The Namibia Depository Guarantee Authority (NDGA) says its investment value increased to N$16.2 million by the end of the 2022 financial year attributed to premiums received and interest earnings. NDGA head, Florette Nakusera, said the fund’s assets remained safe and secure, having been invested in line with the approved investment policy and guidelines. “In this...
Niël Terblanché In a significant development for Namibia’s financial market, the Namibia Financial Institutions Supervisory Authority (Namfisa) has announced the approval of the Central Securities Depository (CSD). According to Victoria Raimond, spokesperson of Namfisa, the approval of a CSD is set to revolutionize stock trading in the country. She added that the establishment of the...
The Namibia Financial Institutions Supervisory Authority (Namfisa) has approved the establishment of the Central Securities Depository (CSD) Limited. The introduction of a CSD in Namibia is expected to revolutionise trading activities by providing a centralised platform for safekeeping and settlement. Namfisa spokesperson Victoria Raimond says this marks a pivotal moment for Namibia’s capital market industry....