insert_link Business / Economics Bank of Namibia and Development Bank Forge Alliance for Economic Growth The Bank of Namibia and the Development Bank of Namibia have signed a Memorandum of Understanding to bolster economic growth in Namibia. This collaboration aims to enhance their respective roles in driving sustainable economic development and improving social welfare. Sandra Garises, the Bank's principal communication officer. today18 June, 2024
insert_link Business / Economics 11-18 April 2024 Weekly Economics Wrap: Insights from Around the Globe Namibian Financial Landscape: The Bank of Namibia has decided to maintain the repo rate at 7.75 percent, signaling a cautious approach to monetary policy amid economic uncertainties. Sanlam Namibia reported significant growth in assets, reaching N$4.6 billion in 2023. CEO Tertius Stears expressed confidence in the company's performance, anticipating further growth in policy liabilities. Developments in South Africa: The South African rand experienced depreciation against the U.S. dollar amidst escalating […] today18 April, 2024
insert_link Business / Economics Bank of Namibia Extends Timeline for Implementation of Electronic Fund Transfer Regulations The Bank of Namibia has announced a postponement in the implementation of the new regulations governing electronic fund transfers within the national Payment System Determination. Sandra Garises, the bank's principal communication officer, disclosed that PSD-9, initially set to take effect by the end of April, will now be enforced on September 30, 2024. She explains what it entails. today15 April, 2024
insert_link Business / Economics 04 April 2024 Morning Biz News: Financial Highlights and Global Market Trends Here's a roundup of the latest financial news and global market trends shaping economic landscapes worldwide: Namibia's Oil and Gas Sector Attracts Significant Investments: The Bank of Namibia has reported that the oil and gas sector in Namibia has received N$33.4 billion in foreign direct investments between 2021 and 2023. Governor Johannes !Gawaxab highlighted the transformative potential of these investments, which have been catalyzed by a substantial oil discovery in […] today4 April, 2024
insert_link Namibia Bank of Namibia Honored for Transparency at Central Banking Awards The Bank of Namibia has received the prestigious transparency award at the annual Central Banking Awards, organized by Central Banking Publications. This recognition celebrates outstanding performance within the central banking community. Naufiku Hamunime, the Acting Director of Strategic Communications and International Relations at the Bank, shares insights on this achievement. today19 March, 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 Business / Economics South African Reserve Bank Keeps Repo Rate Unchanged, BoN Likely to Follow Suit The South African Reserve Bank has decided to maintain the repo rate at 8.25%, with the prime lending rate at 11.75%. The Bank of Namibia, usually aligned with the SARB to uphold the currency peg, is expected to follow suit. Currently, Namibia's repo rate is at 7.75%. The BoN's upcoming monetary policy meeting on 14 February will provide further insights. Insights from Salomo Hei, Managing Director of High Economic Intelligence. today26 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
