Namibia Minute.
Friday, 24 April 2026
A daily Namibian brief · Est. 2026
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Person

Irma van Rooyen

Also known as: Van Rooyen · Quinton van Rooyen · B van Rooyen · Quinton Z van Rooyen · QZ van Rooyen · Dr Quinton van Rooyen

Namibian swimmer who completed a double Robben Island crossing in 2026 without a wetsuit in under six hours.

Business

Trustco rejects hostile takeover bid by foreign fund on procedural grounds

The News

Trustco Group Holdings rejected a hostile takeover bid by Riskowitz Value Fund LP at a shareholders' general meeting. The Chairman ruled the meeting illegally convened under Namibian law, a condonation vote to cure the defect failed to achieve the required majority, and even on the substance of the proposal, the fund could not secure board reconstitution support.

17 February 2026 · Informanté

Tuesday 17 February

  1. Trustco rejects hostile takeover bid by foreign fund on procedural grounds

    Trustco Group Holdings rejected a hostile takeover bid by Riskowitz Value Fund LP at a shareholders' general meeting. The Chairman ruled the meeting illegally convened under Namibian law, a condonation vote to cure the defect failed to achieve the required majority, and even on the substance of the proposal, the fund could not secure board reconstitution support.

    17 February 2026 · Informanté

Thursday 12 February

  1. Meya Mining secures N$400m funding for Sierra Leone diamond production

    Trustco Group Holdings' subsidiary Meya Mining Limited has secured a N$400-million financing facility from Ecobank to support the move towards full commercial diamond production under a 25-year licence in Sierra Leone's Kono District. The funding will support equipment, mining vehicles, and infrastructure, with expectations to create over 400 direct jobs, mostly filled locally.

    12 February 2026 · The Namibian

  2. Ecobank provides USD 25 million financing to Meya Mining

    Ecobank Sierra Leone has approved a USD 25 million financing facility for Meya Mining Limited, a diamond mining company operating under a 25-year exclusive license in Sierra Leone's Kono District, in which Trustco Group Holdings holds a minority interest. The funding will support advanced processing equipment, mining vehicles, and infrastructure as Meya advances toward full commercial production, with expectations to create over 400 direct jobs and stimulate local supply chains.

    12 February 2026 · Informanté

Wednesday 28 January

  1. Trustco minority shareholder calls February vote to remove board

    Riskowitz Value Fund, a 23% shareholder in Trustco Group Holdings, has called a general meeting for 16 February to elect five new directors and remove founder Quinton van Rooyen and the current board after they refused to convene the meeting. The board claims the requisition is invalid and accuses the proposed directors of value destruction, but Section 189 of the Namibian Companies Act allows members holding at least 5% of voting shares to require such a meeting.

    28 January 2026 · The Namibian

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