By Michel Haoses. In compliance with regulatory directives, FNB Namibia has unveiled alterations to the process of making and receiving payments across borders within the Common Monetary Area (CMA), encompassing Namibia, Eswatini, Lesotho, and South Africa. Effective from 15 April, these changes will impact how clients engage in cross-border transactions. According to FNB Namibia Payments...
December 27, 2024
Tag: Common
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The most common types of bank fraud
International law states that any illegal act involving deception to obtain money from a financial institution or a bank’s depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain money illegally. Nowadays, fraudsters are continuously coming up with different ways to steal people’s hard-earned money. The following...
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Know the most common types of bank frauds – Business Express
By Johnny Truter International law states that any illegal act involving deception to obtain money from a financial institution or a bank’s depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain money illegally. Nowadays, fraudsters are continuously coming up with different ways to steal people’s hard-earned...
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Know the most common types of bank frauds
International law states that any illegal act involving deception to obtain money from a financial institution or a bank’s depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain money illegally. Nowadays, fraudsters are continuously coming up with different ways to steal people’s hard-earned money. The following...
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Electricity and Communications Regulator set out framework for cooperation in areas of common interest
The country is set to implement the Universal Service Fund, as outlined in section 56 of the Communications Act, No. 8 of 2008. This move comes as part of a Memorandum of Understanding (MoU) between the Electricity Control Board (ECB) and the Communications Regulatory Authority of Namibia (CRAN). The MoU, which encompasses various aspects, including...
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Holding of Namibian cattle for ransom at northern border a common practice
Close to 400 cattle stolen in Zambezi this year Staff Reporter THE Minister of Gender Equality and Poverty Eradication Doreen Sioko has expressed concern about the high cases of cattle stolen in the Zambezi region, as Namibians have to initiate cross border negotiations and pay ransom to recover their stolen animals. The minister highlighted that...
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Breast cancer, the second-most common cancer in Namibia
Breast cancer has affected the lives of countless Namibian women and their families, but Namibians are determined to improve breast cancer awareness, early detection, and treatment. The Cancer Association of Namibia (CAN) and Roche Pharmaceuticals hosted a breast clinic at Walvis Bay, in Windhoek, and at Otjiwarongo and Tsumeb between 13 and 16 September. Local...
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Economist explains how BRICS common payments system will affect Namibia
The BRICS group of emerging-market nations will discuss deepening the use of local currencies in trade between member states at a summit in South Africa next week. With the talks expected to focus on issues including the establishment of a common payments system, we reached out to local economist Theo Klein for comment. https://futuremedia.com.na/wp-content/uploads/2023/08/ENG-Theo-Klein-BRICS.mp3 Source...
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Kganyago plays down common African currency
South African central bank chief Lesetja Kganyago has said adopting a region-wide common currency was a political project, and then spelled out exactly why it would probably never happen. “Why do you need to have an African currency? You need to have macroeconomic convergence,” the South African Reserve Bank governor said on Tuesday during a...
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Aztiq and Innobic Announce Pricing of Secondary Sale of Lotus Common Stock by AEMH
LONDON and BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners (“Aztiq”), a private equity company focused on the life sciences sector, and Innobic (Asia) Company Limited (“Innobic”), the life science arm of Thai oil and gas conglomerate PTT Public Company Limited (“PTT”) (collectively, “the shareholders”), today announced the pricing of a sale...