Trustco To Raise NAD 2.4 Billion From Shareholders To Tap Into Namibia’S Economic Potential
Windhoek, Namibia, 16th Jan 2024, King NewsWire – Trustco Group Holdings Limited is concluding pivotal transactions with key shareholders that underscore confidence in Namibia’s bright economic prospects and Trustco’s time-tested capabilities to channel investment into high-growth areas.
First, Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to NAD 950 million into Trustco, entrenching RVF as a key anchor foreign investor. The capital will provide Trustco with unparalleled financial muscle to capitalize on new opportunities and strengthen existing investments in a Namibian economy poised for rapid growth.
Additionally, Next Capital (Pty) Ltd and entities affiliated with Trustco’s founder, Dr Quinton van Rooyen, ma...