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NAMA’s return to Windhoek

NAMA’s return to Windhoek

The Namibian Annual Music Awards (NAMA) will be held in Windhoek this year after taking place in Swakopmund for the last two years.
This was announced at the NAMA nomination launch on Wednesday at NICE Restaurant, where the music industry and its partners came together to find out who got nominated as well as pledge their sponsorships towards the event.
Tim Ekandjo, Chief Human Capital and Corporate Affairs Officer at MTC confirmed that the NAMA’s will be held in Windhoek but that the dates have changed to the 29 and 30 April 2016.
“The Industrial Awards taking place on 29 April will take place at the National Theatre of Namibia (NTN) and the main event on 30 April 2016 at Ramatex, in Windhoek’s Otjomuise Suburb,” he confirmed.
The nominees in the bigger categories are for Best Female Artist of the Year, Ann Singer, Chikune, Female Donkey, Freeda, Sanet Lambrechts and Treasure, in the Best Male Artist of the Year category are Big Ben, Exit, LMPC, The Dogg, Swart Baster and Valentino. The winners of these categories will each win N$100,000 and will receive a brand new car and will keep the vehicles permanently.
In the category Best Song of the Year, the nominations are Gazza with Oshimaliwa, The Dogg with Shuukifa Kwii, Oteya with Choma, Kalux with Ayeeko and Sally with Kukutika and in the category Best Album of the Year the nominees are; Ann Singer for Bulletproof, Big Ben for Back to the Basics, Chikune for In with the New, Exit for Black is Boss and Freeda for Chronicles. The winners of these categories will each receive N$50,000.
Tim also announced that besides NBC broadcasting the Awards live they will also broadcast it in HD and that MTC and NBC have signed a new 3 year contract to work together on the Awards.
“We would also like to thank all the sponsors and a total amount of N$2.3 million in cash and N$2.6 million in kind has been sponsored by corporates for the 2016 NAMA’s and MTC has invested N$5.7 million, which makes the total investment in this years Awards N$8.5 million,” he said.
“The NAMA’s exist to honour and celebrate the Namibian music industry and reward artist and the talented in the industry by acknowledging their contribution towards arts and culture in the country,” concluded Ekandjo.

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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.