Namibian Stock Exchange rebrands

The Namibian Stock Exchange (NSX) has rebranded, and will now be trading as the Namibia Securities Exchange (NSX).

The institution’s business administrator, Justina Nghinamanhu, shared this at the conclusion of the 2024 iteration of the NSX’s scholar investment challenge. The rebranding was announced on 15 November.

“As we evolve, we are reaffirming our commitment to expanding and diversifying capital markets in Namibia, supporting wealth creation, and driving economic growth,” said Tiaan Bazuin, chief executive of the NSX, adding that this is a step forward in the NSX’s mission to provide transparent, reliable and safe access to capital markets.

“The rebranding is not just about a change in logo or design, but about aligning our identity with our vision for the future, which includes facilitating market expansion and providing opportunities for businesses and investors alike,” he said.

According to Bazuin, the new brand reinforces the NSX’s role in Namibia’s economic growth, enabling companies to raise capital, generate employment and contribute to national development.

In addition to the rebrand, the NSX, which falls under the Namibia Financial Institutions Supervisory Authority, also highlighted initiatives like the launch of the new bond system in 2023, which further supports the diversification of capital markets and positions Namibia as a leading investment destination.

After the rebranding announcement, focus shifted to celebrating the achievements of participants in this year’s scholars’ challenge. The NSX in partnership with RMB Namibia hosted the Namibian Scholars’ Investment Challenge (NSIC) – an educational contest that exposes secondary school pupils and tertiary education students to the NSX market and capital operations through a virtual challenge running over April to September.

This year’s competition invited participants to display academic excellence, innovation and financial acumen, while competing to achieve the highest returns on simulated investment portfolios.

“We are incredibly proud of the talent we have seen today. The competition is an opportunity for students to apply their knowledge and skills in a real-world context, and the results have been inspiring,” said Bazuin.

The top team in the competition were The Big III who scooped the top prize of N$30 000 with a return of 23%; followed by Crowd Fund who took home N$20 000 with a return of 14%; followed by the Warren and Munger Brigade in third place who won N$15 000 with a return of 10.1%.

Trading Titans came fourth and won N$10 000 with a return of 8.7%, and Euphoric2024 took fifth place and N$5 000 with a return of 8.4%.

The Namibian Stock Exchange (NSX) plays a crucial role in facilitating the growth and diversification of Namibia’s capital markets, said Bazuin. By providing a platform for businesses to raise capital, the NSX contributes to wealth creation and economic growth, ultimately supporting the development of Namibia’s economy, he added.