Letshego listing diversifies local banking sector
The listing is testimony that we are ready to face the future together with optimism, NSX chairman David Nuyoma says.
Ogone Tlhage - The chairperson of the Namibia Stock Exchange (NSX), David Nuyoma, welcomed the local listing of Letshego Holdings Namibia (LHN) on Friday, saying that it came at an opportune time.
He said the listing came at an economically historic time when the country was facing all kinds of storms.
The NSX chairman noted that listings help individuals take part in ownership of well-run companies.
“The listing is testimony that we are ready to face the future together with optimism. The NSX is a decentralisation platform for opportunities, for everyone to have an opportunity to have access to good companies rigorously vetted,” Nuyoma said.
Finance minister Calle Schlettwein applauded LHN for listing, saying it was well executed.
“You have taken a dive into a shark pool but it is a well-prepared dive,” Schlettwein said at the listing ceremony.
According to him, the listing broadened the capital market and further diversified the local banking sector.
'Quantum of capital'
“The listing of Letshego Namibia today adds to this quantum of capital and it is significant in more than one respect. For certain, it adds to capital market deepening and diversification of the Namibian banking sector,” Schlettwein said.
“I commend Letshego Namibia for its successful listing. Your investment in the Namibian financial sector is impactful across several dimensions of economic progression and social transformation,” he said.
Letshego Namibia CEO Ester Kali was overwhelmed by the public interest in the listing. She said she had received phone calls until late Thursday evening, asking whether there was still enough time to acquire Letshego shares.
Kali said she even had to explain the concept of acquiring shares on the NSX to her nephew.
“When my nephew approached me he was so excited. He even said, ‘Aunty, every month I will receive N$500 which I will save to buy a television set’,” she recalled.
“I had to explain to him how buying shares on the NSX actually works, he was excited,” Kali said.
He said the listing came at an economically historic time when the country was facing all kinds of storms.
The NSX chairman noted that listings help individuals take part in ownership of well-run companies.
“The listing is testimony that we are ready to face the future together with optimism. The NSX is a decentralisation platform for opportunities, for everyone to have an opportunity to have access to good companies rigorously vetted,” Nuyoma said.
Finance minister Calle Schlettwein applauded LHN for listing, saying it was well executed.
“You have taken a dive into a shark pool but it is a well-prepared dive,” Schlettwein said at the listing ceremony.
According to him, the listing broadened the capital market and further diversified the local banking sector.
'Quantum of capital'
“The listing of Letshego Namibia today adds to this quantum of capital and it is significant in more than one respect. For certain, it adds to capital market deepening and diversification of the Namibian banking sector,” Schlettwein said.
“I commend Letshego Namibia for its successful listing. Your investment in the Namibian financial sector is impactful across several dimensions of economic progression and social transformation,” he said.
Letshego Namibia CEO Ester Kali was overwhelmed by the public interest in the listing. She said she had received phone calls until late Thursday evening, asking whether there was still enough time to acquire Letshego shares.
Kali said she even had to explain the concept of acquiring shares on the NSX to her nephew.
“When my nephew approached me he was so excited. He even said, ‘Aunty, every month I will receive N$500 which I will save to buy a television set’,” she recalled.
“I had to explain to him how buying shares on the NSX actually works, he was excited,” Kali said.
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