Trustco, which emerged last year from a gruelling fight with the Johannesburg Stock Exchange, where it is listed, has secured a close to N$1 billion investment from an American company.

Deputy Chief Executive Officer of Trustco, Quinton van Rooyen Junior, said the investment is a vote of confidence in Namibia's future.

In an interview with nbc News about the investment of N$950 million, Van Rooyen Junior said foreign investors should, before putting their money down, look at how safe the country is, its legal and financial environment, and its governance structures.

Trustco has informed its shareholders that its suspension by the Johannesburg Stock Exchange, JSE has been lifted and that its shares will start trading today.

The news of the lifting was welcomed by the Deputy Chief Executive Officer, of Trustco Group, Quinton van Rooyen Junior. 

The JSE-listed financial services, property, and mining company were suspended from the bourse in November for overstating its financial results.

The fight between Trustco and the Bank of Namibia is far from over, as the two were again involved in a tit-for-tat this week, with a judgement against the central bank and a fresh application by the latter to have Trustco Bank liquidated.

The Bank of Namibia made a fresh application to the High Court that Trustco Bank be liquidated on November 2, and a day later, on November 3, a client of Trustco won an application in the High Court preventing and stopping the central bank from its intentions to take steps against the private bank.