Standard Bank Namibia and RMB Namibia have partnered with Terminal Investment Namibia (TiN) to enable N$2.1 billion in external financing for a major capital expenditure programme aimed at transforming the Port of Walvis Bay into a leading African transshipment hub.
The financing will fund upgrades to the Walvis Bay Container Terminal, expanding capacity, improving efficiency, and strengthening Namibia’s role as a key regional trade gateway.
The investment follows Namport’s decision to grant TiN a 25-year concession to operate and maintain the terminal.
Tjizomundu Kavetu, Manager for Investment Banking at Standard Bank Namibia, said the transaction demonstrates the bank’s ability to deliver innovative financial solutions for large-scale infrastructure projects.
“This transaction demonstrates Standard Bank Namibia’s ability to deliver innovative, tailored solutions that enable large-scale infrastructure investments through our Corporate and Investment Banking division. By partnering with RMB, we are supporting TIN’s vision to transform Walvis Bay into a strategic logistics hub for the region. This aligns with our purpose of driving Namibia’s growth and facilitating trade across Africa,” Kavetu said.
Standard Bank Namibia structured a US dollar–denominated tranche as part of the financing package to cater for cross-border investment needs, highlighting the bank’s leadership in complex transactions and commitment to Namibia’s long-term economic growth.
Leonard Hamunyela, Investment Banking Dealmaker at RMB Namibia, said the transaction underscores RMB’s focus on infrastructure development as a foundation for sustainable prosperity.
“RMB firmly believes that investing in infrastructure is not just an economic imperative; it is the cornerstone of enduring prosperity. Our commitment is to foster a competitive Namibia and create lasting value that will benefit generations to come,” Hamunyela said.
He said RMB, acting as Joint Arranger alongside Standard Bank Namibia, designed a bespoke financing structure that supports TiN’s plan to develop a world-class transshipment hub at Walvis Bay.
“This landmark transaction underscores RMB’s dedication to forging strong partnerships with both local and international investors who share our vision for transformative progress. It directly empowers TiN’s ambition to develop a world-class facility that will position Namibia as a pivotal gateway for regional and global trade,” Hamunyela said.
The N$2.1 billion investment is expected to stimulate economic growth, create employment opportunities, and solidify Walvis Bay’s position as a critical logistics and maritime hub for Southern Africa.
