

There’s opportunities everywhere, you just have to be bold enough as an entrepreneur or as an ‘ecopreneur’ is you will. Ecopreneurship, according to Wikipedia; “is a term coined to represent the process of principles of entrepreneurship being applied to create businesses that solve environmental problems or operate sustainably. The term began to be widely used in the 1990s, and it is otherwise referred to as “environmental entrepreneurship.”

One of the major reasons we are facing the climate emergency is because we simply do not re-use, reduce and recycle where we can. This means that we often rather throw thing away, instead of seeing how they may be repurposed. In Namibia a good example of this wastage and a wasted money-making opportunity is the discarding of rubber tyres.

Recycled tyre rubber material, is used all over the world and is used for many different products. Industries that use recycled rubber or ‘black gold’ as it is often called, can create major cost and energy savings and in turn implement an environmentally clean way of getting rid of used tyres that would otherwise clog up a landfill.

The metal wire in the tyre, the rubber itself and the canvas that holds together the tyres can all be extracted and re-used. Imagine, people are just throwing good money away. As an ecopreneur we see it as our duty to take care of the planet, or at least our little spot that is Namibia, and by repurposing the tyres we can make a big positive environmental impact and make money at the same time.

The tyre recycling industry is widely accepted by Government departments as being environmentally friendly, and the process does not generate environmental waste or discharge.

There’s a myriad of uses for the granulated rubber from recycled tyres and it is already used throughout the rubber and plastic industry in the world. Some of the applications and uses are; Automotive components, tyres, building products, roofing materials, Coating and sealants, Containers for hazardous waste, shoes and shoe soles and various other products with new uses being developed constantly.

As an entrepreneur who prides himself on also being an ecopreneur as well it is my dream to never see a tyre on the side of the road again or in a landfill. People need to start seeing dollar signs when they see discarded tyres and bring them to collection points for recycling and re-purposing It is the way in which Namibians can make a little money whilst at the same time helping the planet and creating new business and employment opportunities locally. Truly embracing entrepreneurship and ecopreneurship.


 

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

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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.