Trustco Group was founded on 21 August 1992, and this year sees its 30th birthday. From humble beginnings, the group has managed a compounded annual growth rate (CAGR) of 84% in capital and reserves since its inception, and 34.1% since its first public listing on the NSX in 2006. By the end of February 2022, shareholder assets under management (or Net Asset Value) had built up to NAD (Namibia Dollar) 6.5 billion, with gross assets amounting to NAD 8.5 billion.
From Trustco’s headquarters in Windhoek, Namibia, this investment entity manages investments in a financial services portfolio, which covers investments in banking and financing, insurance, education and real estate, as well as its resources portfolio, with its high-profile international investment being the Meya mine in Sierra Leone. Both portfolios make use of support services provided by the group’s shared services subsidiaries. Currently investment returns of up to 14.94% in Namibia Dollar terms, and 13.85% in US Dollar terms, is being offered to investors in Trustco’s portfolio entities.