Namibia: Bank of Namibia says financial system stable despite global uncertainties – News

The Bank of Namibia (BoN) says the country’s financial system remains sound and stable, despite heightened global macro-financial uncertainties.

In a statement issued on Saturday, deputy governor Ebson Uanguta says the bank’s macroprudential oversight committee has held its second meeting of the year to assess risks and vulnerabilities affecting the domestic financial sector.

He says the committee concluded that the system continues to operate without disruption, supported by…