12
May
Staff Writer The Bank of Namibia (BoN) says it is still investigating whether the trending WhatsApp Stokvel are legal under the existing country’s banking laws. This comes as Namibians have been joining the stokvels as a means of making additional income under the harsh economic conditions persisting in the country. “Recently, the Bank has picked up a trending WhatsApp Stokvel, which it is assessing to determine whether it is permissible under the relevant provisions of the Banking Institutions Act of 1998, as amended,” BoN’s Deputy Director: Corporate Communications, Kazembire Zemburuka told the Windhoek Observer. He said the current laws does…