Groot Systems and PineSuisse Team Up in USD $1.5 Billion Joint-Venture to Launch Africa’s Largest Stock Exchange Powered by Blockchain
SASE expects to have daily post-trade activities, estimated to be more than USD $3 trillion and the Cillar Exchange Network (Cillarex) is to enable investors and entrepreneurs exchange their daily post-trade transaction amounts from the digital currency, Cillar, to any local fiat currency of any SADC member state or any other world’s major cryptocurrencies. - November 20, 2019
Groot Systems Closes USD $2 Billion in Strategic Funding Led by US-Based RNS Ventures
This funding of USD $2 billion (NAD $29.34 billion) sets the company’s valuation at USD $30 billion (NAD $484.8 billion), and PineSuisse is taking 70% of equity in Groot Systems, for its funding. - October 25, 2019
Groot Glass Appoints Germany-Based Suntrace GmbH as Technical Consultant for Its 80MW Solar (PV) Power Plant in Tses, Namibia
Groot Glass looks to appoint a reputable international EPC as the Main Contractor and a qualified local SME as the Subcontractor for the PV Farm, Electrical Substation and Civil Work for the Groot Solar Park in Tses. - May 07, 2019
Groot Glass Secures USD $525 Million in Debt Financing
Groot Glass (Pty) Ltd. has secured USD $525 million in debt financing, which is 70% of the total USD $750 million needed for the construction of the two different glass manufacturing factories in Tses Village of the Karas Region and the required infrastructure and raw materials from around Namibia,... - June 13, 2018
Groot Glass Seeks to Raise USD $26 Million (N$300 Million) in Pre-funding Through a Private Placement Offering
The Company has instituted a Private Placement Offering which is consisting of 400 million ordinary shares. A total of 350 million shares are reserved for the Namibian government at the cash value of USD $152 million (NAD $1.76 billion) which is equal to 17.5% shareholding for the Namibian government in Groot Glass. - February 20, 2018
Tses Glass Appoints Brain Gaoseb as Chairman
Tses Glass is being planned to have a gross annual production of 20 million net ton capacity, making it the largest dynamic glass manufacturing plant in the world. - September 01, 2012
Economist Simon Kapenda Nominated for the Prestigious 2012 Africa Awards for Entrepreneurship
Simon Kapenda, CEO and Chairman of Namibia-based Groot Group has been nominated for the prestigious 2012 Africa Awards for Entrepreneurship (AAE), "the Oscars of business and entrepreneurship in Africa," Gala Event to be held in Accra, Ghana on October 11, 2012. The Africa Awards for... - August 22, 2012
Tses Glass (Pty) Ltd Appoints IBP Construction Consultants (Pty) Ltd as Technical Engineers for Its World’s Largest Dynamic Glass Manufacturing Plant in Tses, Namibia
Tses Glass is planning to have all four separate manufacturing plants in a single location; to constitute 7 million net ton of Flat Glass, 7 million net ton of Container Glass, 1 million net ton of Fiber Glass, and 5 million net ton of Ultrathin Glass; for a gross annual total of 20 million net ton capacity, making it the largest dynamic glass manufacturing plant in the world. - August 12, 2012
Groot Group and Partners to Develop Africa’s Largest Glass Manufacturing Plant in Tses, Namibia
Tses Glass is expected to become the largest dynamic glass manufacturing factory in Africa focused on producing industry leading glass products with the type of float glass, hollow glass, glass wool and fiber, cast glass, and ultrathin glass for the construction of residential and commercial buildings as well as for automobiles, kitchenware, bottles, touch screen computing, and smart phones devices for the markets around the world. - July 19, 2012
Otavi Steel and Danieli Signed a Commercial Contract for the Otavi Steel Nanomill in Namibia
The Namibia-based steel mill premier, Otavi Steel, and the Italy-based company, Danieli, one of the world’s largest providers of steel making technology and equipment, signed a Commercial and Technical Agreement on March 7, 2012 for the development and construction of the Otavi Steel Nanomill... - April 27, 2012
Otavi Steel Business Convention at NamPower Convention Centre in Windhoek, Namibia
Join Otavi Steel (Pty) with its shareholding partners; Groot Group, SDS Group, Otavi Town Council, and Andre Neethling Family Trust, hosted by Simon Kapenda, PhD (Candidate), CEO of Groot Group; Moses Matyayi, CEO of Otavi Town Council; and Andre Neethling, Co-Founder of Ohorongo Cement, on Saturday, May 19, 2012 at NamPower Convention Centre at 09h00 in Windhoek, Namibia, as they discuss about Namibia's Rapid Industrialization Through the Development of the Otavi Steel Mill. - April 22, 2012
Groot Group, Otavi Town Council, Andre Neethling Trust, and SDS Group Form a Joint Venture for Africa's Largest Steel Mill in Otavi, Namibia
SMS Group South Africa, a wholly-owned subsidiary of the Germany based SMS Group and Italy based Danieli seek to provide the Otavi Steel Plant with the needed steel making technology and equipment, while South Africa-based Scorpion Mineral Processing has been selected for the Engineering, Procurement, and Construction Management (EPCM) for the Otavi Steel Mill Plant. - December 04, 2011
Groot Property Group (Pty) Ltd Welcomes Engineers and Developing Partners for the Otavi Steel Mill Plant in Otavi, Namibia
Executives will separately meet with the Company Executives, Otavi Town Council Management Committee and the Officials from Namibia Ministry of Trade and Industry in Otavi to tour the Otavi area and make special presentations. - November 06, 2011
Groot Property Group (Pty) Ltd and Western-Europe Based Partners to Build a 10 Million Metric Tons of Output Capacity Steel Mill Plant in Otavi, Namibia
Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Wire and Cable Plant, Engineering College, Medical Center, and more related industrial projects that would enable... - October 10, 2011
Groot Property Group (Pty) Ltd to Build 900 MW Gas-Fired Power Plant in Namibia
For the first time in the history of Namibia, the country will no longer be a net importer of electricity, but a producer and exporter of a cost effective, cleaner, safer, reliable, and environmental friendly power generation for the entire Namibia. - October 04, 2011