Another positive year for NSX

The Namibian Stock Exchange (NSX) had a good year, considering the economic turmoil Namibia faced during 2016, according to its CEO, David Nuyoma. He recently reflected on the bourse's operational activities of the past year. “The NamCode has continued to be widely accepted and implemented in all sectors of the Namibian market,” he said of the adoption of the localised governance code. He was also proud to reflect on the NSX's ability to draw the attention of the International Finance Corporation. “The International Finance Corporation's issuance in Namibia as only the third African market shows the interest and trust in our markets and economy. Many more steps are required to truly open our markets, not least of which are the formalisation of our bond market and setting up a Central Securities Depository (CSD) for the trading in electronic scrip,” he said. The NSX had also managed to fund, from its reserves, a project to launch a Central Securities Depository. Said Nuyoma: “Formalisation of the bond market and the eventual launch of derivatives are expected to follow the CSD launch. We hope by developing the market in these projects, more Namibian companies will open their shareholder base and come to market by listing. “We further believe with the implementation of the CSD, it will open the Namibian market to additional interest from the international market which would increase the demand even more, not only for shares, but specifically on the bond market. The NSX is proud to be leading both these projects with the CSD expected to go live in the latter part of 2017,” he added. According to Nuyoma, the NSX was also able to revise its fee structure, reducing capital costs and allowing it to attract more market participants, increase net total assets, and participate in the debate on the requirements of the New Equitable Economic Empowerment Framework (NEEEF). He called for clear guidelines in the anticipated adoption of NEEEF. “As in most African markets, ours is plagued by small size and illiquidity and can only change by having more choice and depth. However, the exchange cannot force anyone to list their company and if they perceive uncertainty in the regulatory space, listing is a difficult step to take. It is therefore of the utmost importance to have clear guidelines on any requirements for Namibianisation, Black Economic Empowerment / New Equitable Economic Empowerment Framework and localisation.” “The NSX remains confident it has and will continue to serve the Namibian market well,” he concluded.OGONE TLHAGE

Another positive year for NSX

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Namibian Sun 2026-06-26

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Another positive year for NSX

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Namibian Sun 2026-06-26

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