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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Bank of Namibia

73 Results / Page 2 of 9

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Business / Economics

3-10 October 2024 Weekly Economics Wrap: Domestic Activity Declines, South Africa’s LPG Boom, and Global Financial Developments

Economic activity in Namibia showed signs of a slowdown in the second quarter of 2024, with business registrations declining by 34% compared to the same period last year. According to the Bank of Namibia, both close corporations and private companies experienced downturns, with close corporations dropping by 37.7% and private companies by 8.4% year-on-year. In the realm of domestic debt, Namibia's total reached N$123.51 billion by the end of September, […]

todayOctober 10, 2024 4

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Business / Economics

Access Bank Namibia Limited Receives Provisional License from Bank of Namibia

The Bank of Namibia has issued a provisional license to Access Bank Namibia Limited, allowing the bank to start preparations for its banking operations in the country. Kazembire Zemburuka, the BoN Director of Strategic Communications and International Relations, confirmed that this authorization, granted under Section 12(5) of the Banking Institutions Act, 2023, took effect on 4 October 2024 and is valid for six months. During this period, the bank is […]

todayOctober 7, 2024 20

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Business / Economics

7 October 2024 Morning Biz News: Economic Activity Slows in Namibia Amid Currency Adjustments and Global Concerns

Business Registrations Decline in Namibia Economic activity in Namibia experienced a slowdown in the second quarter of 2024, with business registrations falling by 34% compared to the same period in 2023, according to data from the Bank of Namibia, as reported by The Brief. This downturn was evident in both close corporations, which saw a significant drop of 37.7%, and private companies, which recorded an 8.4% year-on-year decrease. The decline […]

todayOctober 7, 2024 23

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Business / Economics

4 October 2024 Morning Biz News: Cash Still King in Namibia, AgriSA Optimistic, and Oil Prices Surge Amid Tensions

Bank of Namibia: Cash Remains Vital in Financial System The Bank of Namibia has emphasized the enduring significance of cash in the financial landscape, with over N$5.2 billion in circulation for 2023. Despite the growing prevalence of digital payments, cash continues to play an essential role in everyday transactions such as groceries and transportation. AgriSA Optimistic Amid Challenges AgriSA remains hopeful about the agricultural sector's potential to adapt and drive […]

todayOctober 4, 2024 14

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Business / Economics

Bank of Namibia Governor Announces Instant Payments in 2025

Governor Johannes !Gawaxab of the Bank of Namibia delivered a public lecture at the University of Namibia titled "Modernising Namibia’s Financial Landscape for a Prosperous Future." He outlined the introduction of fast payments, or instant payments, allowing real-time fund transfers 24/7, set to launch in September 2025. The regulator's, Josefina Oskar .  

todayOctober 2, 2024 39

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Business / Economics

Bank of Namibia symposium highlights agriculture’s growth potential

The Bank of Namibia concluded its 25th Annual Symposium in Windhoek today, focusing on the theme, "Global Value Chains for Inclusive Development: How Can Namibia Position Its Agriculture Sector?" The event brought together experts and stakeholders to discuss strategies for strengthening Namibia's agricultural sector to drive inclusive growth. BoN Governor Johannes !Gawaxab, in his address, highlighted the critical role of agriculture in Namibia's economic development. He referenced a recent World […]

todaySeptember 19, 2024 46

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Business / Economics

Bank of Namibia warns public about Global Green Network

The Bank of Namibia has warned the public about Global Green Network after finding that it broke the Banking Institutions Act, of 1998. The investigation showed that the company was involved in illegal financial activities. As a result, the Bank advises people to stop dealing with Global Green Network immediately. BoN’s Strategic Communications Practitioner, Josefina Oskar.  

todaySeptember 18, 2024 31

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Business / Economics

Bank of Namibia Supports Oil and Gas Sector with Flexible Exchange Controls

The Bank of Namibia affirms that the country's Exchange Control Policies and Laws are designed to foster a supportive investment environment for the emerging oil and gas sector. These policies facilitate foreign direct investments by allowing investors to bring in and repatriate funds through commercial banks, ensuring smooth operations in exploration and capital-intensive projects. Sandra Garises, the regulator's principal communication officer.  

todayAugust 22, 2024 28

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