Namibia: Trustco in Talks for N$1.4 Billion From Private Equity Fund

[New Era] Trustco Group Holdings on Monday confirmed it is in negotiations with an international private equity fund for a debt facility of US$50 million (N$822 million) and an export credit facility to the amount of US$35.8 million (N$590 million). A statement from the Trustco Group noted the negotiations are connected to the development and expansion of the Trustco Resources Segment, with the emphasis on Meya Mining, which is the group's diamond mining asset in Sierra Leone....

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Published By: Allafrica - Wednesday, 21 October

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