News Column

Namibia : NEW banking division launched by RMB Namibia

June 28, 2014

A full corporate and investment banking division is established by Namibian bank and Merchant Bank (RMB).

Companies who have been sponsored by RMB lately comprise Debmarine Namibia, B2 Gold, Extract Resources, Paladin Energy, Bannerman, Grindrod, RMB disclosed.

RMB managing director Steve Galloway said, Our ability to pick winners in the mining sector has allowed us to walk the road together on key projects like Langer Heinrich Uranium, Ohorongo Cement, Otjikoto Gold and Husab Uranium .

Galloway added, This does not include mega-projects like the TransKalahari Railway. Public- Private Partnerships with Nampower, Namcor, Namport, TransNamib and Namwater are the only way we can bridge this gap, together .

As per to RMB's managing director, two independent surveys performed disclosed that Namibia is strongly being recognised as a high growth economy.

Galloway said, The African Retail Development Index (ARDI) places Namibia third in Africa, a remarkable achievement for a relatively small economy with only two million people. Secondly, the Canadian Frazer Institute also ranks Namibia third in Africa in respect of resources prospectively, the rating being a combined policy and resource potential indicator .

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Source: TendersInfo (India)

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