insert_link Namibia President Mbumba officially opens first Cabinet meeting of 2024 President Nangolo Mbumba has inaugurated the first Cabinet of 2024 at State House, pointing out the country's economic recovery in different sectors. Mbumba attributed the industry success to the Harambee Prosperity Plan initiated by late President Hage Geingob. President Mbumba also revealed that Namibia's economic growth exceeded pre-pandemic levels, reaching 7.2% in the third quarter of 2023. The Bank of Namibia's Economic Outlook projects a GDP growth of 3.4% for […] today13 February, 2024
insert_link Business / Economics Bank of Namibia expected to cut repo rate by 25bps as inflation cooling By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […] today13 February, 2024
insert_link Local Bank of Namibia warns against fraudulent investment scams. The Bank of Namibia (the Bank) has noted with concern an escalation in the number of fraudulent investment scam activities, targeting and using references to the Government, its Ministries, Offices, and Agencies. The Bank has identified fraudulent investment scam activities, offering unsolicited financial assistance to fund Namibia’s developmental initiatives, with perpetrators applying particular focus on senior public figures, high-ranking government officials, politicians, and civil servants, to promote the fraudulent […] today2 February, 2024
insert_link Namibia Bank of Namibia Strengthens Leadership with New Non-Executive Board Members The Bank of Namibia announces the appointment of Dr. Meshack Tjirongo, Adv. Eliaser Nekwaya, and Mr. Peter Kruger as non-executive members of the Board of Directors. Additionally, Mr. Ehrenfried Meroro has been re-appointed as a non-executive board member effective from tomorrow. These appointments align with Section 9 of the Bank of Namibia Act (2020). Ms. Naufiku Hamunime, Acting Director of Strategic Communications and International Relations, shared the news. […] today31 January, 2024
insert_link Local Bank of Namibia announces new board members. The Bank of Namibia is pleased to announce the appointment of Dr Meshack Tjirongo, Adv. Eliaser Nekwaya and Mr. Peter Kruger as non-executive members of the Bank’s Board of Directors and the re-appointment of Mr. Ehrenfried Meroro as a non-executive board member. These appointments, in line with Section 9 of the Bank of Namibia Act (2020), will take effect from 1 February 2024. Mr. Peter Kruger is currently […] today30 January, 2024
insert_link Namibia Bank of Namibia declares its inclusion in the distinguished Network for Greening the Financial System The Bank of Namibia is delighted to declare its inclusion in the distinguished Network for Greening the Financial System, a coalition of central banks and prudential supervisory authorities dedicated to promoting global environmental and climate risk management within the financial sector. Naufiku Hamunime, the bank's Principal International Relations and Sustainability Officer, shared this announcement. today12 January, 2024
insert_link Business / Economics Bank of Namibia joins the network for greening the financial system to drive sustainability in the Financial Sector 1. The Bank of Namibia is pleased to announce its membership in the esteemed Network for Greening the Financial System (NGFS), a group of central banks and prudential supervisory authorities committed to advancing environmental and climate risk management in the financial sector globally. As of 27 December 2023, the Bank of Namibia has been appointed as a plenary member, joining the ranks of 134 members and 21 observers within the […] today11 January, 2024
