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Paratus Group secures millions in financing

Expanding fibre and data centre
The facility will enhance last mile connectivity and introduce more reliable internet services across three sub-regions and six countries in Africa.
Staff Reporter
Paratus Group Holdings, a Namibian telecommunications company, has secured a US$31 million debt facility, about N$570 million, for the expansion of its fibre and data centre business over the next three years.

The deal was struck with Emerging Africa Infrastructure Fund (EAIF), a private infrastructure development group company, and its fund manager, Ninety One.

The facility will enhance last mile connectivity and introduce more reliable internet services across three sub-regions and six countries in Africa - Angola, Mozambique, Namibia, Republic of Congo, South Africa and Zambia, EAIF said in a statement.

“Widening access to fibre and data centres in key African markets will progress development and inclusive growth – maximising opportunities in countries where entrepreneurial spirit abounds,” Paratus CEO Schalk Erasmus said.

“EAIF and Ninety One’s commitment sends the right signal to the rest of the market and reinforces our mission to support a more connected and technologically advanced Africa,” he added.

Demand

Commenting on the transaction, Sine Zulu, investment specialist at Ninety One and fund manager of the Emerging Africa Infrastructure Fund, said: “This financing is a key demonstration of the growing demand for connectivity and data on the continent.”

The expansion of Paratus’ fibre business will include three new fibre routes connecting Walvis Bay-Johannesburg-Maputo, Brazzaville-Johannesburg-Maputo, and Luanda-Lusaka-Dar Es Salaam, adding to a fibre network of over 10 000 km. The projects, linking the west and east African coasts, will enhance connectivity, data transmission and access to digital services.

EAIF’s investment will also help finance the construction of Angola’s first Tier IV data centre, Paratus’ fifth carrier neutral data centre in southern Africa, adding to its two other Tier III data centres in the Angolan capital, Luanda.

The 10MW facility will position Paratus’ network in Angola as a key regional hub and capture opportunities created by the Equiano subsea internet cable, connecting Europe to Africa’s west coast.

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Allgemeine Zeitung 2024-05-30

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Katima Mulilo: 11° | 32° Rundu: 10° | 31° Eenhana: 11° | 31° Oshakati: 11° | 29° Ruacana: 13° | 29° Tsumeb: 13° | 28° Otjiwarongo: 10° | 26° Omaruru: 10° | 27° Windhoek: 8° | 23° Gobabis: 10° | 27° Henties Bay: 13° | 17° Wind speed: 21km/h, Wind direction: S, Low tide: 02:35, High tide: 08:47, Low Tide: 14:47, High tide: 21:27 Swakopmund: 13° | 15° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:45, Low Tide: 14:45, High tide: 21:25 Walvis Bay: 12° | 18° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:44, Low Tide: 14:45, High tide: 21:24 Rehoboth: 10° | 24° Mariental: 10° | 26° Keetmanshoop: 9° | 22° Aranos: 9° | 27° Lüderitz: 10° | 19° Ariamsvlei: 8° | 18° Oranjemund: 10° | 16° Luanda: 22° | 26° Gaborone: 11° | 26° Lubumbashi: 11° | 29° Mbabane: 13° | 24° Maseru: 5° | 20° Antananarivo: 12° | 21° Lilongwe: 13° | 26° Maputo: 17° | 28° Windhoek: 8° | 23° Cape Town: 12° | 15° Durban: 16° | 22° Johannesburg: 13° | 20° Dar es Salaam: 22° | 32° Lusaka: 15° | 29° Harare: 13° | 25° Currency: GBP to NAD 23.84 | EUR to NAD 20.31 | CNY to NAD 2.59 | USD to NAD 18.77 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.03 | USD to AOA 852.22 | USD to BWP 13.64 | USD to EGP 47.2 | USD to KES 129.73 | USD to NGN 1320 | USD to ZAR 18.76 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77161.71 Down -1.8% | Namibian Stock Exchange (NSX) Overall Index 1674.92 Down -2.89% | Casablanca Stock Exchange (CSE) MASI 13313.64 Down -0.25% | Egyptian Exchange (EGX) 30 Index 26922.76 Down -0.62% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 341.40/OZ UP +0.12% | Copper US$ 4.62/lb DOWN -0.0256 | Zinc US$ 3 080.30/T DOWN -0.21% | Brent Crude Oil US$ 82.27/BBP DOWN -0.0175 | Platinum US$ 1 022.89/OZ DOWN -0.0146 Sport results: Weather: Katima Mulilo: 11° | 32° Rundu: 10° | 31° Eenhana: 11° | 31° Oshakati: 11° | 29° Ruacana: 13° | 29° Tsumeb: 13° | 28° Otjiwarongo: 10° | 26° Omaruru: 10° | 27° Windhoek: 8° | 23° Gobabis: 10° | 27° Henties Bay: 13° | 17° Wind speed: 21km/h, Wind direction: S, Low tide: 02:35, High tide: 08:47, Low Tide: 14:47, High tide: 21:27 Swakopmund: 13° | 15° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:45, Low Tide: 14:45, High tide: 21:25 Walvis Bay: 12° | 18° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:44, Low Tide: 14:45, High tide: 21:24 Rehoboth: 10° | 24° Mariental: 10° | 26° Keetmanshoop: 9° | 22° Aranos: 9° | 27° Lüderitz: 10° | 19° Ariamsvlei: 8° | 18° Oranjemund: 10° | 16° Luanda: 22° | 26° Gaborone: 11° | 26° Lubumbashi: 11° | 29° Mbabane: 13° | 24° Maseru: 5° | 20° Antananarivo: 12° | 21° Lilongwe: 13° | 26° Maputo: 17° | 28° Windhoek: 8° | 23° Cape Town: 12° | 15° Durban: 16° | 22° Johannesburg: 13° | 20° Dar es Salaam: 22° | 32° Lusaka: 15° | 29° Harare: 13° | 25° Economic Indicators: Currency: GBP to NAD 23.84 | EUR to NAD 20.31 | CNY to NAD 2.59 | USD to NAD 18.77 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.03 | USD to AOA 852.22 | USD to BWP 13.64 | USD to EGP 47.2 | USD to KES 129.73 | USD to NGN 1320 | USD to ZAR 18.76 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77161.71 Down -1.8% | Namibian Stock Exchange (NSX) Overall Index 1674.92 Down -2.89% | Casablanca Stock Exchange (CSE) MASI 13313.64 Down -0.25% | Egyptian Exchange (EGX) 30 Index 26922.76 Down -0.62% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 341.40/OZ UP +0.12% | Copper US$ 4.62/lb DOWN -0.0256 | Zinc US$ 3 080.30/T DOWN -0.21% | Brent Crude Oil US$ 82.27/BBP DOWN -0.0175 | Platinum US$ 1 022.89/OZ DOWN -0.0146