Namibia to increase green economy financing

The Namibia Stock Exchange (NSX), together with Botswana and Tanzania, announced their partnership with the United Nations Sustainable Stock Exchanges (SSE) initiative at the SSE Executive Dialogue on Green Finance, on Wednesday.

green economy
green economy

The event took place in Kenya and all three CEOs of the institutes participated in the dialogue which looked at the role stock exchanges can play in financing the transition to a green economy.

green economy
green economy
Namibia Stock Exchange (NSX) CEO, Tiaan Bazuin said that Namibia has long championed the cause of environmental protection as it was the first country in the world to include such wording in its constitution.

“The NSX also elaborated on it the Namibian Corporate Governance Code (NamCode). Accordingly we are very proud to join this initiative and benchmark our policies to international best practices,” he added.

At the discussion, Ligia Noronha, Director of UNEP’s Division of Technology, Industry and Economics said that, stock exchanges play a crucial role in driving the growing green economy that is vital to implementing the Paris Agreement and the 2030 Agenda for Sustainable Development.

“We welcome the commitments of the stock exchanges of Botswana, Namibia and Tanzania that are putting sustainability at the heart of their business strategy,” he added.

According to the Botswana Stock Exchange (BSE) CEO, Thapelo Tsheole, the partnership came at an opportune time when the BSE is positioning itself as an international player within global markets.

Meanwhile, with the addition of these three exchanges, there are now 14 stock exchanges in Africa who are members of the SSE. Enditem

Source: Xinhua/News Ghana

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