Found this on the Republikein Online website.
THE Namibian financial sector, in consultation with Government, has been engaged in sector-wide consultations for the past few years with the aim of formulating a Charter for the sector. It has been agreed that the Charter will apply to all financial institutions, except SMEs as defined in the Charter. The Charter provides the framework for transformation and economic empowerment in the sector.
The Charter’s objectives are:
- To enhance the growth and development of the Namibian economy;
- Achieving broad-based transformation of the financial sector;
- Promoting Namibianisation of enterprises in the financial sector;
- Maintaining high standards of corporate governance in the sector. The Charter is a sector-wide consensus code of conduct for transformation of the Namibian financial industry. It sets out targets, the implementation process and mechanisms for review, monitoring and annual reporting of progress over the next ten years
The Charter is effective from 29 May 2009 and will remain valid until 31 December 2019. I can't seem to find a copy but other articles have listed other priorities as
- offering sustainable and affordable financial products and services aimed specifically at, and appropriate for, lower-income households
- addressing a number of important aspects like human resources development, affirmative procurement, access to financial services, empowerment initiatives financing, and the participation of empowerment groups in the ownership of financial institutions
If anyone has a copy of the charter I would really love to have a look at it.
On the subject of a FSC - I have heard that certain concessions
have been made over the last month or two and that our FSC might still
have a little life in it yet.
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