RMB bankrolls Telecom’sN$405m digital upgrade
RAND Merchant Bank (RMB) Namibia yesterday announced it has extended a N$405 million social loan to Telecom Namibia to support the company’s infrastructure modernisation and expansion of affordable connectivity across the country. In a media statement, the bank says the seven-year facility will fund Telecom Namibia’s five-year transformation strategy, aimed at improving broadband access and […] The post RMB bankrolls Telecom’sN$405m digital upgrade appeared first on The Namibian.
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RAND Merchant Bank (RMB) Namibia yesterday announced it has extended a N$405 million social loan to Telecom Namibia to support the company’s infrastructure modernisation and expansion of affordable connectivity across the country.
In a media statement, the bank says the seven-year facility will fund Telecom Namibia’s five-year transformation strategy, aimed at improving broadband access and strengthening mobile network capacity nationwide.
Telecom Namibia chief executive Stanley Shanapinda says the investment aligns with national development priorities and seeks to ensure citizens have access to reliable and affordable digital services, in communication, education, healthcare and commerce.
“Telecom’s key objective is to ensure every citizen can access and use entertainment, communication, information, education, commerce and online health services through fast, reliable and affordable internet, voice, and data connectivity.”
Shanapinda says the strategy is closely aligned with Namibia’s national development plan, making this transaction a direct investment in the country’s socio-economic progress.
“Building on the current investment programme, the company is adopting several key initiatives aimed at reducing connectivity gaps, expanding access to high-quality broadband, and strengthening digital participation for underserved communities,” he says.
RMB Namibia transactor Leonard Hamunyela says the partnership is about enabling broader access to essential services and strengthening Namibia’s participation in the digital economy.
“By supporting Telecom’s modernisation drive, RMB Namibia is not only financing infrastructure but also enabling broader social and economic inclusion,” he says.
RMB Namibia says the partnership reflects its commitment to sustainable finance and inclusive economic development.
The post RMB bankrolls Telecom’sN$405m digital upgrade appeared first on The Namibian.
