BoN

Investors demand millions from Amushelelo . . . as PG warns investors

Investors demand millions from Amushelelo . . . as PG warns investors

Andrew Kathindi Investors in Michael Amushelelo’s Forex Trading Corporation, which the Bank of Namibia (BON) has now deemed illegal, are demanding the return of their money. The funds which amount to millions of Namibian dollars had been invested in Amushelelo’s Project One Million and were subsequently frozen by the BON and are currently being used as evidence. According to sources, the money as a part of evidence will only be released once investigations by the Namibian Police have concluded. The Windhoek Observer also has it on good authority that of the millions, only a minimal amount was actually invested in…
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!Gawaxab starts work at BoN

!Gawaxab starts work at BoN

Staff Writer Johannes !Gawaxab officially started duty on Monday as third Namibian Governor of the Bank of Namibia following his surprise appointment by President Hage Geingob on 21 April 2020. As Governor,!Gawaxab will also serve as Chairperson of the Board of Directors of the Bank. On assuming duty,!Gawaxab said that he believes the central bank’s mandate is more than delivering on traditional roles such as monetary policy, and financial stability, but it is also about delivering on an economy that provides prosperity to Namibia. “Therefore, I aim to look at how best do we complement the collaborations between the monetary…
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