Stay updated with breaking news from Schalk Erasmus. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
From ALFRED SHILONGO in Windhoek, Namibia Namibia Bureau WINDHOEK, (CAJ News) - PARATUS Group has secured funding of US$31 million to help realise its infrastructure expansion plans in the continent. The pan-African telco says the capital injection will significantly boost connectivity across key and currently underserved regions and contribute to the group's goal of doubling
The funding will be used over the next three years to create additional fibre routes.
Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, and its fund manager, Ninety One, have committed a $31 million debt facility to Paratus Group Holdings Limited (Paratus) to finance the expansion of its fibre and data centre business over the next three years.
Fibre and satellite connectivity provider Paratus Group secured a US$31 million debt facility from Private Infrastructure Development Group, to expand its fibre and data centre business in Africa into 2026.
Paratus Group, a pan-African telecom and network services provider, reveals strategic initiatives to achieve its goal of doubling revenue within the next five years