Staff Reporter COENRAAD Botha, who stands accused of receiving deposits from the public amounting to N$163 million without having a banking license, has said that he strengthened his business relations in Namibia after being told by Presidential candidate Ally Angula that the Bank of Namibia offered a “sandbox environment” for fintech startups. Botha and his...
November 2, 2024
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March 14, 2024March 14, 2024Uncategorized
Namibia: Central Bank Concludes Investigation Into Ponzi Scheme Duo
The Bank of Namibia has concluded an investigation into the alleged unauthorised banking activities of CBI Exchange Namibia and Coenraad Botha and the case is now in court. According to the spokesperson of the Bank of Namibia, Kazembire Zemburuka, the duo is suspected of engaging in banking transactions, including receiving, accepting, or taking deposits from...
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March 13, 2024March 13, 2024Uncategorized
Central bank concludes investigation into Ponzi scheme duo
The Bank of Namibia has concluded an investigation into the alleged unauthorised banking activities of CBI Exchange Namibia and Coenraad Botha and the case is now in court. According to the spokesperson of the Bank of Namibia, Kazembire Zemburuka, the duo is suspected of engaging in banking transactions, including receiving, accepting, or taking deposits from...