Namibia Minute.
Friday, 24 April 2026
A daily Namibian brief · Est. 2026
Windhoek—:—London—:—New York—:—Beijing—:—
Organization

Trustco Group Holdings Limited

Also known as: Trustco · Trustco Group · Trustco Group Holdings · Trustco Group Holdings Ltd

Namibian holding company with subsidiaries in banking, mining, and property development, recently facing shareholder disputes and strategic delisting review.

Culture

Namibian media evolves from SWABC monopoly to diverse digital landscape

The News

Namibia's media sector has expanded significantly from a single state broadcaster before independence to today's mix of state, private, and community outlets. While the country maintains strong media freedom protections and has weathered challenges including rising printing costs and the shift to digital publishing, new pressures from AI and ethical standards in online content present ongoing challenges for journalists.

20 March 2026 · New Era →

Friday 20 March

  1. Namibian media evolves from SWABC monopoly to diverse digital landscape

    Namibia's media sector has expanded significantly from a single state broadcaster before independence to today's mix of state, private, and community outlets. While the country maintains strong media freedom protections and has weathered challenges including rising printing costs and the shift to digital publishing, new pressures from AI and ethical standards in online content present ongoing challenges for journalists.

    20 March 2026 · New Era →

Tuesday 17 March

  1. Elisenheim estate receives environmental approval for phase 4

    Elisenheim Property Development Company has received renewal of its Environmental Clearance Certificate for Phase 4 of the Elisenheim Lifestyle Estate development near Windhoek, which will add approximately 290 residential erven to the residential estate.

    17 March 2026 · New Era →

Monday 16 March

  1. Elisenheim estate secures environmental clearance for Phase 4 expansion

    Elisenheim Property Development Company has received renewal of its Environmental Clearance Certificate, enabling Phase 4 expansion of the Elisenheim Lifestyle Estate near Windhoek, which will add approximately 290 residential plots. The project, owned by Trustco Group Holdings, continues its development from farmland into an established residential community.

    16 March 2026 · Informanté →

Monday 9 March

  1. Namibia has too few employers to support job seekers, CEO warns

    Trustco CEO Quinton van Rooyen warned that Namibia faces a job-creation crisis, with only about 15,228 employers supporting a population of three million, meaning each employer must create opportunities for nearly 200 people. He described the shortage as a structural economic challenge requiring more investment and business creation.

    9 March 2026 · Informanté →

Saturday 7 March

  1. Bank of Namibia withdraws winding-up case against Trustco Bank

    The Bank of Namibia has withdrawn its High Court application to wind up Trustco Bank Namibia, a former Trustco Group subsidiary. Trustco confirms the bank remains solvent and states that all depositors have been fully repaid with no losses.

    7 March 2026 · The Namibian →

Wednesday 25 February

  1. Oshakati council grants five plots to businessman Shapumba

    Northern businessman Erastus 'Chicco' Shapumba is set to acquire five industrial plots at Oshakati for N$405 540, prompting opposition councillors to raise concerns about fairness and transparency. Opposition figures argue that allocating multiple plots to a single beneficiary at reduced rates (N$10 per square metre) without a competitive process lacks equitable access and public accountability.

    25 February 2026 · The Namibian →

Tuesday 24 February

  1. Trustco board removal vote ruled invalid over notice period

    Trustco shareholders voted by 43.75% to remove the current board, but chairman Raymond Heathcote invalidated the meeting on the grounds that it lacked the required 21-day notice period under the Companies Act. The Riskowitz Value Fund, which proposed five replacement directors, says it will take the matter to court.

    24 February 2026 · The Namibian →

Saturday 21 February

  1. Trustco unwinds share deal after RVF takeover bid fails

    Trustco Group Holdings is returning 400 million shares to treasury or suspension following a failed takeover bid by its largest minority shareholder, Riskowitz Value Fund, which held 23% of shares and attempted to fire the board. The reversal of the Legal Shield Holdings transaction, originally approved in December 2024, restores capital structure and reduces total shares in issue to approximately 992.2 million.

    21 February 2026 · The Namibian →

Friday 20 February

  1. Trustco ends ADR programme, plans direct US stock listing

    Trustco Group Holdings is winding down its American Depositary Receipt programme with Bank of New York Mellon, effective March 23, 2026, as the company pursues a direct listing on a US stock exchange. The Namibian holding company launched its ADR programme in 2014 and traded on OTCQX since 2019, but says growing international investor interest in Namibia and shifts in its own shareholder base support the move to a primary US listing.

    20 February 2026 · Informanté →

Thursday 19 February

  1. Trustco unwinds NAD 468 million LSH deal after RVF takeover bid fails

    Trustco Group Holdings has confirmed the full unwinding of its Legal Shield Holdings transaction following a failed hostile takeover attempt by Riskowitz Value Fund LP, which had received 400 million shares under an agreement that expressly prohibited a change of control but then used those shares to attempt exactly that. Approximately 400 million shares are being returned to treasury, restoring Trustco's shareholder structure and reducing RVF's voting rights to approximately 22%, with Trustco reserving all rights to pursue damages and restitutionary remedies.

    19 February 2026 · Informanté →

Namibia Minute