Mergence’s investment in Namibian solar plant signals further localisation

Local asset manager Mergence Unlisted Investment Managers (Namibia) has bought a majority stake in the 6 MW Momentous Solar One plant, near Keetmanshoop, in Namibia. “The purchase of a majority stake in the Keetmanshoop project signals a positive trend to localisation of the industry – a solar plant owned by Namibians for Namibians,” says Mergence portfolio manager Hileni Nghinaunye.