The leader of the Popular Democratic Movement (PDM), McHenry Venaani, has accused commercial banks of profiteering at the expense of Namibians
“This matter is very serious. Soon we are swearing in new members of parliament. All these young people here are renting. People earning N$40 000 a month are renting because they cannot afford houses,” he said on Friday.
Venaani attributed this to the lack of financing members of parliament and called for urgent action to address banks profiteering in Namibia.
Swapo member of parliament Philipus Katamelo said lawmakers need to stop creating “a mess”, citing the profiteering of banks as a result of making laws without considering ordinary Namibians.
He said laws that burden Namibians should be repealed.
Katamelo said the overcharging and profiteering of commercial banks must be relooked and corrected.
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
