Access Bank Namibia Limited Receives Provisional License from Bank of Namibia

The Bank of Namibia has issued a provisional license to Access Bank Namibia Limited, allowing the bank to start preparations for its banking operations in the country. Kazembire Zemburuka, the BoN Director of Strategic Communications and International Relations, confirmed that this authorization, granted under Section 12(5) of the Banking Institutions Act, 2023, took effect on 4 October 2024 and is valid for six months. During this period, the bank is required to fulfill all regulatory requirements to obtain full authorization to operate as a banking institution.