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Choral music rises octave

Jane Katjavivi, Chairperson of the FNB Foundation presenting the cheque to Lydia Ramphoma.

Jane Katjavivi, Chairperson of the FNB Foundation presenting the cheque to Lydia Ramphoma.

Registered charity, Imba Namibia last week received a major sponsorship from the FNB Namibia Foundation to carry on its work to develop choral music standards. Imba Namibia has embarked on various developmental projects, which are funded through the initiatives of members of the different programmes.
Jane Katjavivi, Chairperson of the FNB Foundation said that Imba Namibia ‘Sing Namibia in Oshiwambo’, was the brainchild of Ms Lydia Auala-Ramphoma and Mr Rolf Hansen and could be seen as “Cure Music” soothing not only to the ear but for the general well-being. She based this on research conducted which showed that joining a choir could be a cost-effective way to improve people’s well-being.

“While the feel-good effects of singing have long been recognised, there is growing evidence that it can have a positive impact on a range of physical and psychological conditions, leading to campaigns for singing on prescription. These findings suggest that feeling part of a cohesive social group can add to the experience of using your voice to make music.”
Lydia and Rolf have seen the need to plough back into the nation what they have learned and experienced after having sung alongside some of the world’s best voices on both international and national platforms. “For me, that is innovation at its best, coupled with passion. One of the FNB values is innovation, and we thus applaud you.”
Lydia said “Assistance such as this towards the world of Arts is always whole-heartedly appreciated. Musicians, and Artists in general are usually very passionate people, and especially passionate about what they do. Imba Trust Namibia was established through passion for music, particularly choral music. A genre that has a way of uniting, creating joy and have everyone speak the same language. The inspiration was generated by a very passionate man, Mr Ernst van Biljon.
From Imba Namibia, Namibian Voices, formerly known as Voices of Namibia was born. This ensemble represented Namibia twice at the World Choral Games, and brought back several medals including Gold and Silver.

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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.