Nedbank Namibia powers mining growth with Trollope Contractors deal

Windhoek, Namibia – 10 June 2025

Nedbank Namibia has announced the successful conclusion of a funding deal with Trollope Contractors Namibia (Pty) Ltd, an affiliate to the South African-based Trollope Mining Group. The deal marks the beginning of a strategic partnership aimed at advancing Namibia’s mining sector.

The funding package, which includes asset-based finance and working capital facilities, will enable Trollope to execute its mining operations. The Nedbank funding is expected to create employment opportunities and stimulate economic activity in the Erongo Region.

A strategic partnership for growth

Trollope Contractors Namibia is a new entrant to the Namibian market but brings with it nearly five decades of mining experience across Southern Africa. The company is known for its operational excellence, safety standards, and one of the largest mining equipment fleets on the continent. Trollope’s expansion into Namibia is part of a broader strategy to diversify into new mineral sectors and geographies.

“This partnership with Trollope is a powerful example of how Nedbank CIB is enabling growth in sectors that matter,” said Nedbank 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.”

Supporting Namibia’s mining ambitions

Namibia’s mining sector is a key pillar of the national economy, contributing significantly to GDP, export earnings, and employment. Trollope’s involvement in the Erongo Region is expected to accelerate production and support the global demand for clean energy resources.

The deal aligns with Nedbank’s strategic focus on supporting sustainable development and economic transformation. By backing Trollope’s operations, Nedbank is helping to unlock value in Namibia’s natural resources while fostering inclusive growth.

A collaborative effort

The transaction was facilitated by Nedbank Namibia’s Corporate and Investment Banking (CIB) team, in collaboration with the Nedbank CIB Mining & Resources team in South Africa and the Africa Regions team. This cross-border collaboration reflects Nedbank’s ability to deliver integrated financial solutions across the continent.

Looking ahead

Trollope’s strategic outlook includes further expansion across Southern Africa, with Namibia playing a central role in its growth plans. The company’s strong financial and operational support from its South African base ensures continued success and scalability.

“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,” added Murorua. “We look forward to supporting Trollope as they grow their footprint and contribute to the country’s economic development.”

About Trollope Mining Group
Established in 1975, Trollope Mining Services is a market-leading opencast mining contractor specializing in medium to large-scale mining projects. The company offers a full suite of services including contract mining, crushing and screening, mine infrastructure development, bulk earthworks, rehabilitation, and plant hire. Trollope operates in South Africa, Namibia, and Botswana, with past projects in the DRC and Guinea.

About Nedbank Namibia
Nedbank Namibia is a leading financial services provider committed to enabling growth and transformation through innovative banking solutions. As part of the Nedbank Group, the bank leverages regional expertise and sectoral insights to support clients across key industries including mining, infrastructure, and energy.