Namibian bank that underwent liquidation following a 2021 High Court settlement, with liquidators continuing asset recovery efforts.
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The Namibian
Small and Medium Enterprise Bank fell into insolvency in 2017
“The Small and Medium Enterprise Bank (SME Bank) fell into insolvency in 2017 after N$247 million was allegedly siphoned from the bank.”
Houses of SME Bank’s Kamushinda up for auction, againTwo Windhoek properties owned by former SME Bank shareholder Enock Kamushinda's companies are set for a third auction on 17 March as liquidators seek to recover N$140 million owed following a 2021 High Court settlement. Previous auctions failed when successful bidders did not complete payment.
4 March 2026 · The Namibian →
Two Windhoek properties owned by former SME Bank shareholder Enock Kamushinda's companies are set for a third auction on 17 March as liquidators seek to recover N$140 million owed following a 2021 High Court settlement. Previous auctions failed when successful bidders did not complete payment.
4 March 2026 · The Namibian →