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Legendary Stimela to perform in Namibia

The members of Stimela who will stage their special show on 30 May 2015 at the MTC Trey Songz concert.

The legendary South African Afro-fusion band called Stimela will be performing at the MTC Trey Songz concert on 30 May 2015. Stimela is part of the line-up of performances which includes the yet to be announced Best Male and Female Artist of the Year at the NAMAs 2015.

Stimela has been existing since the 1970s, having started out as instrumentalists, but evolving into a vocal group later on. The mid 80s heralded a moment in the band’s history that will forever be a contentious point of debate, the era of Paul Simon and the album Graceland. In his quest to revive his flagging career, Simon was in search of salvation in Southern Africa and picked Ladysmith Black Mambazo, Miriam Makeba, and Hugh Masekela for the Graceland tour to Zimbabwe. A member of Stimela, Ray Phiri was the arranger and guitarist for the tour, fusing western folk sensibilities with authentic African sounds.
This project was not without its controversy with Simon accused of ignoring the cultural boycott and Phiri’s song “Crazy Love” not credited to him. Despite this, Phiri who was philosophical about the perceived betrayal and Isaac Mtshali, toured internationally with Graceland between 1987 and 1990, returning periodically to record with Stimela.
Eight years after reclaiming their considerable space on the performance circuit and after much cajoling and investments, Stimela reunited in Polokwane to record a new album, A Lifetime. This is their first offering since the dawn of democracy and features some illustrious guest in the shape of New York-based South African bass Bakiti Khumalo, Thandiswa Mazwai, Puff Johnson and Ladysmith Black Mambazo.
“The songs chose who was going to play them If there was a guitar player that was going to play it better than me then why not get them to play? So we called in other musicians,” said Phiri about the project.

 

Tickets are available at Computicket outlets countrywide. VIP tickets sell for N$800, Golden Circle tickers for N$400 and Standard tickets for N$150.

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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.