Trustco Bank Namibia Limited (TBN)

Martin Endjala Trustco Group Holdings Ltd. (TGH), the parent company of Trustco Bank Namibia Limited (TBN), has until Tuesday to provide the Bank of Namibia (BoN) with a deposit plan. This follows TGH's decision to return TBN’d banking license to the BoN for cancellation with immediate effect. Quinton van Rooyen, Chairman of Trustco Group Holdings' Board Investment Committee, disclosed this information in a statement last week. "In light of recent developments, Trustco has decided to exit from investing in deposit-taking institutions in Namibia. Our focus is now shifting towards non-deposit-taking financial services, where we see tremendous growth potential,” he said.…