馃嚦馃嚘NamibiaSouthern Africa
Bank of Namibia addresses high banking fees, anticipates gradual reduction
via The Namibian4 min read
The Bank of Namibia acknowledges public concern over high banking fees and profits, stating that reducing these charges will be a gradual process. Central bank governor Ebson Uanguta informed a parliamentary standing committee that measures and regulations are being implemented to contain fees. Commercial banks collectively earned N$15.9 billion last year, with N$5.0 billion, or 31.3% of total income, derived from fees. Uanguta expects significant progress within three years and urged banks to be more transparent about their charges. The Banking Institutions Act 13 of 2023 and the Payment System Management Act 14 of 2023 empower the minister of finance to regulate banking fees. The central bank also conducts financial literacy campaigns as many customers do not fully understand loan agreements. A parliamentarian raised concerns about the ownership structure of commercial banks and their repatriation of profits, questioning their contribution to Namibia's developmental goals. Earlier this year, some banking fees were revised, including the removal of card-swiping charges.
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This summary was AI-generated from a story originally published by The Namibian.
England secured third place at the 2026 World Cup by defeating France 6-4 in a high-scoring match. Both teams, having faced semi-final exits, made significant lineup changes for the game in Miami. England took an early lead with goals from Declan Rice and Ezri Konsa, followed by two goals from Bukayo Saka, making the score 4-0 by halftime. France's coach Didier Deschamps described the first-half performance as "catastrophic." In the second half, France mounted a comeback with Kylian Mbappe scoring twice, becoming the all-time leading World Cup goalscorer with 22 goals, surpassing Lionel Messi. Bradley Barcola also scored for France. England extended their lead further when Bukayo Saka completed his hat-trick from a penalty. Ousmane Dembele added a fourth goal for France, but Jude Bellingham scored England's sixth goal, becoming the first England player to score seven goals in a World Cup. This third-place finish marks England's best World Cup result since 1966. France, who were runners-up in the previous tournament, were eliminated by Spain in the semi-finals. The World Cup final will feature Argentina against Spain.
England secured a 31-24 victory over Argentina in the Nations Championship, with No 8 Ben Earl scoring two tries. The match, described as ill-disciplined, saw England claim their second consecutive win in the competition. Argentina, on the other hand, suffered their second defeat in three games. The game concluded dramatically when a potential equalizing conversion attempt by Argentina's fly-half Tomas Albornoz was disallowed after a late try by Bautista Delguy was chalked off following a review. England received four yellow cards during the game, and the build-up to the fixture included off-field tensions, such as England's back-rower Henry Pollock taunting Argentine fans. England captain Jamie George had previously stated his team would leave the field if subjected to racist abuse. The match also featured Argentina wearing a remake of their 1986 football kit, famously worn when they beat England in the World Cup quarter-finals. England led 19-3 at halftime, but Argentina mounted a comeback, narrowing the gap to two points at one stage. However, England regained control and sealed the win, despite ending the game with 13 men after two more yellow cards were issued in the final minutes.
Must ReadArgentina is one game away from becoming the third team to successfully defend the World Cup, with European champions Spain as their opponent. Historically, only Italy in 1938 and Brazil in 1962 have achieved this feat. Italy retained their title by beating Hungary 4-2 in the 1938 final, four years after defeating Czechoslovakia. Brazil, with Garrincha playing a key role, beat Czechoslovakia 3-1 in 1962, following their 5-2 victory over Sweden in 1958, despite Pele's injury. Other teams that reached the final in consecutive tournaments but failed to win include Argentina in 1990, who lost to West Germany after winning in 1986, and Brazil in 1998, who were defeated by France after triumphing in 1994. Most recently, France came close to retaining their title in 2022, with Kylian Mbappe scoring a hat-trick, but ultimately lost to Argentina on penalties.