The Bankers Association of Namibia (BAN) was established in 1997 and incorporated as a non-profit association under section 21 of the Companies Act 28 of 2004 as the representative trade association for the commercial banking sector in the country.

Economists are predicting the Bank of Namibia (BoN) will raise its benchmark interest rate by 0.75 percentage points in October, the second such rise in a row, and signal plans to raise rates again in the coming months. 

The Bank of Namibia has announced plans to review its legislative framework to create a suitable environment for the Central Bank's Digital Currencies (CBDCs) and Virtual Assets. 

Minister of Finance Iipumbu Shiimi has tabled the Cheque Bill in Parliament to mark a final end of Cheques as a mode of payment.

In recent years, access to credit has transformed the way individuals make purchase decisions. The availability of different payment options like prepayments, lay-by options, hire-purchase agreements and leasing arrangements have enabled consumers to afford items that would otherwise be out of reach with the traditional cash payments.

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