Nedbank Namibia has concluded a funding agreement with Trollope Contractors Namibia (Pty) Ltd, a subsidiary of the South African-based Trollope Mining Group.
The deal is expected to support Trollope’s mining activities in Namibia and contribute to job creation and economic growth, particularly in the Erongo Region.
The funding package, which includes asset-based finance and working capital facilities, will enable Trollope to commence its operations in Namibia.
Although new to the local market, Trollope Contractors brings close to 50 years of mining experience across Southern Africa and operates one of the largest mining equipment fleets on the continent.
“This partnership with Trollope is a powerful example of how Nedbank Corporate and Investment Banking (CIB) is enabling growth in sectors that matter,” said Nedbank Namibia Managing Director, Martha Murorua.
“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.”
Trollope’s entry into Namibia forms part of its wider strategy to diversify into new mineral sectors and geographical areas.
The company is known for its focus on safety and operational efficiency.
The mining sector remains a key driver of the Namibian economy, contributing significantly to GDP, export revenue, and employment. Trollope’s planned activities in the Erongo Region are expected to bolster production and support the growing global demand for minerals used in clean energy technologies.
Nedbank noted that the transaction fits within its broader strategy of backing sustainable projects and fostering economic transformation.
“This deal is more than just a financial transaction – it’s a partnership built on shared values and a shared vision for the future of mining in Namibia,” Murorua said.
“We look forward to supporting Trollope as they grow their footprint and contribute to the country’s economic development.”
The deal was facilitated by Nedbank Namibia’s CIB team in partnership with the Nedbank CIB Mining & Resources team in South Africa and the Africa Regions team, showcasing the bank’s ability to provide cross-border financial solutions.
Trollope’s future plans include expanding its presence in Southern Africa, with Namibia expected to play a central role in the company’s regional growth.
Founded in 1975, Trollope Mining Services is a well-established opencast mining contractor involved in medium to large-scale mining projects across Southern Africa. The company provides contract mining, crushing and screening, mine infrastructure development, bulk earthworks, rehabilitation, and plant hire services.
Nedbank Namibia, part of the Nedbank Group, is one of the country’s leading financial institutions, providing banking solutions across various sectors, including mining, infrastructure, and energy.
