Paratus Group fibre and data centre portfolio expansion

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The project involves the expansion of Paratus Group Holdings Limited's (Paratus) fiber and data center portfolio, focusing on three sub-regions in Africa, including countries as Angola, Botswana, the Democratic Republic of Congo, Mozambique, Namibia, South Africa, and Zambia. The expansion project will include 3 new fibre routes connecting Walvis Bay-Johannesburg-Maputo, Brazzaville-Johannesburg-Maputo, and Luanda-Lusaka-Dar Es Salaam, adding to a fibre network of over 10,000km. The proceeds will also finance the construction of a Tier IV data centre in Angola. The portfolio was financed through a $31 million debt facility provided by the Emerging Africa Infrastructure Fund (EAIF) and Ninety One Africa Credit Opportunities, both funds managed by Ninety One. Ninety One acted as the mandated lead arranger of the transaction. Financial close was achieved on November 9th, 2023. https://www.eaif.com/emerging-africa-infrastructure-fund-and-ninety-one-commit-us31-million-to-paratus-group-in-boost-to-continental-connectivity/\ https://paratus.africa/paratus-group-secures-funding-for-infrastructure-expansion-projects/