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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Namibia Stock Exchange

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Business / Economics

14 November 2024 Morning Biz News Update: Quiet Local Market Amid Global Economic Shifts

  By Leonard Witbeen In the latest market developments, Namibia's local stock market had a relatively quiet session on November 13, with a total of N$1.16 million in value traded. According to the NSX daily report, the local market saw a volume of over 125,000 shares exchanged through 12 deals. While the day’s activity appeared subdued, the year-to-date figures paint a busier picture, with over 22 million shares traded, totaling […]

todayNovember 14, 2024 6

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Business / Economics

Paratus Namibia Holdings doubles market capital with N$ 600 million raise

Paratus Namibia Holdings Limited (PNH) has successfully raised over N$600 million through its recent Rights Issue and investment drive. The capital infusion has effectively doubled the company's market capital on the NSX.  The company says the raised capital was sourced from a diverse group of investors, including the Paratus Group (61,9%), Paratus employees (2,6%), institutional investors (34%), and retail investors (1,5%). Paratus Namibia Managing Director Andrew Hall adds that the […]

todayMay 16, 2024 94

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Namibia

Namibia Approves Central Securities Depository for Market Efficiency

The Namibia Financial Institutions Supervisory Authority has greenlit Central Securities Depository Limited to operate as a central securities depository. Jointly owned by the Bank of Namibia and the Namibia Stock Exchange, CSD will centrally manage securities like shares and bonds electronically, aiming to boost trading efficiency, market participation, and liquidity. NAMFISA spokesperson Victoria Muranda shared the update.  

todayMarch 22, 2024 75

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