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Drought-hit Kavango West receives much needed humanitarian assistance

Drought-hit Kavango West receives much needed humanitarian assistance

Drought-ravaged region of Kavango West recently received much-needed emergency food assistance provided by the Chinese government via the World Food Programme (WFP).

Around 1,300 metric tons of food were handed over to the region and it is expected that the donation will assist 77,400 people, many of whom are vulnerable women and children.

Speaking at the hand-over ceremony in Nkurenkuru, Chinese Ambassador to Namibia, Zhang Yiming said they secured US$1 million worth of food assistance under China’s South-South Cooperation Fund, which is being implemented by the WFP.

“I am aware that the current relief programme by Namibia can only provide 14% of the daily calories needed by each person, and the implementation of this programme will lift this proportion to 60 %,” he added.

Zhang said that he visited some affected areas and saw the devastating impact inflicted on agriculture by the ongoing drought and its negative impact on the region’s economy at large.

“The consequent shortage of food is posing a huge threat to the lives of many local people affected and becomes the utmost concern faced by the government,” he said, adding that he is confident that the programme will be implemented as planned.

Nkurenkuru Constituency Councillor, Damian Nakambare, in her opening remarks said the donation which included basic food commodities like maize meal, cooking oil and salt is set to assist the hardest-hit households in the area.

“This is the third donation so far we have received from China since the declaration of the drought by the president,” she said.

Nakambare on behalf of the Namibian government thanked China for the continued support during the difficult time and hopes the two countries can further strengthen the areas of disaster risk management system and capacity and resilience building so that communities can be able to fend themselves in future amid the disaster calamities.

The WFP Country Director, Bai-Mankay Sankoh said China has been a substantial donor to the WFP in the fight against hunger and is among the top donors in the Southern African region.

According to Sankoh in 2019 alone China has contributed a total of US$21 million dollars for humanitarian intervention to different governments in southern Africa through the WFP programme.

“These are very significant contributions towards the achievements of ending hunger,” he added.


 

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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.