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Pay-tv rewards loyalists with business ventures

Pay-tv rewards loyalists with business ventures

Three loyal Gogetters, Diaz Matende, Geraldine Tjiveze and Mornay Nghumonollys were recently announced as the winners of the GOtv Win a Business competition. The three each walked away with a mobile kiosk worth N$70 000.

Roger Gertze, MultiChoice Namibia General Manger, congratulated all the winners and emphasized that MultiChoice Namibia seeks to enrich the lives of its customers, “The idea behind the GOtv Win a Business Competition was to give the winners a prize that is self-sustaining, that will enhance their lives and ease the burden in these tough economic times.”

The GOtv Win a Business Competition was launched in December 2016. Subscribers who stayed connected none-stop to GOtv between December 2016 and March 2017, were automatically entered into the draw. Winners were randomly selected from the central, western and northern regions of Namibia. The draws were conducted live on Radio Energy and Westcoast FM during the month of April.

Born and raised in Swakopmund, Mornay Nghumonollys is a self-employed consultant. The father of five who lives in Swakopmund’s Mondesa location, expressed his gratitude to GOtv for the mobile kiosk. He plans to use it to sell fish and chips as a way to supplement his income, “This is such a great prize, I can use it to make a living, my children will be very happy to hear that I won,” he said. Mornay has been a loyal GOtv customer and says his favourite channels are Kyk-Net and M-Net Action.

Originally from Windhoek, Geraldine Tjiveze is a CSSB Technician at the Ongewdiva Media Park Hospital. Geraldine could not contain her excitement when she found out she was a winner, “I am very happy, I have never won anything before, I am a mother of five and this will be a huge help to me.” Geraldine encouraged other Namibians to get GOtv, “GOtv is very affordable and there is something for everyone in my family,” she said.

Diaz Matende hails from Kavango East, he now lives in Rehoboth and works in construction. Diaz who was the first to receive his prize has already started using the kiosk as a business. The father of three was ecstatic when he heard he was a winner. He explained that the kiosk will benefit his whole family.

“I have already started using the kiosk, I sell kapana and cool drinks from it. This is a wonderful prize to win because it will support my whole family. The extra money will help me put my children through school, which means they will have a bright future,” he said.

GOtv offers a wide variety of genres for your viewing pleasure ranging from musical entertainment and movies, sport, lifestyle, documentaries, kids & teens, to religion, and news & commerce.

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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.