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Sam Nujoma Stadium to host Debmarine Cup Last 8

Sam Nujoma Stadium to host Debmarine Cup Last 8

The 2018 Debmarine Namibia Cup quarterfinals on Friday and Saturday will take place at the Sam Nujoma Stadium in Windhoek.

Top premeier lseague teams that include African Stars, Eleven Arrows, Unam , Black Africa, Golden Bees, Blue Waters, Tura Magic and Civics booked a spot in the quarterfinals.

Based on the draw conducted last weekend, Civics and Tura Magic will now faceoff on Friday night football at 19h00 and on Saturday there more games will be played. At 15h00, Golden Bees will confront Black Africa before UNAM and Blue Waters clash at 17h00. The final quarterfinal match will be between Eleven Arrows and African Stars at 19h00.

Entrance tickets for this weekend’s action are available on Computicket for N$ 30 each. The winners will advance to the semifinals to be contested on 12-13 May to decide the last two sides to meet in the Final on 26 May 2018.

The overall winners will walk away with a cheque worth N$500,000 while the losing finalist receives N$ 250 000 and each losing semi-finalist gets N$150,000.

All individual awards will amount to N$95,000, that includes N$2000 for the best player of every match leading up to the final. Each Man of the Match also get to choose a charity organization of his choice that will receive N$ 2000 from Debmarine Namibia as part of giving back and enriching lives beyond the field of play.


 

About The Author

Sport Contributor

The Economist does not have a dedicated sport reporter. This designation is used for several contributors who want their sport stories in the Economist. Experience has taught us that companies usually want their sport sponsorships published prominently, being the reason for a sports category. It now also carries general sport items but only those with direct Namibian relevance. - Ed.

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.