The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

BoN ready to defend its supervisory actions against TGH in court

BoN ready to defend its supervisory actions against TGH in court

Written by Maggy Thomas on 27 September 2022.

WINDHOEK, 27 SEP (NAMPA) – The Bank of Namibia (BoN) has announced that it will vigorously defend its supervisory actions to ensure that the country’s financial system remains sound and stable.
This follows an approach by Trustco Group Holdings (TGH) to the High Court of Namibia to seek recourse against BoN’s decision to deny TGH’s N.dollars 1 billion investment into the Namibia banking industry.
BoN’s Director of Strategic Communications and International Relations, Kazembire Zemburuka, in a media statemen ...

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