🇳🇦 Namibian Stock Exchange

Plans by former Minister of Finance Mr. Helmut Angula and co- investors for a possible second bourse appear to have gone nowhere after the regulator in the non-banking sector, the Namibia Financial Institutions Supervisory Authority this week told the Economist its reasons behind the refusal by the regulator to grant it permission. NAMFISA spokesperson Mr. Isack Hamata briefly explained why the regulator did not approve NAMFIN-X's application. "We confirm that an application was lodged with NAMFISA to issue a license for a second stock exchange to NAMFIN-X.

Mauritian investment firm, Tadvest has listed on the Namibian Stock Exchange.

In a circular released on the Namibia Stock Exchange News Service this week, private equity firm Stimulus announced that it had acquired 50% of the total issued share capital of Neo Paints for a transaction value of 14% of Stimulus’ portfolio.

Old Mutual today announces that its acquisition of a majority stake in Faulu Kenya DTM LTD has received the final required regulatory approvals from the Financial Services Board (FSB) of South Africa and the Central Bank of Kenya.