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Conservation Fund projects to be officially launched

Conservation Fund projects to be officially launched

The Community Conservation Fund of Namibia (CCFN) and the Human Wildlife Conflict (HWC) projects will be launched this week at the Namibia Institute of Public Administration.

The Fund in a statement said that the projects are expected to run for 4 years and the targeted beneficiaries are the registered communal conservancies mainly in Central, West, East and Northern Namibia and Kyaramacan and their members, who are negatively impacted by Human Wildlife Conflict.

“Over the last few years Namibia has seen an increase in Human Wildlife Conflict incidents which if unaddressed will threaten the prevailing harmonious coexistence of wildlife and communities in these rural conservancies,” the statement said.

According to the Fund they have secured EUR 5million, with the assistance of the Ministry of Environment and Tourism, from the KFW Bank for the institution of a EUR 6.85million project targeted for the establishment of the establishment of sustainable Human-Wildlife-Conflict management systems in Namibia’s communal conservancies that will in turn contribute to biodiversity conservation and rural development.

The Community Conservation Fund of Namibia was founded from the recommendations of a National Task force that had been established to look at ways of securing the long term sustainable financing of Namibia’s Community Based Natural Resource Management Programme.

Currently they focus in areas that have been identified as HWC, Minimum Support Packages (MSP) and Payments for Environment Services (PES). The organisation was resisted in 2017 under and are ready to officially launch and start working on its areas of focus.


Caption: (File) Third-year student in Natural Resource Management at the Namibia University of Science and Technology (NUST), Ruben Angala setting up trail camera


About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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.