Also known as: Small and Medium Enterprises Bank
Small and Medium Enterprises Bank in Namibia undergoing liquidation with recognition granted by Zimbabwe's High Court in July 2026.
Key points drawn from coverage. Tap a point to see the original sentence.
The Namibian
SME Bank underwent collapse
“It is astounding that the government, or rather the state, still considers itself qualified and trustworthy in light of: Fuelrot, Fishrot, SME Bank collapse, the Government Institutions pension Fund's missing millions, and low foreign direct investment and poor fixed investment rates.”
The Land Bill Demands a Land Audit: Accountability Over AcquisitionThe Namibian
SME Bank had vanish about N$250 million of depositor funds
“Then, for about three years, the Bank of Namibia allowed the SME Bank to get away with flouting basic rules such as submitting audited financials for taking some action in 2017 well after about N$250 million of depositor funds had vanished.”
The SME Bank DisgraceThe Namibian
SME Bank collapsed and lost N$350 million
“His handling of the SME Bank, which collapsed and lost N$350 million, proved a contentious issue.”
Shiimi’s road to treasuryThe Bank of Namibia won a Supreme Court appeal upholding its decision to forfeit more than N$40 million in a Nedbank Namibia account belonging to retired Democratic Republic of Congo general François Olenga to the state, reversing a High Court decision from June last year that had set aside the forfeiture.
9 July 2026 · The Namibian →
The Bank of Namibia won a Supreme Court appeal upholding its decision to forfeit more than N$40 million in a Nedbank Namibia account belonging to retired Democratic Republic of Congo general François Olenga to the state, reversing a High Court decision from June last year that had set aside the forfeiture.
9 July 2026 · The Namibian →
Zimbabwe's High Court has recognised the liquidation of Namibia's Small and Medium Enterprises Bank and granted liquidators Ian McLaren and Dave Bruni authority to recover the bank's assets in Zimbabwe. The court dismissed objections from Metropolitan Bank of Zimbabwe, a minority shareholder, and ruled that the legal requirements for recognising the Namibian insolvency proceedings had been met.
8 July 2026 · The Namibian →
The Namibian editorial argues that senior officials—advisers, executive directors, chief executives and civil servants—have a duty to speak truth to power and not remain silent to stay close to authority, citing the upcoming transitions of the prosecutor general and Anti-Corruption Commission director general.
14 June 2026 · The Namibian →
Martha Imalwa, the acting prosecutor general, says she is looking forward to leaving office at the end of the year. The Judicial Service Commission has restarted recruitment for a substantive prosecutor general after none of the eight shortlisted candidates met the required standard in a written assessment.
11 June 2026 · The Namibian →
David Bruni, a prominent liquidator known for handling high-profile cases including Air Namibia's liquidation and the SME Bank closure, has died aged 76. He is survived by his wife Gisela, three children, and two grandchildren.
7 February 2026 · The Namibian →
David Bruni, a prominent Namibian liquidator known for handling major cases including the Air Namibia liquidation, SME Bank closure, and Fishrot-related asset curatorship, has died aged 76. He is survived by his wife Gisela, three children and two grandchildren.
6 February 2026 · The Namibian →