Select Page

NAMA excitement as entries increase

Tim Ekandjo

This year’s NAMA entries have increased by 271  from last year’s entries, according to Tim Ekandjo, Executive Chairman of the NAMAs. “This year, the entries for the NAMA awards reached a total of 835 entries. This bears testimony to the confidence the artist have in the professionalism, transparency and fairness of the NAMAs,” said Ekandjo. A total of 246 artists entered themselves voluntarily in the different available categories, while a total number of 377 albums were entered.

“Exactly four years ago when we announced that all entries must now be on an album, we had a lot of resistance and skepticism that this rule will lower the number of participants, but the figure of 377 albums bears testimony that the music industry has been very busy and that the NAMAs have encouraged album releases,” he said. Ekandjo further stated that a total number of 103 single albums were entered competing for Best Single category while a total of 100 newcomers entered for this year’s awards. “These figures are encouraging, and reassures the entire NAMA organizing team to work even smarter to make this platform worthwhile for our artists.” The next step is for the steering committee comprising industry experts and representatives from different record labels who volunteered, to start with the vetting process to check whether all 835 entries comply with the rules and regulations of the NAMAs.Ekandjo said, “if the entry does not comply with any of the rules it is the prerogative of the Steering Committee to disqualify the entry, which means it will not even reach the judges.” He said the seven public voting categories are still open for public voting. They have received a total of 3507 SMS votes so far with the Song of the Year category getting the most votes. This is followed by the Entertainment Journalist of the Year, then the Most Disciplined Artist, Most Popular Artist, Entertainment DJ of the Year, Best Live Performance, and Best Musical Event. He reminded music lovers that the public can still vote until March. The NAMAs will take place on 1 and 2 May 2015. The town and venue that will host the awards will be announced in the next two weeks.

About The Author

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.