Mauritian investment firm, Tadvest has listed on the Namibian Stock Exchange.
The company said in a statement on the NSX that it has been granted permission to have a secondary listing of all of the company´s issued shares on the main board of the NSX under the NSX share code: 'TAD' with effect from the commencement of trade on Friday.
"This will be a foreign inward listing and will constitute the company´s secondary listing," the company said.
Tadvest also listed on the Stock Exchange of Mauritius on 19 January issuing 60 million ordinary shares.
Tadvest is an investment holding company incorporated in November 2014 in Mauritius and currently holds a category one global business licence issued by the Financial Services Commission of Mauritius. The company has a portfolio of assets focused primarily in the real estate sector although it holds investments in the agriculture and the industrial sectors and intends to diversify in the renewable energy and healthcare sectors, according to information provided as part of its listing.
Tadvest intends to leverage its existing asset base to achieve diversification through strategic acquisitions.
The aim of the company is to emerge as a leading diversified investment holding company by focusing on businesses with high growth potential in Africa and across the world, it said.
It added that Tadvest's mission is to create sustainable growth for its shareholders by building up and investing into a diversified portfolio of businesses.
The company is an investment holding company with the primary objective of investing in attractive, high yielding and cash flow generative assets that provide investors with a combination of capital and income growth.
"Although the majority of the initial assets are in the real estate sector with attractive yields and capital growth, the strategy of the company is to diversify the portfolio and reduce the property sector-specific risk within the investment portfolio, thereby enhancing risk-weighted returns for investors," it said.
