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TRUSTCO’S UPDATE ON INSURANCE, REAL ESTATE ACQUISITION

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Windhoek, Khomas, Namibia, 14th Oct 2024 – Trustco Group Holdings Limited (Trustco) has announced updates to its planned purchase of additional shares in Legal Shield Holdings Limited (LSH). Originally announced on April 23, 2024, the transaction involves Trustco acquiring an extra 11.35% stake in LSH from Riskowitz Value Fund LP (RVF). This will increase Trustco’s total ownership of LSH to 91.35%. The transaction, valued at NAD 468 million (USD 27 million), will be completed by issuing new Trustco shares to RVF. The transaction is expected to close by December 31, 2024.

The acquisition includes valuable assets such as Trustco Insurance Limited, Trustco Life Limited, and a large real estate portfolio that includes developments such as Elisenheim Lifestyle Estate, Lafrenz Industrial Park and Herboths. This portfolio consists of 2,473 sellable hectares (6,112 acres) of prime land across Namibia. Since 2011, this real estate has generated more than NAD 934 million (USD 53 million) in cash.

The extensive land bank offers the opportunity to develop more than 26,000 mixed-use plots. Over the past decade, the company has successfully serviced over 1,106 plots across its developments. With a development pipeline extending for the next 25 years, Trustco is well-positioned to address Namibia’s severe shortage of serviced land for residential, commercial, and industrial use.

Quinton Z van Rooyen, Deputy CEO of Trustco

Quinton Z van Rooyen, Deputy CEO of Trustco, commented on the transaction, stating: “This acquisition aligns well with our growth strategy and allows us to take advantage of expected capital growth, improved macroeconomic liquidity, and increased buyer demand in Namibia’s real estate market. By expanding our property portfolio, we’re set to benefit from the country’s recovering property market following the pandemic.”

Van Rooyen further emphasized the increasing interest from international investors, particularly major players in the petroleum and green hydrogen sectors from the U.S. and Europe. “The growing presence of these industry titans in Namibia strengthens our confidence and reaffirms our strategy to expand our real estate holdings. Their investments signal strong prospects for the Namibian economy, creating an ideal environment for Trustco to capitalize on these opportunities,” he added.

Trustco has submitted a circular detailing the transaction to the Johannesburg Stock Exchange (JSE) for review. Once approved, this comprehensive document will be distributed to all shareholders, providing full details on the proposed acquisition.

About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with  recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 14102418438

The post TRUSTCO’S UPDATE ON INSURANCE, REAL ESTATE ACQUISITION appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Your Funds, Your Security – Trade with Confidence on BitDelta

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Bucharest, Romania, 24th February 2025, ZEX PR WIRE, Exchange hacks are on the rise, putting millions of dollars at risk every day. The question isn’t if another attack will happen—it’s when. With security breaches exposing vulnerabilities in even the biggest platforms, traders need a safer alternative.

At BitDelta, security isn’t just a promise—it’s built into our DNA. Ranked among the top 10 most secure exchanges on CER.live, externally audited by Hacken, and fortified with Fireblocks’ industry-leading security, BitDelta ensures your assets are always protected.

Plus, trade now and win up to $1,000 daily*—no hidden conditions!

*The terms and conditions are listed below.

How BitDelta’s Robust Security Protects Your Assets 

🔹 Distributed MPC Wallets: Unlike traditional multi-signature wallets, BitDelta’s Fireblocks-powered MPC (Multi-Party Computation) wallets reduce single points of failure.

🔹 Secure Hardware Key Management: Private keys are stored in secure enclaves, preventing unauthorised access and drastically reducing breach risks.

🔹 Institution-Grade Policy & Governance Engine: Automated approval flow and strict access controls prevent fraudulent transactions and unauthorised withdrawals.

🔹 DeFi Threat Detection & Transaction Clarity: Real-time monitoring detects suspicious activities to ensure transactions remain safe and transparent.

🔹 Fireblocks Network Security: Eliminates deposit address risks, minimising exposure to external threats.

🔹 Zero Counterparty Risk – Fireblocks’ Off Exchange Solution ensures asset control, segregated storage, and 1:1 mirroring for ultimate protection.

BitDelta’s $1 Million Bug Bounty Program – Security Never Sleeps

At BitDelta, security isn’t just a priority—it’s a necessity. We take security so seriously that we’re offering up to $1 million to security researchers and ethical hackers to proactively identify and report potential vulnerabilities. This helps us stay ahead of threats.

🔸 Up to $1 Million in rewards** for critical discoveries
🔸 Continuous monitoring and rapid patching of vulnerabilities
🔸 Global collaboration with top security experts

Join One of the Top Secure Exchanges – Win Up to $1,000 Daily!

To celebrate our unwavering commitment to security, BitDelta is launching the SecureCEX campaign, giving users a chance to win up to $1,000 daily until March 1, 2025.

👉 How to participate:

1⃣ Sign up with code: SecureCEX

2⃣ Deposit a minimum of USD $100

3⃣ Complete 3-4 trades within 24 hours

🎉 One lucky trader wins up to $1,000 every day!

👉 Learn more: https://bitdelta.com/en/register?referralcode=securecex&utm_source=campaign&utm_medium=socialmedia&utm_campaign=pr (Compliance with the Terms and Conditions of BitDelta is required.)

Security is Not an Option – It’s the Foundation of Trust

Every hack is a reminder of why security should never be an afterthought. At BitDelta, we stay ahead of threats and cybersecurity innovation, so you never have to worry about your funds. Trade with confidence, security, and total peace of mind—because when it comes to protecting your assets, there are no second chances.

Trade with confidence, trade with BitDelta!

**Please visit the complete Terms and Conditions for the Bug Bounty Program on https://bitdelta.com/en.

About BitDelta

BitDelta is a versatile trading platform for retail and institutional traders that offers a comprehensive trading experience by enabling users to trade digital assets. With a focus on security, BitDelta offers robust encryption and institutional-grade protection to safeguard user transactions and data. The platform is designed to provide a seamless trading experience, support cross-asset trading, and offer features like buying cryptocurrency with a card, algo trading, token launchpad services, SafePass, and more. BitDelta is dedicated to improving user engagement and investment capabilities across multiple financial markets.

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Press Release

Forxl Markets: Driving Innovation to Open a New Chapter in Global Financial Trading

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In the increasingly complex and competitive global financial market, Forxl Markets has rapidly emerged as a leader in the financial services industry, driven by its advanced technological advantages and precise market insights.

 

As the demand for high-quality financial services continues to grow, Forxl Markets remains keenly aware of future market trends, dedicated to creating a more intelligent and personalized investment environment for traders. Through continuous technological optimization and service upgrades, Forxl Markets has not only made significant strides in its trading platform but has also secured a prominent position in the global financial services sector.

 

Innovative Platform: Providing Comprehensive Services to Global Traders

 

The technological innovation of Forxl Markets is the core driver of its success. Through ongoing research and development, the company has created a powerful and responsive trading platform that enables global users to trade various financial assets at any time. Whether it’s forex, commodities, stocks, or cryptocurrency and futures markets, Forxl Markets’s platform offers an exceptional trading experience, ensuring users can execute every trade quickly and accurately.

 

In terms of platform design, Forxl Markets uses the most advanced algorithms and real-time data streams to ensure the efficiency and low latency of trades, allowing users to stay ahead in a fast-moving market. Additionally, the platform provides a wide range of tools and features, including smart analysis, real-time price tracking, and decision support systems, helping traders make more precise investment decisions.

 

Diversified Financial Products: Meeting Diverse Investment Needs

 

One of the highlights of Forxl Markets is its diversified product line. The company offers clients a wide range of asset classes, including forex, commodities, stocks, bonds, cryptocurrencies, and more. Whether for professional investors or beginners, users can find financial products on the platform that meet their needs and help them achieve effective asset allocation and value growth.

 

Through detailed asset allocation services, Forxl Markets’s clients can flexibly choose the most suitable financial products based on their risk preferences, investment horizons, and return expectations to optimize their portfolios. To assist clients with asset management, Forxl Markets also regularly publishes market analysis reports and investment recommendations, providing timely market insights and investment guidance.

 

Security Assurance: World-Leading Fund Security System

 

As a leader in the financial industry, Forxl Markets understands the importance of fund security for traders. The company strictly adheres to international financial regulatory requirements and uses world-class security technologies to ensure a safe trading environment. The platform’s fund storage follows a strict deposit strategy, isolating client funds from company funds, and collaborating with top global banks to provide multiple layers of security for customer funds.

 

Furthermore, Forxl Markets strengthens its monitoring of the trading process to ensure that client funds are safeguarded against external threats. To combat potential cybersecurity risks, the platform employs the latest encryption technology, two-factor authentication, and firewall protection, ensuring that each client’s account information remains secure.

 

Transparency and Compliance: Building a Trust Foundation for Clients

 

Forxl Markets is committed to transparent operations, ensuring that clients are always aware of the platform’s operational status. The company regularly discloses fund usage and financial reports, ensuring all traders can clearly understand the platform’s financial flows and operational transparency. Additionally, Forxl Markets is authorized by regulatory agencies in multiple countries and regions, strictly adhering to the laws and regulations of the jurisdictions in which it operates, ensuring that every action on the platform complies with global financial compliance standards.

 

To further enhance customer trust, Forxl Markets has established strict internal auditing and monitoring mechanisms to ensure the fairness and transparency of platform operations. The company believes that through stringent compliance management and continuous transparency efforts, it can earn long-term trust and support from its customers.

 

Future Development: Continuous Innovation and Global Expansion

 

As the global financial market continues to evolve, Forxl Markets is actively preparing for the future, planning to further consolidate its leadership position through continuous technological innovation and global market expansion. The company will focus its efforts in the following areas to drive ongoing growth:

 

Smart Trading and AI Application: The company will increase its investment in artificial intelligence and big data to launch more intelligent trading tools and services, offering clients more personalized investment advice and risk management solutions.

 

Green Finance and Sustainable Development: Forxl Markets plans to actively participate in global green finance and sustainable development projects, promoting environmentally friendly financial products and supporting the global economic transition to a greener future.

 

Global Education Program: The company will expand its educational services, offering a broader range of financial training courses to help traders improve their investment skills and financial literacy. Whether new to trading or an experienced investor, users will have access to the latest market analysis techniques and investment strategies.

 

Global Strategic Partnerships: Forxl Markets will continue to strengthen its strategic cooperation with global financial institutions, advancing the construction of a global financial network and enhancing the platform’s ability to serve clients worldwide.

 

With its powerful technological support, diverse product offerings, and excellent security management, Forxl Markets has become a key player in the global financial market. Looking ahead, Forxl Markets will continue to uphold the principles of innovation and customer-centricity, constantly optimizing its technology and services to drive the full upgrade of global financial trading platforms. The company aims not only to provide users worldwide with a superior trading experience but also to contribute to the healthy development of the global financial market.

 

Through continuous innovation and global expansion, Forxl Markets will continue to play a significant role in the new era of financial services, creating greater value for clients and helping global traders seize opportunities and achieve wealth growth in an ever-changing market.

 

Contact:Seraphina Grace

Company:Forxl Markets

Email: Grace@forxlmarkets.com

Website: https://forxlmarkets.com

 

 

 

 

 

 

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Press Release

Bitomato Reaches 1 Million Monthly Visitors, Marking a Significant Growth Milestone

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London, United Kingdom—Bitomato, a centralized cryptocurrency exchange, has officially surpassed 1,000,000 monthly visitors. This milestone reflects the platform’s expanding user base and growing presence in the digital asset market, and it underscores its increasing adoption among crypto traders and projects.

Over recent months, Bitomato has experienced steady growth, driven by an expanding range of token listingsuser-friendly trading tools, and a strong global community. The exchange has gained traction among users exploring emerging digital assets, particularly within the meme token sector.

“Reaching one million monthly visitors is an important milestone for our platform,” said a Bitomato representative. “It highlights the increasing engagement from the crypto community and reinforces our focus on delivering a secure and accessible trading experience.”

Key Drivers of Growth

Several factors have contributed to Bitomato’s rising user activity:

  • Expanding Token Offerings – The exchange consistently lists new and trending digital assets, catering to traders looking for early-stage market opportunities.
  • Enhanced User Experience – Intuitive trading tools, referral programs, and interactive platform features contribute to an engaging trading environment.
  • Security and Transparency – Bitomato prioritizes user protection through advanced security measures and operational transparency.
  • Active Community Engagement – The platform supports international user communities, fostering direct interaction and market insights.

Future Developments

Building on this momentum, Bitomato is preparing to roll out new trading features, enhanced security measures, and strategic partnerships to support the next phase of its growth.

“This achievement reflects our platform’s progress, but we see it as just the beginning. We are committed to continuous improvement and innovation to serve our growing global user base,” added the Bitomato representative.

About Bitomato

Bitomato is a centralized cryptocurrency exchange specializing in meme tokens and emerging digital assets. Headquartered in London, United Kingdom, the platform is designed to provide a seamless and secure trading experience for both new and experienced traders.

For more information, visit https://bitomato.com

 

Media Contact

Organization: Bitomato

Contact Person: William Smith

Website: https://bitomato.com/

Email: Send Email

Country: United Kingdom

Release Id: 24022523550

The post Bitomato Reaches 1 Million Monthly Visitors, Marking a Significant Growth Milestone appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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