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Colourful, joyous Buy-A-Brick acappella festival wins the hearts of locals

Colourful, joyous Buy-A-Brick acappella festival wins the hearts of locals

Standard Bank this week expressed deep gratitude to the people who attended or supported the Buy-a-Brick Acapella Festival held on Saturday, in Windhoek.

“We appreciate that people turned out in numbers, not only to celebrate good music by top local and visiting Acapella music groups, but also to contribute to the Buy-a-Brick initiative for building houses for Namibians in the no and low-income category,” said Standard Bank’s Head of Marketing and Communications, Magreth Mengo.

“We are also very happy to report that there were no major incidents that were reported during or immediately after the concert. We thus thank organisers and the sponsors, Kickstart Innovation, DB Audio, Air Namibia, Vulkan Ruine Tours, The Hilton Hotel, and WebTickets for making the event a resounding success and the music lovers for their good behavior which contributed to the overall success. We hope you had fun and we truly appreciate your efforts in helping the Buy-a-Brick Initiative grow from strength to strength,” she added.

Standard Bank also thanked all the a capella groups that put up excellent performances during the festival and we hope they will consider supporting such a worthy cause again if called upon.
The entertaining acts included Focus from Zimbabwe, The Soil and Soweto Gospel Choir from South Africa and from Namibia we had VM6, Collective Singers, Vox Vitae, and Broken Metronomes amongst others that gave outstanding performances.

“This was the first-ever Acapella Festival in Namibia and judging by the feedback received after the event, this was definitely not the last of its kind,” Mengo concluded.


Caption: South Africa’s Soweto Choir, performed an act befitting another Grammy at the first-ever Acapella Festival in Windhoek.


 

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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.