Nedbank Namibia powers mining growth with Trollope Contractors deal

Nedbank Namibia has announced the successful conclusion of a funding deal with Trollope Contractors Namibia (Pty) Ltd, an affiliate to the South African-based Trollope Mining Group. The dealmarks the beginning of a strategic partnership aimed at advancing Namibia’s mining sector.The funding package, which includes asset-based finance and working capital facilities, will enable Trollope to execute its mining operations. The Nedbank funding is expected to create employment opportunities and stimulate economic activity in the Erongo Region.A strategic partnership for growthTrollope Contractors Namibia is a new entrant to the Namibian market but brings with it nearly five decades of mining experience across Southern Africa. The company is known for its operational excellence, safety standards, and one of the largest mining equipment fleets on the continent. Trollope’s expansion into Namibia is part of a broader strategy to diversify into new mineral sectors and geographies.“This partnership with Trollope is a powerful example of how Nedbank CIB is enabling growth in sectors that matter,” said Nedbank Managing Director, Martha Murorua. “Mining is a cornerstone of Namibia’s economy, and we are proud to support a company that not only delivers operational excellence but also contributes meaningfully to local development.”Namibia’s mining sector is a key pillar of the national economy, contributing significantly to gross domestic product (GDP), export earnings, and employment. Trollope’s involvement in the Erongo Region is expected to accelerate production and support the global demand for clean energy resources.The deal aligns with Nedbank’s strategic focus on supporting sustainable development and economic transformation. By backing Trollope’s operations, Nedbank is helping to unlock value in Namibia’s natural resources while fostering inclusive growth.A collaborative effortThe transaction was facilitated by Nedbank Namibia’s Corporate and Investment Banking (CIB) team, in collaboration with the Nedbank CIB Mining and Resources team in South Africa and the Africa Regions team. This cross-border collaboration reflects Nedbank’s ability to deliver integrated financial solutions across the continent.Looking aheadTrollope’s strategic outlook includes further expansion across Southern Africa, with Namibia playing a central role in its growth plans. The company’s strong financial and operational support from its South African base ensures continued success and scalability. “This deal is more than just a financial transaction – it’s a partnership built on shared values and ashared vision for the future of mining in Namibia,” added Murorua. “We look forward to supporting Trollope as they grow their footprint and contribute to the country’s economic development.”

Nedbank Namibia powers mining growth with Trollope Contractors deal

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Republikein 2025-06-24

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Nedbank Namibia powers mining growth with Trollope Contractors deal

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