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Windhoek Oktoberfest beckons – Brewmasters to quench your thirst

Windhoek Oktoberfest beckons – Brewmasters to quench your thirst

The annual Windhoek Oktoberfest which is in its 59th edition is ready to host another eventful celebration of culture, and appreciation for diversity with an exciting programme this coming weekend on Friday 27, and Saturday, 28 October.

The Sport Klub Windhoek (SKW) will be the host to more than 5000 people that attend the event every year.

According to member of the Windhoek Oktoberfest organising committee, Christin Obst, this year’s event, as per the norm promises to deliver the rich cultural experience in fun and entertainment it has become known for

“We have a second band in store for our guests to the Windhoek event, apart from the world-class entertainment band – the Kirchdorfer – straight from the original Oktoberfest in Münich, Germany. Namibians and other guests can also look forward to the Windhoek Oktoberfest as we know it – the fun Bavarian traditional games; the special ‘Festbier’ brewed specifically for the Windhoek Oktoberfest, and the delicious Bavarian cuisine,” said Obst.

According to NBL those who bought tickets to the Windhoek event before 27 October also stand a chance to win a return flight for two from Windhoek to Münich, Germany courtesy of Eurowings on their 1st inaugural flight on 8 May 2018.

The winner of this prize will be announced at the opening of the event on Friday, 27 October. Tickets are still available for purchases online at www.webtickets.com.na or at any Pick n Pay (PnP) store.


 

 

About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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.