Valuation

Minister orders review of Katima Mulilo land-for-vehicles deal

Urban and Rural Development Minister James Sankwasa has directed the Katima Mulilo Town Council to immediately review a controversial land-for-vehicles exchange deal, calling the transaction "illegal" and accusing the council of causing financial harm to the state. During an official visit to Katima Mulilo, Sankwasa questioned the valuation process used in the deal, which involved exchanging land, reportedly worth nearly N$30 million—for two Toyota Fortuner vehicles. "The Katima Town Council […]

12 May, 2025 57

Business / Economics

Trustco’s Meya Mining Investment confirms $763 million diamond resource

Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […]

5 June, 2024 93 2

World

Fast-fashion giant Shein applies to go public in US: report

ATTENTION - ADDS Shein declined to comment /// Washington, Nov 28, 2023 (AFP) - Chinese-founded fast fashion giant Shein has confidentially applied to go public in the United States, the Wall Street Journal reported Monday, calling the move potentially one of the biggest IPOs in years. The offering could come next year, the newspaper said, citing people familiar with the matter and adding that Chinese media had also reported on […]

28 November, 2023 12