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SUBSIDIARY NAME

Ikhaya Somandla Family Trading Enterprises (Pty) Ltd

COUNTRY

Republic of Namibia

SECTOR/ INDUSTRY

Infrastructure & Energy

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

22-Sep-22

ACQUISITION VALUATION

20.7 BILLION

TOTAL ASSET VALUATION

207 BILLION

SHIPYARD, DOCKS, PORTS

Ikhaya Somandla Family Trading Enterprises (Pty) Ltd: The project operations will be an integrated green energy complex that includes a 300,000 BPSD Modular Oil Refinery, 120MW Renewable Energy Power Plant, Additives manufacturing plant, Alu gas manufacturing plant & terminal, Tank Farm securely enclosed on an industrial site, and deep-water port development. 410 hectares of land have been allocated for purchase by both the Lüderitz Town Council (360 hectares), and Witvlei Village Council (50 hectares). Supplemental projects including a bulk fuel products storage facility, Walvis Bay-North Port bulk liquid terminal development, and reefer container hub, features amongst others, in this project.

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