Namibia: Paratus Expands With N$327 Million, but Profits Lag Behind

Paratus Namibia Holdings continues its aggressive expansion, driving strong revenue growth but facing profitability challenges due to rising costs and investment-heavy strategies.

The company realised N$327.3 million in revenue in an aggressive expansion strategy that delivered a 16.4% year-on-year (y/y) growth.

According to an analysis by Simonis Storm Securities, this growth was driven by strong contract-based services (up 8.8% y/y), higher Armada Data Centre occupancy, and a surge in…