Namibia Power Corporation has successfully listed a N$5 billion Domestic Medium-Term Note Programme on the Namibia Securities Exchange, enabling the utility to raise funding through various debt instruments aligned with strategic projects and sustainability goals. The listing follows a two-year preparation process and provides NamPower with flexible, cost-effective access to capital markets while supporting Namibia's energy sector expansion.
Namibia Power Corporation has successfully listed a N$5 billion Domestic Medium-Term Note Programme on the Namibia Securities Exchange, enabling the utility to raise funding through various debt instruments aligned with strategic projects and sustainability goals. The listing follows a two-year preparation process and provides NamPower with flexible, cost-effective access to capital markets while supporting Namibia's energy sector expansion.
The Namibia Power Corporation successfully listed its N$5-billion domestic medium-term note programme on the Namibia Securities Exchange, in partnership with Cirrus Securities and Nedbank Namibia. The programme allows NamPower to issue a range of notes, including green and sustainable notes, to fund strategic projects while contributing to Namibia's financial sector development.
Namibia Power Corporation has successfully listed a N$5 billion Domestic Medium-Term Note Programme on the Namibia Securities Exchange in partnership with Cirrus Securities and Nedbank Namibia. The programme allows NamPower to issue multiple tranches of notes with varying terms to access domestic capital markets flexibly and support strategic growth objectives.
Ongwe Minerals Inc, a Canadian-listed gold exploration company operating in Namibia, has listed on the Namibia Securities Exchange under the symbol "ONG" with trading commencing on 15 April. The dual listing is designed to allow local and institutional investors easier access to the company's shares and upcoming capital raises.
Savanna Beef Processors, recently granted an export certificate, will send its first beef consignment to the United Kingdom, EU, and EFTA countries through Walvis Bay at the end of April, exporting matured deboned chilled/frozen beef cuts. The producer-owned facility aims to add value to Namibian livestock production and retain weaners domestically rather than see them exported live to South African feedlots.
Sintana Energy, a Canadian company listed on the London Stock Exchange, has announced plans to trade on the Namibia Securities Exchange (NSX). The company aims to give Namibians an opportunity to invest directly in offshore oil developments.
Savanna Beef has received an export abattoir certificate from the Ministry of Agriculture, enabling it to export deboned chilled and frozen beef cuts to the UK, EU, and EFTA countries. The company aims to slaughter 50,000 cattle locally each year that would otherwise be exported as weaners to South African feedlots, aligning with Namibia's "Growth at Home" vision and creating around 240 jobs when at full operation.
The Ministry of Agriculture has approved Savanna Beef Processors to export beef to the United Kingdom, European Union and EFTA countries, with the company planning to slaughter about 50,000 head of cattle per year. The export certificate, valid until April 2027, marks a major milestone after three years of effort.
FirstRand Namibia has appointed Conville Britz as a non-executive director effective 1 April, in accordance with NSX listing requirements. Britz, currently general manager for strategy and projects at the Government Institutions Pension Fund, brings experience in strategy and institutional investment to the board.
Oryx Properties is launching an unlisted property fund valued at N$8–10 billion, with the Government Institutions Pension Fund as anchor investor, designed to address liquidity constraints in Namibia's unlisted property market and create a pipeline for assets into its listed platform.