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Economy / Namibia

A Bad Fourth Quarter

February 2009 | Ratings Update

Namibia Financial Institutions Supervisory Authority (NamFISA) CEO Rainer Ritter has been placed under 24-hour police protection and taken a one-month holiday for health reasons after he suspended two NamFISA managers suspected to be involved in corruption. Ritter alleges that his wife and mother-in-law have been followed by unknown individuals. Three investigations are currently taking place in connection with NamFISA, two by

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