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Ibero-American film festival entertains Windhoek for a whole week

Ibero-American film festival entertains Windhoek for a whole week

The Embassies of the Ibero-American community in Windhoek (Brazil, Cuba, Portugal, Spain and Venezuela), joined by diplomatic missions based in South Africa (Mexico, Colombia, Peru and Uruguay) this week announced the 6th edition of the highly awaited annual Ibero-American Film Festival.
The goal of the festival is to showcase Latin American, Spanish and Portuguese-made films. It also aims to promote intellectual and artistic communication on an international basis and especially to support the spreading of Iberian and Latin-American cinema worldwide.
The Film Festival screens movies from these nine countries, in their original versions with English subtitles. According to the diplomatic missions, this is an excellent opportunity to learn about and acknowledge first-hand the Ibero-American culture and history as presented through its cinema industry. Latin American cinema is both rich and diverse, exploring social issues as well as covering important themes throughout its movies, whose significance and artistic values contribute to enrich and reaffirm the Latin American and Caribbean cultural identity.
The festival starts at the Franco Namibian Cultural Centre cinema at 18h00 on Monday 08 August with an opening ceremony and a mood-lifting, joyful film from Portugal titled O Pátio das Cantigas (The Courtyard of Ballads).
“Join us throughout the festival all week round with screenings every evening, and on 13 August for the final screening of a Cuban movie and the closing ceremony of the festival” invited the organisers. The programme comprises a showcase of contemporary world cinema from the participating countries. Log onto their website and social media to browse each films synopsis.

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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.