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Music Awards entries confirmed

Music Awards entries confirmed

With the Namibia Music Awards (NAMA) slated for the first week in May, the judges will have their hands full to sift through the more than 400 entries that qualify for the awards. The cut-off date for entry submission was 05 December 2015. Entries had to be accompanied by the finalised recording of performance material.
A total number of 609 entries were received as entrants for eligibility for Namibia’s premier musical awards ceremony by the 2016 NAMA Steering Committee. Of these early submissions, a total of 199 were disqualified, leaving the remainder of 410 as duly qualified for further processing by the judging panel.
The major reason for disqualification related mostly to the material submitted. These are duplicate entries, failure to deliver the physical copies as part of the entry requirement, previous release material (old songs) converted into new songs via means of remixed version and re-submitted, songs entered into the wrong categories and songs that were not listed on the albums as stated in the entry submissions
The Steering Committee consisting of independent industry experts met behind closed doors for an entire week from 04 to 09 January 2016 to go through each and every entry to ensure it complies with the rules. For the whole week their duties were to ensure compliance with the adjudication rules. The panel had to review and verify adherence to the rules as indicated in the official rules and regulations for the NAMA.
Of the 410 qualifying entries, the most contested categories in terms of the number of vetted entries are, Best Single with 77 entries, Best Collaboration with 67 entries, Best Music Video with 46 entries, Best Afro-Pop with 31 entries, Best Rap with 24 entries and Best Gospel with 20 entries. The NAMA Executive Committee will in due course announce the names and identities of the judges whose task will be to listen to each of the 410 qualifying entries and judge them based on artistic ability, creativity, production and entertainment value.
The 2016 NAMA’s will take place on the 6 and 7 May 2016 and the venue will be announced in due course.

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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.