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Mellow tunes at Goethe

Erna Chimu, a local Afro-Jazz singer, is set to rock the stage at the Goethe Centre this Friday. (Photograph contributed)Afro-Jazz singer, Erna Chimu, will grace the stage at the Goethe Centre this Friday. The talented artist will entertain the crowd with her fusion of Afro-Jazz, and will be joined by an equally talented artist, Flora.
Erna has been in the Namibian music industry for a while and has shared the stage with the likes of South African Jazz artists, Lira and Sipho ‘Hotstix’ Mabuse. She performed with the renowned artists at the Old Mutual Jazz Encounter in 2008. Erna also performed alongside the famous band, Freshly Ground in 2010 at the Old Mutual Jazz Encounter. She was also second runner up in the 2010 ‘Last band standing’ competition.
Erna was part of reggae force, Shemyetu but in 2007, decided to embark on a solo career.
She finally got recognition for her hard work when she won the award for the Best Traditional song at the 2011 Namibian Music Awards for ‘Telewaniba’ from her album ‘Imamakunguwe’.
The singer’s overwhelming desire to bring the Damara-Nama language back on stage in a way that will be understood is the one that led her to her own fusion of Afro-Jazz.
For a jazz filled evening with mellow tunes and a mature splash of Damara-Nama music, jazz lovers should make their way to the Goethe Centre. The concert starts at 19h15. Entrance is N$40.

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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.