By: Staff writer
Paratus Group has secured US$31-million (N$578 million) in funding to expand its fibre routes connecting Angola, Democratic Republic of Congo (DRC), Botswana, Namibia, South Africa, Mozambique and Zambia over the next three years.
The funding is secured from Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) and fund manager, Ninety One.
The transaction was facilitated by local financial services provider Cirrus Capital, which acted as the financial advisor and lead arranger on the transaction for Paratus Group.
The investment will also be used to finance the completion of Paratus first Tier IV data centre (DC) in Angola. The state-of-the-art 10MW facility will be the largest Paratus DC in Angola and is designed to stimulate the digital economy, capitalise on the opportunities created by subsea cable systems in the region, and consolidate the Group’s strategy to create a regional hub in Angola.
The facility will be Paratus’s fifth carrier neutral DC in southern Africa and complements two other Tier-III (by design) DCs in Luanda, Angola.
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