MPs deliberate on Banking Institutions Act
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Members of Parliament deliberated on the proposed Banking Institutions Bill 15 of 2023, a significant document aiming at updating the existing Banking Institutions Act of 1998.
Members of Parliament deliberated on the proposed Banking Institutions Bill 15 of 2023, a significant document aiming at updating the existing Banking Institutions Act of 1998.
Landless People's Movement (LPM) leader Bernadus Swartbooi has informed the National Assembly of his intention to table a motion that would see the recognition of historical Damara and Kavango traditional leaders of the colonial resistance period of the German reign.
Swapo lawmaker Jerry Ekandjo has presented a private member's bill in the National Assembly, calling for amendment to the Marriage Act, particularly to the definition of the term 'spouse', the banning of same-sex marriages, and any recognition of such unions in Namibia.
A heated debate unfolded in the National Assembly over the proposed amendments to penalties for companies failing to comply with regulations related to the maintenance of beneficial ownership records.
The National Assembly has made progress in passing urgent Bills crucial to preventing potential greylisting by the Financial Action Task Force.
Out of the thirteen pressing Bills, eight have already been passed and referred to the National Council for review.
The National Assembly on Tuesday started off on a rocky note as the Speaker, Professor Peter Katjavivi, asked Landless People's Movement (LPM) MP Henny Seibeb to refrain from cursing and using foul language in the house.
In a move to bolster the country's payment system infrastructure, the Minister of Finance and Public Enterprises submitted a notice of motion to introduce a Banking Systems Bill in the National Assembly.
The Minister of Agriculture, Water, and Land Reform, Carl Schlettwein, is displeased by the trend of postponement of motion debates in the National Assembly.
This worrying trend, he explains, results in either neglect of or indefinite delays in deliberation on issues of national concern.
Dr. Job Shipululo Amupanda, a prominent political science scholar and Senior Lecturer at the University of Namibia has submitted an urgent petition to the National Assembly, calling for an immediate halt to what he terms the rushed passage of 13 Bills.
The debate around whether commercial banks are profiteering from clients through what MPs call multiple unethical charges triggered intense discussion in the National Assembly.