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BoN amends regulations on loan-to-value ratios
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November 8, 2023November 8, 2023Uncategorized

BoN amends regulations on loan-to-value ratios

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The Bank of Namibia (BoN) has released amended regulations on loan-to-value ratios to stimulate property investment and support economic recovery. Under the new regulations, the loan-to-value (LTV) ratios for additional property purchases have been further relaxed. Borrowers seeking a mortgage loan for a second residential property will no longer need to provide a deposit. For...

SPWC amends constitution | nbc
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August 25, 2023August 25, 2023Uncategorized

SPWC amends constitution | nbc

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Swapo Secretary General Sophia Shaningwa inaugurated the amended Constitution of the Swapo Party Women’s Council (SPWC) at Omuthiya. During the 7th Ordinary Congress of the Swapo Party in Windhoek last year, revisions were made to the constitution of the SPWC to align it with the party’s framework. Shaningwa emphasised that the revision of the SPWC...