Nimbus acquires stake in Paratus Africa

9 February 2018

Mergers, Acquisitions and Financial Results

Paratus, described as the largest privately owned Pan African telecoms operator and based in Windhoek, has announced that Nimbus Infrastructure Limited has acquired a 26.5% stake in its Namibian operation for an amount of N$95-million.

Nimbus Infrastructure is a Capital Pool company jointly managed by Paratus and Cirrus Capital with the objective of pursuing investments in the ICT sector in sub-Saharan Africa.

Nimbus listed on the Namibia Stock Exchange in early October 2017 via a private placement of shares, raising more than N$100 million. Read the full article on ITWeb Africa here.