The Bank of Namibia and South Africa's Reserve Bank have signed a revised Memorandum of Understanding to strengthen cross-border cooperation and financial stability.

The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (NAMFISA) has called for the urgent implementation of the Financial Institutions and Markets Act (FIMA).

The Grootfontein Municipality's Acting Chief Executive Officer, Indileni Lungameni, says the Council has managed to stabilise its finances this year and will commence with key projects early next year.