By Erastus Kalenga Hamunjela.
What is the NSX?
The Namibia Securities Exchange (NSX) is Namibia’s only stock exchange and serves as the central marketplace for buying and selling shares in publicly listed companies. Established on 30 September 1992, it operates under the regulation of NAMFISA (the Namibia Financial Institutions Supervisory Authority) in terms of the Stock Exchanges Control Act.
As of early 2026, 59 companies are listed on the NSX. These include major local firms such as FirstRand Namibia (FNB), Capricorn Group (Bank Windhoek), MTC, SBN Holdings (Standard Bank Namibia), and Namibia Breweries. The exchange also hosts several large dual-listed multinationals, including Anglo American, Shoprite, and Standard Bank Group, which are primarily listed on larger international exchanges but maintain secondary listings in Namibia.
Some Registered NSX Stockbrokers
| Broker | Contact Details |
| IJG Securities (Pty) Ltd | www.ijg.net | Tel: +264 61 383 530 |
| Cirrus Securities | www.cirrus.com.na | Tel: +264 61 256 666 |
| PSG Namibia | www.psg.com.na |
Step-by-Step: How to Invest on the NSX
Step 1. Educate Yourself Before You Invest
Before contacting a broker, take time to understand what you want to invest in. Visit www.nsx.com.na to access the full list of listed companies, recent company announcements, share prices, and market updates. Read annual reports and research reports from brokers. Understanding the business you are investing in is the foundation of sound investing.
Step 2. Contact a Registered Stockbroker
Reach out to one of the four registered NSX stockbrokers listed above. IJG Securities and Cirrus Securities are the two most active for individual retail investors. You can call, email, or visit their offices in Windhoek to express your intention to open a trading account. Ask about their brokerage fees, minimum investment requirements, and the account opening process before committing.
Step 3. Open Your Trading Account
The broker will provide account opening forms and a list of required documents. You will typically need: a certified copy of your Namibian ID or passport; proof of residential address such as a utility bill or bank statement not older than three months; your bank account details for fund transfers; and your tax identification number (TIN) issued by NamRA. Complete all forms accurately and submit them to the broker for processing.
| TIP The only requirements to invest on the NSX are that you must be 18 years or older and have a residential address in Namibia. You do not need to be wealthy, employed in finance, or have any special qualifications. |
Step 4. Fund Your Trading Account
Once your account is approved, transfer funds from your personal bank account into your brokerage account. Your broker will provide their banking details and a unique reference number to use when making the deposit. There is no universal minimum investment amount, this varies by broker, so confirm the requirements with them directly when opening your account.
Step 5. Decide Which Shares to Buy
With funds in your account, decide which NSX-listed company or companies you want to invest in. Consider companies you understand and use in your daily life, Capricorn Group (Bank Windhoek), FirstRand Namibia (FNB), MTC Namibia, SBN Holdings (Standard Bank Namibia), or Namibia Breweries. You can also ask your stockbroker for research reports and investment recommendations to help inform your decisions.
Step 6. Place Your Buy Order
Instruct your broker to buy shares on your behalf. You have two main options. A Market Order means you buy at the best available price in the market at the time of execution. A Limit Order means you set a specific price at which you want to buy, and the order only executes when the share reaches that price. Your broker will confirm the full details of your order before executing it on the NSX trading system.
| TIP You can choose to manage your own portfolio, making every buy and sell decision yourself, or give your broker a signed mandate to manage your account on your behalf. A managed portfolio is suitable for investors who are busy or less experienced and prefer professional guidance. |
Step 7. Monitor and Manage Your Investment
Your stockbroker will provide regular portfolio statements showing your holdings, current share prices, dividends received, and overall performance. You can also track live NSX share prices on www.nsx.com.na or through your broker’s research portal. Review your portfolio regularly, stay informed about the companies you own shares in, and maintain open communication with your broker about your financial goals and any major market developments.
| NSX Quick Facts Access: Through a registered NSX stockbroker only, you cannot invest directly Trading hours: Monday to Friday, 09:00–17:00 WAT (excl. public holidays) Listed companies: About 59 as of January 2025 Investment types: Shares (equities), bonds, ETFs, commodity ETFs Regulated by: NAMFISA (Namibia Financial Institutions Supervisory Authority) NSX website: www.nsx.com.na | Tel: +264 83 722 7647 |
Investing on the NSX puts you on the ownership side of the Namibian economy.
Every company on the NSX was built by people who started somewhere. Becoming a shareholder does not require wealth, it requires intention, preparation, and the willingness to show up. The opportunity is real. The market is open. The question is whether you will be in it.
Erastus Kalenga Hamunjela is a Namibian investment researcher and financial markets commentator with a strong focus on capital markets, investment literacy, and data driven financial education.
For Educational Investments, Business Consultation & Collaborations: erastuskalengier@gmail.com
