Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
The banking sector CEOs gathered for a strategic roundtable discussion this week, focusing on pressing challenges such as climate risk, cybersecurity, and regulatory policies. The event, hosted by the Bank of Namibia, carried the theme "Setting the Scene and Driving Impact for 2025," as highlighted by Ms. Naufiku Hamunime, Technical Expert in International Relations & Sustainability.
SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […]
Namibia: Interest Rate Cut and Oil & Gas Capacity Building The Bank of Namibia has lowered its key interest rate for the fourth consecutive monetary policy meeting, aiming to support economic growth amid stable inflation projections. On Wednesday, the central bank cut the repo rate by 25 basis points to 6.75%, following similar reductions in its last three policy decisions. The move is expected to provide relief to borrowers while […]
Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […]
The Bank of Namibia has awarded bursaries to ten outstanding students pursuing studies in key fields essential to the country’s development. The regulator's Sandra Garises says, through its long-standing bursary programme, the Bank continues to invest in the country's future by ensuring deserving students have access to quality education. Josefina Oskar from BON:
The Bank of Namibia, in partnership with the Alliance for Financial Inclusion (AFI), will co-host the AFI Global Policy Forum (GPF) in September 2025. The event will bring together global policymakers and regulators to discuss financial inclusion and its role in economic growth. Namibia will use the forum to showcase its progress in financial inclusion and highlight policy innovations that have expanded financial services to individuals and small […]
The Bank of Namibia will launch the Dr. Hage Gottfried Geingob Commemorative Banknote on February 10, to honor the late former President’s exceptional contributions to the nation. In accordance with Section 38 (1) of the Bank of Namibia Act 2020, the Bank holds exclusive rights to issue legal tender, including commemorative banknotes. The regulator's Josefina Oskar:
By: Hertha Ekandjo Simonis Storm’s Head of Investment, Max Rix, stated that the Bank of Namibia’s (BON) decision to grant provisional licenses to Fintech Technologies, United Paypoint, Mindex, Virtual Asset, and Landifa Bitcoin marks a pivotal moment for Namibia’s financial sector. “This move signals Namibia’s commitment to modernising its economy, embracing innovation, and aligning with global financial trends,” Rix said. However, he emphasised balancing opportunities with potential risks as this […]
The Bank of Namibia has granted provisional licences to Finatic Technologies, United PayPoint, Mindex Virtual Asset Exchange, and Landifa Bitcoin Trade under the 2023 Payment System and Virtual Asset Acts. BoN's Kazembire Zemburuka indicated in a press release that full licensing depends on meeting compliance conditions within six months. Stakeholder Engagement Officer, Strategic Communications and International Relations officer at the regulator Sonia Namadiko expands:
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