FNB Namibia has officially announced a comprehensive restructuring of its Executive Team, marking a significant shift in the local market landscape. Under this transformative reorganisation, Nangula Kauluma will ascend to the position of Chief Executive of FNB Retail Banking, while Sepo Haihambo will assume the role of Chief Executive of FNB Commercial Banking. Nangula Kauluma...
November 14, 2024
Tag: restructuring
Post
Debt restructuring enables RMB to finance Dunes Mall acquisition for Oryx
Dunes Mall in Walvis Bay is now in the Oryx Properties stable following a landmark deal of N$630 million, based on debt funding of N$500 million from RMB and the refinancing of an existing N$100 million loan. This deal is a significant step in Oryx’s aspirations to grow its property portfolio from N$3 billion to...