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Meatco Foundation charts way to help NCA farmers

Farmers in the Northern Communal Areas stand to benefit from the Meatco Foundation’s support to a strategic plan to increase red meat production from the regions excluded by the Veterinary Cordon Fence. Satellite feedlots will form a key component of this long-term strategy.

Farmers in the Northern Communal Areas stand to benefit from the Meatco Foundation’s support to a strategic plan to increase red meat production from the regions excluded by the Veterinary Cordon Fence. Satellite feedlots will form a key component of this long-term strategy.

The Meatco Foundation recently launched an initiative aimed at bolstering farming in the Northern Communal Areas. This long-term strategic plan sets out to improve livestock to afford farmers north of the Red Line access to conventional marketing channels. The initiative is anticipated to improve the livelihood of farmers.
Kingsley Kwenani, Chief Executive Officer of the Meatco Foundation gave an overview of how the initiative would be implemented. “The project is composed of different sectors and each sector is implemented differently.

The Sustainable Range Management part will be implemented by the IRDNC(Integrated Rural Development and Nature Conservation) and the other sectors like commercialisation by the NCA procurement team. Project monitoring will be done at different levels at the implementation site, by different levels at Meatco and by the Meatco foundation who is coordinating the project.”
“For Ekwatho there is a set of criteria where farmers will have to apply through the procurement officers and then their land is assessed if they qualify. For range management areas, the areas of Okongo and Otjitjekua were selected based on the land degradation and willingness of the traditional leadership. The criteria again is that the procurement engages with the community leadership who then organise a community meeting and then from there potential beneficiaries are selected based on their knowledge of livestock management. It should be noted that these areas are regarded as pilot areas and the same ideas will be replicated to other areas,” said Kwenani.
“The plan is to source for more funds to continue with phase two of the project. The planned objectives will not be fully realised due to the current drought situation in the country which still persists to date. At this stage, funding is only available for three years,” added Kwenani.
The project will cost approximately N$ 7 million and already started in May 2013 and should be completed by October 2015. The Danish Coop is expected in the country next week to monitor the progress. The project will be carried out in Otjitjekua in the Omusati Region, Omuramba in the Kunene Region, Okongo in the Ohangwena Region and Mangetti Farms in the Kavango West Region. Approximately 2400 small communal farmers are expected to benefit from the project.

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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.