The Bankers Association of Namibia (BAN) held a chairmanship handover ceremony yesterday in Windhoek.

Insufficient budget allocations have delayed completion of the Kavango West Regional Council Office, forcing the council to spend N$120,000 monthly on rent since construction began in 2021.

The Kavango West Region's 2025/2026 budget falls short of addressing critical needs, according to local leaders, with allocations of N$68 million for capital projects and N$48 million for operations deemed too minimal.

The Kavango West Regional Development Coordinating Committee has concluded its deliberations on the budget allocation of close to N$400 million for the 2025/2026 financial year.

Namibia is facing a growing public debt with levels projected to exceed N$168 billion, surpassing 70% of its Gross Domestic Product.

The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (NAMFISA) has called for the urgent implementation of the Financial Institutions and Markets Act (FIMA).