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...
November 15, 2024
Tag: securities
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Namfisa greenlights central securities depository
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....
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NAMFISA approves Central Securities Depository Ltd licence
Namibia Financial Institutions Supervisory Authority (NAMFISA) has approved Central Securities Depository Limited as a central securities depository (CSD) in Namibia, with the aim to centrally hold, safe keep and settle securities such as shares, bonds, and other financial instruments in electronic form. The Central Securities Depository Limited is jointly owned by the Bank of Namibia...
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Govt successfully raises funds through securities auction
IN a recent move to secure funds, the Namibian government successfully raised N$64 million through its recent auction of internal registered stock (IRS) and inflation-linked bonds (ILBs). Held yesterday, the auction attracted strong investor interest, with bids totalling N$131 million. According to the Bank of Namibia, Namibian government securities are issued in the form of...