Nedbank Namibia has concluded a funding deal with Trollope Contractors Namibia (Pty) Ltd, a subsidiary of South Africa’s Trollope Mining Group, to support the company’s mining operations in Namibia.
The funding package, which includes asset-based finance and working capital facilities, will enable Trollope to begin mining activities in the Erongo Region. The investment is expected to create jobs and support local economic growth.
Trollope Contractors Namibia is new to the country but brings nearly 50 years of mining experience from operations across Southern Africa. The company is known for its strong safety standards and one of the largest mining equipment fleets in the region.
“This partnership with Trollope is a powerful example of how Nedbank 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 expansion into Namibia is part of a wider plan to grow into new mineral sectors and regions. The company’s involvement in the Erongo Region is expected to support increased mineral production and meet growing global demand, particularly for resources used in clean energy technologies.
The funding agreement was arranged by Nedbank Namibia’s Corporate and Investment Banking (CIB) team, working with colleagues from Nedbank’s Mining & Resources team in South Africa and the Africa Regions team.
“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.
Trollope’s plans include further expansion in Southern Africa, with Namibia set to become a key part of its growth strategy.
Trollope Mining Services, established in 1975, is a leading opencast mining contractor that operates in South Africa, Namibia, and Botswana, with past projects in the Democratic Republic of Congo and Guinea.
The company provides services including contract mining, crushing and screening, mine infrastructure development, bulk earthworks, rehabilitation, and plant hire.
Nedbank Namibia is one of the country’s main financial institutions, offering banking services across sectors such as mining, infrastructure, and energy.
