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Presidency calls media ‘witch hunt’

Presidency calls media ‘witch hunt’

The State Secretary Dr. Alfredo Hengari in a statement issued Thursday said the media is tarnishing the image of the country and the President HE. Hage Geingob, ahead of the Presidential and National Assembly elections slated for 27 November, by ‘spreading disinformation to influence voters.’

Hengari said that it is now apparent that during the current election season, Namibians are curiously bombarded with negative and largely distorted articles coinciding with a time when they must take a decision about the candidate and political party of their choice.

“The proliferation of articles seeking to tarnish the name of the President by foisting it by hook or crook in reports is not innocent. The ‘Fishrot scandal’ and the Kora Awards are, in a calculated manner, timed to influence the outcome of the elections, with more reports expected to be released ahead of 27 November 2019. The President has been asked to respond to questions on the Kora and ‘Fishrot Scandals’, to which responses have been meticulously and exhaustively provided on several occasions to domestic and foreign media. Disturbingly, some questions are deliberately submitted late, with the script already written and predetermined,” he said.

On the Kora Awards, a matter which is sub-judice, Hengari noted further comment by the Geingob can be viewed as undue influence on the pending Court proceedings. Hengari further stated that the peace and stability Namibians enjoy should be cherished as a precondition for their prosperity, adding that attempts through disinformation campaigns by media houses to tarnish the image of the country and the President are counterproductive.

“Corruption in Namibia is not systemic, nor is it endemic. However, the commitment of President Geingob to fight the scourge of corruption is total. The President will spare no effort to root it out of Namibia,” Hengari said.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.