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Community Conservation Fund of Namibia successfully launched

Community Conservation Fund of Namibia successfully launched

The launch of the fund aimed at reducing the community based natural resources management (CBNRM) sector’s dependence on external donor funding support, the Community Conservation Fund of Namibia (CCFN) was successfully held this week.

The organization was established as a sustainable funding mechanism to ease the problem of limited funding, creating a sustainable finance framework for a suite of important long-term support services to conservancies and community forests.

Funding windows of the CCFN would be the Minimum Support Packages (MSP) which aims to provide critical support services throughout the lifespan of the individual conservancies, the Payments For Eco-Systems, which would reward custodians who take care of the environment, as well as the Human Wildlife Conflict, which promotes sustainable co-existence between humans and wildlife.

Speaking at the launch in Windhoek, the organization’s CEO, Mr Tapiwa Makiwa emphasized the importance to capitalize the CCFN Endowment Fund from all sources as this creates the much needed basis of a readily available pot of funds that can be wisely invested and used according to the needs of the programme into perpetuity.

He noted that the CCFN had equipped itself with a not only a sound Investment Strategy but also a team of expertise from local and international investment firms that would ensure that the Fund is a success.

As part of CCFN’s Human Wildlife Conflict funding window the Government of the Federal Republic of Germany via the KfW Development Bank, announced the inception of a N$ 72.5 million grant for Human Wildlife Conflict (HWC), specifically targeted at communal conservancies in Namibia.

The government through the Ministry of Environment and Tourism, CCFN and other partners has also committed various contributions to the project, to ensure that the project is a success.

The Minister of Environment and Tourism, Pohamba Shifeta, who officially launched CCFN said the Fund creates an enabling platform which enables fellow Namibians to collectively bring together resources and contribute to their own cause and invest in the future of generations to come.

“I would also like to challenge the local Namibian population and corporates to play their part in these common endeavours. A well-balanced eco-system coupled with rural development is a benefit to all Namibians,” he urged.

Additionally, he appealed to various potential contributors to follow the example set by the German Government in supporting the CCFN, its work and the conservation drive of Namibia. Echoing the sentiments shared by the CCFN CEO, the Minister urged all local and foreign interested parties to consider supporting the capitalization of the Endowment Fund so as to entrench the CBNRM Programme’s sustainability and preserve is success.

The German Ambassador Herbert Beck said, Namibia is one of the leading countries in Africa when it comes to the management of its natural resources with and for the benefit of the people. He however, recognizes the challenges and needs for further support: “While it is a pleasure to take the lead in supporting this new funding instrument of the CCFN, it is evident that more money is needed in order to ensure the long-term sustainability of the fund and the programs it supports. I therefore take this opportunity today to encourage other bilateral and multilateral partners as well as the private sector to invest in Namibia´s Community Conservation by supporting the CCFN.”

The HWC project is expected to run for four years and the targeted beneficiaries are the registered communal conservancies mainly in central, west, east and northern Namibia, Kyaramacan Association and their members, who are negatively impacted by HWC caused by key species such as lion, elephant, hyena, wild dog and crocodile.

The total number of conservancies is expected to reach a ceiling of approximately 90-100 within the next 3-4 years, while more and more of the currently registered conservancies are reaching levels of financial sustainability as their wildlife populations recover and partnerships with private sector prosper.

The Chairperson of the CCFN board Mrs Hilma Weber gave a vote of thanks to WWF Namibia for funding CCFN’s inception and operational cost.” You took part of the financial burdens in ensuring that CCFN was born and nurtured into a fine organisation. Your technical and financial support is highly cherished” she noted. In the same vein she thanked the WWF US office, the WWF network in general for the support and the commitments they have made to support Namibian CBNRM and the CCFN. Appreciation was also given to ACACIA for the initial seed funding of US$ 1 million for the endowment Fund.

Lastly, she expressed gratitude to resident corporates such as Pointbreak and FNB that had led the way locally in supporting the Fund’s launch and urged fellow local corporates to join in.


 

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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.