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Jazz storm blows through Windhoek

Zahara and Hugh Masekela had the crowd begging for more.

Zahara and Hugh Masekela had the crowd begging for more.

The highly anticipated biggest music night in Windhoek took place last weekend and boy oh boy was it spectacular. I do not think I had ever witnessed such a large crowd gathered together all for the love of Jazz. The show kicked off with Ama-khoe, Big Ben and Mahetage. Then the crowd got a taste of the young, all sharing the stage at the same time in the FuJazz All stars who indeed delivered more than they said they would. They performed a mixture of Afro jazz mixed with Rhythm n Blues (RnB) and performed songs from the likes of John Legend and Michael Jackson. When Erna Chimu and Elemotho took to the stage, they had the audience on its feet. The genre of Jazz is most enjoyed but a mature audience but last weekend that notion was proved wrong when the Hage Geingob stadium was filled to capacity by music lovers of all ages from children right through to a much older generation. The crowd went wild as international artists Zahara and Hugh Masekela came on stage. This duo had the crowd begging and screaming for more. Zahara performed Loliwe, Xa bendigena mama, Incwad’encane, Ndiza from her debut album and also gave the crowd something new when she performed songs from her new album ‘Phendula’. The crowd was ecstatic when she performed the late Brenda Fassie’s ‘Vulindlela’. Hugh Masekela or ‘Bra Hugh’ as he is affectionately proved to everyone who had doubts that the old crooner still has the magic when he danced on stage. His performance was so electric it had fellow artists including Zahara joining the crowd in an impromptu dance. The festival proved that indeed that there is a hunger for entertainment in the capital with over 5000 tickets being sold. Show MC, Lulu said more tickets had to be printed to cater for more Jazz lovers. The Windhoek Jazz festival was indeed bigger, better and even more electrifying than last year’s. I think its safe to say that those that attended are looking forward to next year with anticipation and have already started preparing their dancing shoes, blankets and camp chairs for yet another unforgettable show.

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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).

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.