Bank of Namibia engages stakeholders on oil and gas projects in the //Karas region

Bank of Namibia engages stakeholders on oil and gas projects in the //Karas region

Bank of Namibia Governor, Johannes !Gawaxab, has engaged stakeholders in Lüderitz about the potential from recent oil and gas discoveries and green hydrogen projects. The event, spanning from April 3 to April 4, 2024, included a public lecture titled "Positioning Namibia’s Oil & Gas Endowments: Avoiding the Dutch Disease". Kazembire Zemburuka, Director of Strategic Communications and International Relations, at the Bank of Namibia.

April 4, 2024 65

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 […]

April 4, 2024 7

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.

March 19, 2024 38

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.

March 7, 2024 60

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.

December 18, 2023 13

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.

December 6, 2023 30