The Namibian Stock Exchange has unveiled a new name as it aims to diversify its capital market and work towards demutualisation.
It has rebranded to Namibia Securities Exchange (NSX), chief executive Tiaan Bazuin said in a statement on Tuesday.
The rebranding is part of the company’s drive to diverse its capital market, he says.
“The rebranding also marks a significant milestone in the goal towards demutualisation, though the process itself is not yet complete as there are still several key steps to be taken,” Bazuin says.
Demutualisation is the process of transforming a mutual organisation into a for-profit company.
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