Namibia Launches Central Securities Depository, Ushering in Fully Digital Capital Market Era
The Namibia Securities Exchange (NSX), working alongside the Bank of Namibia (BoN) and under the oversight of NAMFISA, has officially launched the Central Securities Depository Limited (CSD), marking a major step in the digital transformation of the country’s capital markets.
The rollout of the CSD ends years of delays caused by outdated regulations that previously prevented its establishment. Following regulatory reforms and the issuing of a licence in March 2024, the NSX, BoN and financial market players collaborated to design and implement a fully electronic post-trade system.
The new CSD replaces paper-based securities registration and settlement with an electronic, integrated platform that will house securities digitally, support electronic clearing and settlement, and manage corporate actions. All payments will now be processed through the Bank of Namibia in line with international financial market infrastructure standards.
