You're contacting media contact of this press release
Title: ECOBANK BACKS MEYA MINING WITH USD 25 MILLION FACILITY
Windhoek, Khomas, Namibia, 12th Feb 2026 - Trustco Group Holdings Ltd (“Trustco”) confirms that Meya Mining Limited (“Meya”), in which Trustco holds a minority interest, has secured a USD 25 million (NAD 400 million) financing facility with Ecobank Sierra Leone Limited, supported by Ecobank Ghana Plc. The funding marks a significant milestone as Meya advances toward full commercial diamond production under its 25-year exclusive mining license in Sierra Leone’s Kono District.The signing ceremony took place on the opening day of the Africa Mining Indaba 2026 in Cape Town, South Africa. According to Meya, the facility will be deployed toward advanced diamond processing equipment, mining vehicles and supporting infrastructure.Meya’s shareholders have to date invested in excess of USD 100 million in the development of the resource and initial establishment of the mine. The financing represents a significant vote of confidence by a leading pan-African banking group in the quality, scale, and long-term geo-economic potential of the Meya diamond asset.According to Meya, the facility is expected to stimulate local supply chains by routing payments through Sierra Leonean accounts, creating and sustaining over 400 direct jobs with more than 90% of employees sourced locally, and strengthening Sierra Leone’s position in the global diamond industry through traceable, responsibly mined stones. The transaction is also expected to encourage further investment in beneficiation, including cutting and polishing, to maximise national value capture.Quinton Z van Rooyen, Deputy Group CEO of TrustcoAs previously disclosed, Trustco’s exposure to Meya comprises an indirect equity interest and a loan receivable of approximately USD 46 million. Trustco therefore remains both a long-term stakeholde...
This press release is issued by King Newswire