15
Sep
Martin Endjala The Bank of Namibia (BoN) is on the verge of introducing the Banking Institutions Act of 2023 (Act 13 of 2023), and the Payment System Management Act of 2023 (Act no. 14 of 2023), which will empower the Minister of Finance and Public Enterprises to make regulations relating to fees and charges imposed by banking institutions on their clients. While announcing this yesterday, BoN Acting Director for Strategic Communications and International Relations, Sandra Garises, said service charges by banking institutions on their clients have been receiving the public and the legislature’s attention, which prompted the government to draft…