Namibian investment company Trustco — whose latest financial statements still show a worrying disparity between reported earnings and actual cash flows — will launch IPOs for its loss-making financial services division and fledgling diamond mining operations this year.

Deputy CEO Quinton van Rooyen confirmed at a recent virtual investor conference that both divisions could be listed in the early part of this year — with the diamond interests most likely set for a listing on the Toronto Stock Exchange.

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