Namibia

Paratus Namibia Doubles Market Cap with N$600 Million Capital Raise

today17 May, 2024

Background

Paratus Namibia, under Managing Director Andrew Hal, raises over N$600 million through a recent Rights Issue and investment campaign, doubling its market capitalization on the Namibian Stock Exchange. The capital comes from various investors, including the Paratus Group, employees, institutional, and retail investors. Cirrus Capital’s economist Robert McGregor.

 

 

Written by: Leonard Witbeen