28
Jul
Niël Terblanché President Nangolo Mbumba has called for substantial reforms in Namibia’s banking sector to address the concerns of ordinary Namibians, particularly regarding the financing of entrepreneurial initiatives. The President made the request during a meeting held at State House on Friday with the top management of all commercial banks in Namibia. Mbumba pointed out the critical role that banks play in the country's economic and monetary stability. He stressed the need for banks to extend their mandates beyond traditional roles and actively foster entrepreneurship, drive innovation, and promote technological advancement. Mbumba pointed out that high interest rates, excessive bank…