insert_link Local Trustco Group announces NAD 4.4 billion (USD 235 million) transaction with founding family. Trustco Group Holdings Limited (TTO.SJ) today announced a landmark agreement to convert NAD 4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD 100 million capital raise in the US markets. The agreement is expected to increase Trustco's net asset value by approximately NAD 1.5 billion (USD 79 million). "This recapitalization is a crucial step towards achieving our growth ambitions […] todayJune 12, 2024 7
insert_link Namibia Namibia to take part in Mining Indaba 2024 Deputy Executive Director in the Ministry of Mines and Energy, Gloria Simubali has led a delegation to the ‘Investing in African Mining Indaba 2024’, which commenced in Cape Town, South Africa on Monday. A media statement availed by the Ministry of Mines and Energy said Namibia will during the indaba showcase the opportunities the country presents in the mining sector to a global audience of foremost thinkers in mining. […] todayFebruary 6, 2024 17
insert_link Africa Botswana and DeBeers sign $1 billion deal Botswana and De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume. The Debswana Diamond Company's board said it has given the go-ahead to works that are to extend the life of the Jwaneng mine turning it from an open-pit site to an underground operation. About 70% of profits for Debswana come from Jwaneng. Here is the Deputy Minister of Mines and […] todayJanuary 11, 2024 23
