The National Council Chairperson, Lukas Sinimbo Muha, has announced the resumption of the eighth session of the National Council, which is scheduled to last for the next three weeks.

He emphasised the importance of a speedy yet effective review process, with a particular focus on the eight urgent Bills that have already been referred to the council.

Namibia's financial system will continue uninterrupted, despite the greylisting of South Africa.

This assurance is given by the Bank of Namibia, following the rating of South Africa by the Financial Action Task Force (FATF).

The greylisting means that South Africa's financial system has deficiencies in fighting money laundering and terrorism financing.

BoN says Namibia was subjected to an evaluation exercise by the FATF last year and is making steady progress to address findings related to money laundering and terrorist financing.