Standard Bank Namibia has provided N$178 million in financing to Oryx Properties Limited for the development of the Goreangab Mall in Windhoek.
The mall, scheduled to open in May 2026, will span 14,500 square metres and host more than 40 tenants, including Shoprite as the anchor. It will serve Goreangab, Katutura and nearby communities.
“The Goreangab Mall is not just a retail centre; it is a catalyst for growth designed to unlock economic opportunities, uplift local businesses, and stimulate long-term development,” said Pieter Conradie, Manager: Client Coverage at Standard Bank Namibia.
The development forms part of the Goreangab Waterfront initiative, which also includes residential units and transport infrastructure, and is expected to create hundreds of jobs.
Francis Heunis, Chief Financial Officer of Oryx Properties, said the project strengthens the company’s property portfolio.
“The Goreangab Mall development represents a strategic step in our ongoing efforts to grow a resilient and inclusive property portfolio,” he said. “It aligns with our commitment to invest in developments that not only deliver sustainable financial returns but also contribute to meaningful socio-economic progress in Namibia.”
Oryx Properties is listed on the Namibian Stock Exchange and continues to expand across retail, industrial, office and residential sectors.
Standard Bank Namibia marks 110 years of operations in 2025, with the bank stating that its continued investment in infrastructure underscores its role in supporting growth and development.
