insert_link Business / Economics Trustco Converts Debt to Equity, Plans $100 Million US Capital Raise Trustco Group Holdings Limited is converting 4.4 billion Namibian Dollars of debt into equity, setting the stage for a planned $100 million US capital raise. This involves exchanging debt owed to Next Capital and Dr. Quinton van Rooyen for new Trustco shares at a premium, anticipated to enhance Trustco's net asset value by approximately 1.5 billion Namibian Dollars. Deputy CEO, Quinton Van Rooyen Junior provided insights into the development. todayJune 12, 2024 35
insert_link Business / Economics Trustco increases stake in Legal Shield Holdings Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million. The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning […] todayApril 23, 2024 29
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
