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NEW: The Bank of Namibia is supporting a process to establish a central securities depository. PHOTO: FILE
NEW: The Bank of Namibia is supporting a process to establish a central securities depository. PHOTO: FILE

Central securities deposit to liberalise debt market

Opening up the market
International investors to gain access to local debt instruments.
Ogone Tlhage
The Bank of Namibia (BoN) is championing the introduction of a central securities depository (CSD) that, once launched, will give foreign investors greater access to Namibia’s debt instruments.

Speaking at a public engagement hosted in conjunction with the University of Namibia (Unam), BoN governor Johannes !Gawaxab said the central bank was helping liberalise Namibia’s financial markets.

“What we are trying to do is to have it dematerialised and have it electronically available. If the government has an auction available, it is not only local banks and investors that are going to participate in that – once the CSD is running – the whole world will have access to Namibia’s investments, whether bonds or shares,” he said.

The introduction of the CSD is important to Namibia’s financial market infrastructure.

“It will hold financial securities such as stocks and bonds in electronic form, facilitating the role of securities ownership on record,” !Gawaxab said.

The operationalisation of the CSD would ensure enhanced access of Namibia’s debt instruments to investors globally.

“It is a big transformation to get a CSD running. You are going to get foreign investors participating in our capital markets,” he said.

Central role

Meanwhile, the Namibia Financial Institutions Supervisory Authority (Namfisa) in March approved the establishment of the Central Securities Depository (CSD) Limited.

Namfisa spokesperson Victoria Raimond says this marks a pivotal moment for Namibia’s capital market industry.

“Central Securities Depository Limited, jointly owned by the Bank of Namibia and the Namibian Stock Exchange, is poised to play a central role in securely holding, safekeeping and settling securities such as shares, bonds, and various financial instruments in electronic form,” Raimond was quoted as saying at the time.

“The approval of Central Securities Depository Limited comes under the regulatory framework outlined in the Determination of Conditions Relating to a Central Securities Depository, issued in accordance with the Stock Exchanges Control Act of 1985,” she added.



NEW: The Bank of Namibia is supporting a process to establish a central securities depository. PHOTO:

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Allgemeine Zeitung 2024-11-01

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Katima Mulilo: 20° | 37° Rundu: 22° | 37° Eenhana: 21° | 37° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 23° | 36° Otjiwarongo: 20° | 36° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 14° | 20° Wind speed: 17km/h, Wind direction: SW, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 14° | 15° Wind speed: 15km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 20° Wind speed: 18km/h, Wind direction: W, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 18° | 36° Mariental: 20° | 38° Keetmanshoop: 21° | 38° Aranos: 19° | 39° Lüderitz: 15° | 28° Ariamsvlei: 20° | 38° Oranjemund: 14° | 21° Luanda: 25° | 26° Gaborone: 20° | 37° Lubumbashi: 18° | 32° Mbabane: 15° | 35° Maseru: 15° | 32° Antananarivo: 17° | 30° Lilongwe: 21° | 31° Maputo: 20° | 36° Windhoek: 19° | 34° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 19° | 32° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 17° | 31° Currency: GBP to NAD 22.76 | EUR to NAD 19.11 | CNY to NAD 2.48 | USD to NAD 17.65 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.96 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.88 | USD to KES 129.2 | USD to NGN 1650.44 | USD to ZAR 17.66 | USD to ZMW 26.78 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1867.43 Up +0.66% | Casablanca Stock Exchange (CSE) MASI 14269.96 Up +0.72% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 734.87/OZ DOWN -0.0043 | Copper US$ 4.34/lb DOWN -0.0022 | Zinc US$ 3 084.50/T UP 0.27% | Brent Crude Oil US$ 73.54/BBP DOWN -0.0123 | Platinum US$ 989.55/OZ DOWN -0.0004 Sport results: Weather: Katima Mulilo: 20° | 37° Rundu: 22° | 37° Eenhana: 21° | 37° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 23° | 36° Otjiwarongo: 20° | 36° Omaruru: 18° | 37° Windhoek: 19° | 34° Gobabis: 19° | 36° Henties Bay: 14° | 20° Wind speed: 17km/h, Wind direction: SW, Low tide: 08:56, High tide: 03:15, Low Tide: 21:17, High tide: 15:18 Swakopmund: 14° | 15° Wind speed: 15km/h, Wind direction: NW, Low tide: 08:54, High tide: 03:13, Low Tide: 21:15, High tide: 15:16 Walvis Bay: 13° | 20° Wind speed: 18km/h, Wind direction: W, Low tide: 08:54, High tide: 03:12, Low Tide: 21:15, High tide: 15:15 Rehoboth: 18° | 36° Mariental: 20° | 38° Keetmanshoop: 21° | 38° Aranos: 19° | 39° Lüderitz: 15° | 28° Ariamsvlei: 20° | 38° Oranjemund: 14° | 21° Luanda: 25° | 26° Gaborone: 20° | 37° Lubumbashi: 18° | 32° Mbabane: 15° | 35° Maseru: 15° | 32° Antananarivo: 17° | 30° Lilongwe: 21° | 31° Maputo: 20° | 36° Windhoek: 19° | 34° Cape Town: 16° | 24° Durban: 18° | 26° Johannesburg: 19° | 32° Dar es Salaam: 25° | 31° Lusaka: 19° | 31° Harare: 17° | 31° Economic Indicators: Currency: GBP to NAD 22.76 | EUR to NAD 19.11 | CNY to NAD 2.48 | USD to NAD 17.65 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.96 | USD to AOA 909.05 | USD to BWP 13.36 | USD to EGP 48.88 | USD to KES 129.2 | USD to NGN 1650.44 | USD to ZAR 17.66 | USD to ZMW 26.78 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1867.43 Up +0.66% | Casablanca Stock Exchange (CSE) MASI 14269.96 Up +0.72% | Egyptian Exchange (EGX) 30 Index 30658 Up +0.94% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 734.87/OZ DOWN -0.0043 | Copper US$ 4.34/lb DOWN -0.0022 | Zinc US$ 3 084.50/T UP 0.27% | Brent Crude Oil US$ 73.54/BBP DOWN -0.0123 | Platinum US$ 989.55/OZ DOWN -0.0004