
Sintana Energy, a Canadian company, has announced its intention to trade on the Namibia Securities Exchange NSX, less than two months after its listing on the London Stock Exchange. The company has engaged with IJG Securities and the NSX regarding this move. Namibian businessman and Sintana director Knowledge Katti stated that the listing aligns with his vision for Namibians to participate in the country's wealth, offering an opportunity for young Namibians to invest in the nation's energy sector. Sintana chief executive Robert Bose expressed the company's hope to be the first to provide Namibians with a direct investment opportunity in offshore oil developments. Sintana Energy entered Namibian offshore oil exploration in 2022 by acquiring a 49% stake in Custos Energy, and currently holds stakes in six offshore petroleum exploration licences.
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This summary was AI-generated from a story originally published by The Namibian.