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Music Circle presents Erna Chimu

NAMA award winner, singer and songwriter Erna Chimu will perform at the Bank Windhoek Music Circle this weekend.

NAMA award winner, singer and songwriter Erna Chimu will perform at the Bank Windhoek Music Circle this weekend.

Just when we all thought that the joy of jazz had ended last week at the successful Windhoek Jazz Festival the Bank Windhoek Music Circle proves us wrong. Renowned songstress Erna Chimu will perform at the Bank Windhoek Music Circle at NICE Restaurant this Saturday.
The artist has seen her traditional music appeal rise internationally. Organisers of the show say Erna is set to wow the crowd with her melodious voice. Erna’s style of music infuses a mix of Khoe-Khoe and Herero twang delivered in a flawless fashion that leaves listeners begging for more. Some of her popular songs include ‘Telewaniba’ and ‘You were my only lover’. She is currently hard at work producing her second album, assisted by Christian Poloni of Cabanon Music. She says the forthcoming album is guaranteed to ‘spin some heads and move some toes’. The songs in the new album will have a traditional sound throughout and are sung in Lingala, English, Khoe-Khoe, Afrikaans and Herero.
Saturday evening is Erna’s last performance before leaving for Yaounde, Cameroon, where she will take part in the Le Kolatiere African Music Market. She is accompanied by Gerson Doeseb on keyboard, Sam Batola on guitar, Guichont Bikoumau on percussion, Jean-Pierre ‘Jipe’ Ntsika on bass and Lebo Motabeng on drums.

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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.