Namibia: NSX moves towards public company structure – Business

The Namibia Securities Exchange (NSX) is preparing to change the ownership of the country’s main stock exchange after members voted to turn it into a company with share capital last week.

For decades, the NSX operated as a private association of rights holders, where only those who traded on the exchange had a say in its management.

The approved demutualisation will now separate ownership of the NSX from membership of the exchange, meaning owning a stake in the exchange will no longer…