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Namibian fine gold captured in exquisite collector’s bars for rhino protection

Namibian fine gold captured in exquisite collector’s bars for rhino protection

Canadian gold major, B2Gold has taken a tangible step to set up a capital fund of which the investment returns will be used for the protection of rhinos. In addition, immediate financial support will be provided to rhino conservation groups and to communities who are actively involved in rhino protection.

The source of all this funding is an ingenious scheme launched this week by B2Gold with the mint of a thousand collector’s gold bars, each containing either half an ounce, or one ounce, or one and a half ounces of fine gold. The proceeds from the gold bar sales will serve as the financing source for the entire ambitious project.

“With this donation, B2Gold is producing 1,000 limited-edition Rhino Gold Bars that will be available for sale to investors. On the reverse of the bar a black rhino cow and calf are represented – symbols of hope for the future of the species. The obverse shows the Namib desert – an evocative and recognizable image strongly associated with Namibia. Bars will be sold at the spot price of gold on the date of sale plus a 15% conservation premium. Bars will be available in 500g, 1 ounce and ½ ounce denominations. The monetary value of the donation is around N$25 million,” stated B2Gold earlier this week at the launch ceremony.

Mark Dawe, Managing Director and Country Manager for B2Gold Namibia and keen conservationist, explained that proceeds from the sale of the Rhino Gold Bar will be managed by B2Gold and an Advisory Committee that includes representatives from the Save the Rhino Trust Namibia, Integrated Rural Development and Nature Conservation, Namibia Chamber of Environment, and the Ministry of Environment and Tourism.

“The funds will be used in two ways: A portion of the proceeds will be invested to provide long-term sustainable financing for black rhino conservation, while significant funding will be applied immediately to conservation actions in the field, including support for patrols, intelligence activities, and to rural communities for whom the protection of rhinos is their birthright,” he continued.

Clive Johnson, President and Chief Executive of B2Gold Corporation stated that they are redefining conservation financing. “The donation represents the first time that gold, a natural resource from the ground, is being used to provide sustainable funding to community-backed initiatives for the protection of the iconic black rhino.”


Caption: Announcing the extraordinary approach to rhino conservation, B2Gold Country Manager, Mark Dawe (behind the podium) is joined by, from the left, Board Chairman, Dr Leake Hangala, President and Chief Executive of B2Gold Corporation, Clive Johnson, Chief Executive of the Save the Rhino Trust, Simson Uri-Khob, IRDNC delegate, John Kasaona, the Deputy Minister of Environment and Tourism, Hon Bernadette Jagger, and Presidential Advisor, Inge Zaamwani-Kamwi (on the right).


 

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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.