Bank of Namibia Launches Instant Payment Project

Today, the Bank of Namibia is set to unveil its Instant Payment Project, aiming to introduce faster and more efficient payment transfers. Instant payments, credited to accounts within ten seconds of processing, offer a swift alternative to traditional methods. Deputy Minister of Finance Maureen Hinda-Mbuende highlights the significance of this initiative, which aligns with global trends towards real-time financial transactions.

April 26, 2024 78

Business / Economics

Finance Ministry gives an updates on SME recovery loan scheme

The Deputy Minister of Finance Maureen Hinda-Mbuende re-launched the SME Economic Recovery Loan Scheme designed last year to assist Small and Medium Enterprises that have suffered difficult economic conditions. We contacted Minister Hinda-Mbuende for an update.

April 25, 2024 29