The Namibian Stock Exchange (NSX) has been named the Best Stock Exchange Management (Africa) for 2023 by London-based Capital Finance International.
The NSX was recognized for several achievements, including its position as a stable and efficient alternative market addressing regional issuer needs through its established strategic partnership with the Johannesburg Stock Exchange and for offering a wide range of diversified products that benefit the investing public.
Moreover, the NSX was acknowledged for its efforts in educating listed companies about applicable governance requirements through the development of the Corporate Governance Code for Namibia (NamCode).
The exchange also earned praise for shaping the next generation of investors through mock trading challenges for students.
“This award reaffirms our mission to enable, develop, and deepen capital markets in Namibia as we continue to contribute to the growth and diversification of the economy,” NSX Chief Executive Officer Tiaan Bazuin said.
This comes as the NSX, according to the Bank of Namibia, has now joined the ranks of the top five exchanges on the African continent in terms of market capitalization, boasting an aggregate value of N$2.1 trillion and hosting 50 listed companies on the main board.
CFI.co (Capital Finance International) is a print journal and online resource reporting on business, economics, and finance.
