Staff Writer
Standard Bank Namibia and RMB Namibia, in partnership with Terminal Investment Namibia (TIN), will fund a N$2.1 billion project to modernise the Port of Walvis Bay. The investment will help transform the port into a leading African transshipment hub.
The collaboration supports TIN’s capital expenditure programme, which aims to upgrade terminal operations, increase capacity, and strengthen Namibia’s role as a key gateway for regional trade.
The project follows Namport’s decision to grant TIN a 25-year concession to operate and maintain the container terminal at Walvis Bay.
Standard Bank Namibia and RMB Namibia structured and arranged the external funding required for the large-scale infrastructure project.
The partnership shows how local financial institutions can work together to attract investment that promotes economic growth, creates jobs and improves regional trade links.
“This transaction shows Standard Bank Namibia’s ability to deliver innovative and tailored financial solutions that support large-scale infrastructure projects through our Corporate Investment Banking division,” said Tjizomundu Kavetu, manager for investment banking at Standard Bank Namibia.
He added that by partnering with RMB, the bank is helping to advance TransNamib’s vision of turning Walvis Bay into a key logistics hub for the region.
“This partnership reflects our purpose of driving Namibia’s growth and promoting trade across Africa,” Kavetu said.
Standard Bank Namibia’s contribution included a USD-denominated funding tranche designed to meet the specific needs of this cross-border investment. The bank said this reflects its leadership in structuring complex transactions and supporting long-term national growth.
Leonard Hamunyela, investment banking dealmaker at RMB Namibia, said the transaction reflects the bank’s belief that investing in infrastructure is the cornerstone of long-term prosperity.
“Our commitment is to foster a competitive Namibia and create lasting value that will benefit generations to come. This landmark transaction underscores RMB’s dedication to forging strong partnerships with both local and international investors who share our vision for transformative progress,” he said.
Hamunyela mentioned that RMB, working together with Standard Bank Namibia, used its knowledge in infrastructure finance and creative planning to create a funding solution that helps Terminal Investment Namibia’s goal of building a top-notch transshipment hub at the Walvis Bay Container Terminal.
Caption
Standard Bank Namibia and RMB Namibia will jointly fund a modernisation project at the Walvis Bay port.
- Photo: Standard Bank
