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I Am Me

Ricardo Amunjera has been chosen to represent the gay community for the next year when he was announced the new Mr Gay Namibia at a pageant last week.
The event took place at the playhouse theatre in Windhoek and was attended by 314  people all eager to show their support. With the theme “I am me” the event was filled with excitement and joie de vivre with the Lesbian, Gay, Bisexual, Transgender and Inter-sex community (LGBTI) ready to choose their next representative.
As a voluntary position, Mr Gay Namibia is expected to be the spokesman of the gay community. He is expected to advocate for LGBTI rights in social events, to raise awareness for gays and disparage all forms of homophobia. As part of his title year, Ricardo has to design and run a personal project, also directed at these objectives.
For the competition, the contestants are not chosen indiscriminately but rather undergo a series of adjudicatory stages before they are judged for the event. This year produced a shortlist of 11 candidates from which four finalists were chosen.
The event resulted in Ricardo Amunjera being the second Mr Gay Namibia succeeding the pioneer winner Wendelinus Hamutenya.
The idea of the event is to promote the activities of the trust, Out Rights Namibia (ORN). They promote human rights for the gay community. Despite the private sector support over the past year, the gay community still faces opposition from the government. “Homophobia is still big in Namibia” explains Joe Gerstmayr  who is the managing director of the event and the brainchild of the pageant. He further laments that the community faces discrimination especially without being properly represented in the current Constitution. Other than this, the community faces  severe challenges of funding.

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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.