Property loan stock Vukile made its debut on the Namibian Stock Exchange on Wednesday - with the code VKL - as part of its strategy to expand its property portfolio in that country.

Speaking at a ceremony to mark the occasion, chairman Anton Botha said the dual listing was a demonstration of Vukile's confidence in the prospects for the Namibian economy in general and its commercial property sector in particular.

Vukile is also listed on the JSE. The company recently acquired the landmark BPI House in the Windhoek CBD for N$113 million, increasing the value of its Namibian portfolio to more than N$360 million and its physical size to some 60 000 m2 of gross lettable area over eight buildings.