The Bank of Namibia (BoN) has so far paid out N$ 85,9 million to SMEs through its SME Economic Recovery Loan Scheme.
The Scheme is designed to support SMEs in an effort to promote economic recovery.
Metcalfe Beukes Attorneys is calling on the Bank of Namibia (BoN) to intervene in how commercial banks deal with defaulting home loan holders.
The Bank of Namibia (BoN) announced on Wednesday that some of the COVID-19 relief measures will remain in place to support economic recovery.
The Namibian banking institutions have solid financial buffers to withstand risks from internal and external shocks.
The Bank of Namibia gave this assurance following financial turbulences in banking institutions in the United States and Europe.
The Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) have prioritized trade facilitation through payment system integration enabled by digital capabilities as a means of realizing the efficient movement of goods and services between the two countries.
The Bank of Namibia has declined to comment on the alleged N$60 billion theft case currently being investigated by the Namibian Police. Instead, after being approached for comment on the alleged theft, BoN Director of Communications Kazembire Zemburuka directed nbc News to the Namibian Police.
The fight between Trustco and the Bank of Namibia is far from over, as the two were again involved in a tit-for-tat this week, with a judgement against the central bank and a fresh application by the latter to have Trustco Bank liquidated.
The Bank of Namibia (BoN) is warning the public to be on alert as there is an increase in "419 scams", well-known for duping unsuspecting participants of non-existent investment funds into paying a certain amount of money to fraudsters.
