insert_link Africa Central Banks of Namibia and Angola Advance Payment Mechanisms to Boost Trade Governor Johannes !Gawaxab of the Bank of Namibia and Governor Manuel Dias of the Banco Nacional de Angola have jointly announced progress in developing payment mechanisms to enhance trade transactions between the two countries. Naufiku Hamunime, the Acting Director of Strategic Communications and International Relations at the Bank of Namibia. todayMarch 7, 2024 33
insert_link 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 5
insert_link Business / Economics Bank of Namibia maintains repo rate at 7.75% The Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, resulting in the prime lending rate remaining stable at 11.50 percent. Here is Governor Johannes !Gawaxab addressing the decision. The next meeting of the MPC will be held on 12 and 13 February 2024. todayDecember 6, 2023 14
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
