Kazembire Zemburuka

Central bank launches 24-hour whistle blower hotline

Central bank launches 24-hour whistle blower hotline

Tujoromajo Kasuto The Bank of Namibia (BON) has officially launched its own whistle-blower hotline, through which suspected misconduct by Bank officials can be reported using an independent, anonymous and secure whistle blower service. The bank’s Acting Director of Strategic Communications Kazembire Zemburuka says that it is committed to the principle of accountability and to develop a work culture in which employees, contractors, suppliers, consultants, and the general public are encouraged to disclose information about improper conduct and/or any violation of the bank’s Code of Ethics and Code of Conduct, as well as relevant laws, policies, and procedures involving staff members…
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BON payment system records milestone N$ 1 trillion settlements

BON payment system records milestone N$ 1 trillion settlements

Tujoromajo Kasuto THE Bank of Namibia’s (BON) Namibia Interbank Settlement System (NISS) has, for the first time since its inception in 2002, recorded a settlement value of N$ 1 trillion during 2021 due to high volumes. The hallmark milestone celebrates Namibia’s secure, reliable, and modern payment system. BON’s Acting Director of Strategic Communications, Kazembire Zemburuka, states that the NISS is a Real-Time Gross Settlement System (RTGS) that processes and settles time-critical payments. The highest settlement values recorded to date can be ascribed to the high volumes of the new domestic EFT system streams (NAMPAY), the utilisation of the lending facilities,…
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Commemorative banknote to start circulating

Commemorative banknote to start circulating

Staff Writer The N$30 commemorative banknote launched on Independence Day by the Bank of Namibia shall be available to the public as from Friday, 15 May 2020, the apex bank has announced. “ The public is also hereby informed that the N$30 commemorative banknote will only be issued at the tills, inside all commercial bank’s branches and not at the Automatic Teller Machines (ATMs),” BoN Deputy Director: Corporate Communications, Kazembire Zemburuka said. “To obtain the N$30 commemorative banknote from commercial banks, one will have to exchange an equivalent amount of the current family of banknotes or coins, for the banknote.”…
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