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Namibia: Bank of Namibia plans retail bonds for low to mid-income earners – News

Namibia: Bank of Namibia plans retail bonds for low to mid-income earners – News

Africa Links 24 with Shania Lazarus, The Namibian
Published on 2024-08-28 17:00:00

The Bank of Namibia is set to introduce the country’s first-ever retail bonds that will allow low to medium-income individuals to invest in government debt.

The bonds will offer a safer and reliable investment alternative to illegal financial schemes, says Bank of Namibia spokesperson Kazembire Zemburuka.

“Unlike illegal financial schemes, retail bonds are backed by regulatory oversight, ensuring that your funds are safe,” says Zemburuka.

Retail bonds are a form of a…

Read the Full article on The Namibian

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