Namibia to Expand Capital Markets With New Listings, Instruments

Namibia seeks to expand its capital markets by introducing new investment instruments, increasing local listings, and improving financial market infrastructure, according to a 10-year plan.

The southern African nation intends to introduce five new financial instruments annually, raise the number of registered investors by 70%, and increase the value of listed assets on the Namibian Stock Exchange to 75% of gross domestic product by 2035 from 17.3%, according to its Financial Sector Transformation Strategy published on Monday.

The plan forms part of efforts to attract long-term capital, grow business financing, and reduce the nation’s reliance on extractive industries. Last year ...