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Warehouse Theatre far from reaching N$3 million target to keep it’s doors open

Warehouse Theatre far from reaching N$3 million target to keep it’s doors open

The Warehouse Theatre Management in efforts to save the iconic premier live performance venue from closing, commenced with a crowdfunding initiative titled, #keepWarehouseTheatreWindhoekOpen.

Mike Ott, Manager at the Warehouse Theatre said they need at least a minimum of N$3 million to keep their doors open and to date they have raised EUR1, 470 on a go fund me page and approximately N$15,000 via, and donations at the Warehouse Theatre.

“We appreciate the support we received for the first of our Crowdfunding Festivals as well as the thousands of social media engagements that reflect people’s willingness to keep the establishment we love open, however, we still look forward to seeing it translate into donation,” he explained.

He urged the public to keep engaging with the theatre by supporting the events hosted by the establishment so that they not only raise funds to escape economic woes, but to sustain the venue that is loved by making it part of people’s lifestyles.

“The most amounts that we have received are EUR300 via and N$2000 via and the campaign has been scheduled to run for 6 months but the time frame is extendable,” he concluded.

The Warehouse Theatre has promised to engrave the names of those who donate more than EUR500 on a Namibian marble plaque, which they will put on the Wall of Fame.

The Warehouse Theare opened its doors in 1989 and it has been a home to local artist and providing a platform for them to showcase their talents through out the years.


About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.