The Bank of Namibia (BoN) wants credit extension decisions to be taken locally, a move it says is not against foreign investment.

The Bank's Governor, Johannes !Gawaxab says the amount of credit extended to locals currently, especially Small and Medium Enterprises, is quite low.

The central bank is thus proposing amendments to the law to enable it to authorise Namibians to make credit extension decisions.

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Photo Credits
Namibian Presidency

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Blanche Goreses