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Zeraeua crowned chief of the OvaHerero community in the Erongo region

Zeraeua crowned chief of the OvaHerero community in the Erongo region

Chief Manasse Zeraeua of the Zeraeua Traditional Authority was officially crowned chief of the OvaHerero community in the Erongo region at a ceremony which was attended by close to 700 people, a fort-night ago at Omatjete in the Dâures Constituency.

The coronation came as a result of the Zeraeua Traditional Authority’s successful application to Dr. Peya Mushelenga, the Minister of Urban and Rural Development, which was approved, making Zeraeua the rightful heir to the Chieftainship of the Zeraeua Traditional Authority.

“Having come to the end of a very painful period in which we lost my father, Chief Christian Eerike Zeraeua, followed by a period that divided our traditional community as a result of ugly hustles, jostles and shoves in the protracted process of my designation as the rightful heir to the Chieftainship of the Zeraeua Traditional Authority, it is now time to thank the benign parent of the human race for gracefully bringing this chapter in our history to its logical conclusion,” said Chief Zeraeua.

The coronation ceremony was conducted by Chief Joel Stephanus of the Vaalgras Traditional Authority and was graced with the presence of Minister of Urban and Rural Development, Dr. Peya Mushelenga; Deputy Minister of Urban and Rural Development, Derek Klaasen; a number of traditional leaders as well as other government officials.

According to a statement issued this week, the coronation was marked by an unforgettable cultural experience including cavalry and infantry troops drilling, battle cries and warrior songs, omuhiva traditional dance, and Oviritje performances by local renowned musicians.

At the same occasion, the recently build headquarters of the Zeraeua Traditional Authority was inaugurated by Minister Mushelenga.

According to Chief Zeraeua, the way forward requires dedicated efforts to the development and advancement of the community and people in pursuit of their happiness.

“This will once again require selfless dedication and unparalleled commitment from all of us. It will require wisdom, creativity, innovation, unity of purpose, hard work and leadership to envision a desirable future state in which our people can pin their hopes for a better tomorrow,” he added.

The Chief called upon all of the members of our community to rise to the occasion and join him in making that future possible for the people.

“Our land is endowed with natural resources and is fertile enough to feed ourselves and generate wealth for all of us,” he concluded.


 

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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).

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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.