SWEDISH aid organisation, Sida, has extended a N$2,9-million concessional loan to the Namibian Stock Exchange to upgrade its computers for share trading and administration. The loan, to be repaid over 10 years, is expected to boost the exchange’s contribution to Namibia’s economic development. Phase One of the new computer systems — equity trading and client administration — has been online since last November. Phase Two, expected during 1999, is set to establish a Central Securities Depository to allow share trading without paper certificates. The project is being implemented through co-operation with the Johannesburg Stock Exchange.