Chamwe Kaira
Sintana Energy Incorporated plans to list on the Namibia Securities Exchange (NSX) as it moves to open investment opportunities to local investors.
The company has appointed IJG Securities as its sponsor and corporate advisor. It has also started discussions with the exchange to be admitted for trading.
Once listed, the company plans to explore ways to improve share liquidity for Namibian investors.
The director of Sintana and chairman of Custos Energy Knowledge Katti said the listing is part of a long-term goal to increase local ownership in the energy sector.
“It has always been my vision to see Namibians, especially our youth, become true participants in the wealth that lies beneath our soil and waters. Sintana’s listing on the Namibia Securities Exchange is a realisation of that vision. This is more than a financial opportunity; it is a chance for young Namibians to diversify their futures, to build generational wealth, and to hold a direct stake in the energy story that will define our nation for decades to come.”
He said the move supports government goals under the sixth National Development Plan (NDP6).
“By opening ownership of Namibia’s offshore opportunity to Namibians, we are not just listing a company; we are planting the seeds of an ownership economy, one where every young Namibian can say, ‘This resource is mine, this future is mine, and I am invested in it,” he said.
Chief executive officer of Santana Robert Bose said Namibia has been central to the company’s growth.
“Namibia has been at the heart of Sintana’s progress since the opening of the offshore opportunity in 2022. We are excited to take an overdue step to offer local Namibian investors the opportunity to join us as owners of Sintana at this pivotal time for our company and Namibia’s energy industry. With upcoming activity across our offshore portfolio, we are keen to become the first oil and gas company to provide Namibians the opportunity to invest directly in the offshore opportunity and significant upcoming developments.”
Chief executive officer of NSX Tiaan Bazuin said the exchange is ready to support broader participation in the economy.
“The NSX stands ready as a conduit for Namibians to be part of the shareholding in our natural resources. We look forward to welcoming Sintana Energy to the NSX and encourage all sectors to open their shareholding base to their employees, the Namibian public, and our institutions. Our goal is twofold: to deepen and diversify the investing universe for all Namibians,” said Bazuin.
