Erasmus Shalihaxwe
Nedbank Namibia has finalised the funding deal with Trollope Contractors Namibia (Pty) Ltd, a subsidiary of the South African-based Trollope Mining Group.
Nedbank Namibia managing director Martha Murorua announced the agreement on Monday, calling it the start of a strategic partnership to advance Namibia’s mining sector.
The funding includes asset-based finance and working capital to support Trollope’s mining operations in the country.
“The Nedbank funding is expected to create employment opportunities and stimulate economic activity in the Erongo Region. A strategic partnership for growth. Trollope 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,” said Murorua.
She said Trollope’s entry into Namibia is part of a broader strategy to diversify its reach across mineral sectors and regions.
“This partnership with Trollope is a powerful example of how Nedbank CIB is enabling growth in sectors that matter. 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, export earnings, and employment,” Murorua added.
Murorua said Trollope’s work in the Erongo region is expected to boost production and support the global demand for clean energy resources.
She added that the deal fits with Nedbank’s focus on supporting sustainable development and economic transformation.
She said the partnership reflects Nedbank’s ability to provide integrated financial solutions across the continent and aligns with Trollope’s plans to expand across Southern Africa, with Namibia as a key part of that growth.
“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 is a partnership built on shared values and a shared vision for the future of mining in Namibia. We look forward to supporting Trollope as they grow their footprint and contribute to the country’s economic development,” said Murorua.
