Namibia lists first capital pool company, Nimbus.

Namibia has listed its first capital pool company -- a collective capital raising vehicle by like-minded institutions and individuals who want to develop investments.

Nimbus Infrastructure Ltd listed on the Namibia Stock Exchange on Friday via a private placement of shares, raising more than N$100 million. The listing was a joint initiative between Cirrus Capital, telecoms leader Paratus Namibia and Cronje & Company.

“The Nimbus listing boasts exciting opportunities for Namibia, as not only does it focus on the fast-growing ICT sector across the continent, but in so doing, it offers a strong diversification opportunity for the funds of institutions and individuals alike, allowing diversified jurisdiction, currency and sector returns for investors,” the company said in a statement.

“Further to this, as Namibia’s first CPC, Nimbus represents an opportunity to prove a new concept that will likely form a critical part of the future development of the Namibian real and financial sectors,” it said.

- African News Agency