Aug 21

Trustco CEO criticises Bank of Namibia amid license suspension

Quinton van Rooyen, the chief executive of Trustco Group, has criticised the Bank of Namibia and its governor, Johannes !Gawaxab, in the wake of Trustco Bank’s suspension from operating as a banking institution. Van Rooyen has not held back in his criticism of !Gawaxab, accusing him of lacking the necessary expertise to lead the central bank effectively.