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Business / Economics

RMB Namibia Leads Syndicated Loan for Navachab Mine Expansion

todayJune 5, 2024 29

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RMB Namibia has been appointed by QKR Navachab to arrange a USD155 million syndicated loan from Namibian and South African banks. The loan, aimed at funding the mine’s expansion program, will significantly increase gold output, contributing to Namibia’s economic sustainability. RMB will also provide risk management solutions to optimize the mine’s exposure to various factors. Jason Shikalepo, Head of Investment Banking at RMB Namibia, offers further details.

 

Written by: Leonard Witbeen

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