Bank of Namibia (BoN) Deputy Governor, Ebson Uanguta been appointed as the interim Commissioner of the Namibia Revenue Agency (NamRa).
The debt owed by State Owned Enterprises (SOE) declined from 6.1 percent in 2016 to 5.7 percent in 2017, the Bank of Namibia (BoN) said in its 2017 Financial Stability Report.
Secretary to Cabinet, George Simataa, believes that the N$200 million that the SME Bank “invested” in South Africa would not have been lost had the Bank of Namibia (BoN) not removed the board he chaired.
Bank of Namibia (BoN) Governor, Iipumbu Shiimi, says companies and individuals that received loans from the scandal-hit financial institution, SME Bank, will have to pay back their loans in full even if it closes.
The macro-prudential policy in the form of loan-to-value (LTV) regulation, implemented in March this year, is likely to contribute to reduced concentration risk for commercial banks, as well as promote preferential access to housing for first-time buyers, Bank of Namibia (BoN) says.