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

Bank of Namibia

73 Results / Page 8 of 9

Background
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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 […]

todayJanuary 11, 2024 8

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Namibia

Bank of Namibia and the Mines ministry have solidified their dedication to propelling the national economic agenda

The Bank of Namibia and the Mines and Energy ministry have solidified their dedication to propelling the national economic agenda within the burgeoning mining and energy industries. They have formally signed a Memorandum of Understanding to this effect. Ratified by Johannes !Gawaxab, the Governor of the Bank of Namibia, and Thomas Alweendo, the Minister of Mines and Energy. Sandra Garises, the Principal Communications Team Leader at the Strategic Communications and […]

todayDecember 22, 2023 11

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Business / Economics

The Bank of Namibia considers banking sector resilience buffer

The Bank of Namibia is considering adding a counter-cyclical capital buffer to improve resilience in the banking sector. This buffer, a macroprudential policy tool, recognises the dynamics of financial markets and economic activity. Its purpose is to strengthen banks against potential losses during economic stress periods. BoN Governor Johannes !Gawaxab says the central bank will begin consultations with the industry regarding the buffer's implementation.

todayDecember 18, 2023 13

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Namibia

BoN and NamRA succesfully launch the country’s inaugural Trade Verification System to monitor cross-border transactions

The Bank of Namibia, in collaboration with the Namibia Revenue Agency, has introduced Namibia's inaugural Trade Verification System to oversee cross-border transactions. This initiative is geared towards curbing illegal capital outflows and advancing financial transparency within the country. Steven Ndorokaze, spokesperson for NamRA, shared insights into this crucial initiative.

todayDecember 14, 2023 27

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Local

The Namibian financial system remains stable, sound, and resilient amidst a challenging global and domestic economic environment

  The Macroprudential Oversight Committee (MOC)1 of the Bank of Namibia (the Bank) held its second and last meeting of the year on the 07th of December 2023, to assess potential risks and vulnerabilities in the Namibian Financial System. Following a comprehensive assessment of domestic and global economic conditions, the Committee deemed the domestic financial system as stable, sound, and resilient. This is despite increasing risks and vulnerabilities stemming from […]

todayDecember 12, 2023 7

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Namibia

Bank of Namibia will announce its decision on the repo rate today

The Bank of Namibia will announce its decision on the repo rate today. The central bank's Monetary Policy Committee decided to continue safeguarding the peg between the Namibian Dollar and the South African Rand while supporting the domestic economy and keeping the Repo rate unchanged at 7.75 percent in October. Managing Director of High Economic Intelligence, Salomo Hei explains his expectations.  

todayDecember 6, 2023 28

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