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.
Trustco Group Holdings' largest minority shareholder, Riskowitz Value Fund LP (RVF), failed in its attempt to remove and replace the board at a general meeting on Monday. The meeting was ruled illegally convened under the Namibian Companies Act; a condonation vote to remedy defects failed, and RVF could not secure majority support even on the merits, according to the company.
19 February 2026 · The Namibian →
Trustco Group Holdings' largest minority shareholder, Riskowitz Value Fund LP (RVF), failed in its attempt to remove and replace the board at a general meeting on Monday. The meeting was ruled illegally convened under the Namibian Companies Act; a condonation vote to remedy defects failed, and RVF could not secure majority support even on the merits, according to the company.
19 February 2026 · The Namibian →
Trustco Group Holdings Limited has concluded its long-standing sponsorship agreement with Trustco United Sport Club, one of Namibia's oldest sports clubs, as the contract expires at the end of February 2026. The partnership, which began in June 2011, transformed the club into a multi-code sporting venue with Premier League rugby titles, international cricket fixtures, and thriving hockey and netball programmes.
17 February 2026 · Informanté →
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 →
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 →
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 →
Trustco Group Holdings is re-evaluating its plan to delist from the Johannesburg Stock Exchange following the JSE's approval of simplified listing requirements, reversing years of threats to exit Africa's largest bourse over disputes about financial statement compliance. The company's board is assessing whether the new requirements address its concerns about the JSE's questioning of its board independence and financial integrity.
29 January 2026 · The Namibian →
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 →