insert_link Business / Economics Bank of Namibia awards bursaries to ten outstanding students 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: today7 February, 2025
insert_link Business / Economics Namibia to host AFI global policy forum in 2025 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 […] today29 January, 2025
insert_link Namibia Bank of Namibia to Unveil Commemorative Note For Geingob 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: today22 January, 2025
Uncategorized Bank of Namibia’s provisional licenses signal financial transformation 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 […] today17 January, 2025
insert_link Business / Economics Four Entities Granted Provisional Licensing by Bank of Namibia 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: today14 January, 2025
insert_link Business / Economics 10 January 2025 Morning Biz News Update: Growth in Milk Production, Trade Relations, and Economic Challenges Milk Production Surges Namibia’s milk production saw a notable increase in the third quarter, reaching 4.2 million litres, which marks a 7.5% year-on-year growth and an 11% rise compared to the previous quarter. According to the Bank of Namibia, the growth is attributed to the rise in the number of milk-producing cows and technological advancements that have improved production efficiency, reinforcing the positive outlook for the local dairy industry. […] today10 January, 2025
insert_link Business / Economics Namibians Spend N$151 Million on Streaming Services, Netflix Leads Namibians have spent a total of N$151 million on video downloads and streaming services, with Netflix emerging as the most popular platform, followed by Apple TV and Amazon Prime Video. The growth in streaming service usage is attributed to the convenience, flexibility, and ad-free content these platforms offer. According to the Bank of Namibia's recent discussion note, the value of video downloads and streaming has surged from N$62 million in […] today7 January, 2025
insert_link Business / Economics Economic Growth Slows As Inflation Declines According To BoN Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November. today18 December, 2024
insert_link Business / Economics Bank of Namibia Affirms Financial Stability Following Recent Review Naufiku Hamunime, the Acting Director of Strategic Communications and International Relations, shared updates from the Bank of Namibia’s Macro Prudential Oversight Committee. After their December 5th meeting, she confirmed that the financial system remains stable, with both banking and non-banking sectors maintaining sufficient capital and liquidity to handle potential losses. today13 December, 2024
