The Bank of Namibia (BoN) has issued a warning to the public, highlighting a concerning rise in fraudulent investment scam activities.

These scams have been targeting and leveraging references to the Namibian government, its various ministries, offices, and agencies.

Namibia has 2,100 US$-millionaires, and its millionaire population is expected to grow by 60% or more over the next decade, up to 2032.

Rwanda, Zambia, Seychelles, the Democratic Republic of Congo, and Morocco are also expected to grow at the same rate as Namibia.