insert_link Business / Economics Bank Of Namibia Defends N$1 Coin Design Amid ‘Outere Dollar’ Talk The Bank of Namibia has addressed public concerns over the new N$1 coin, explaining that its design—showing two hands exchanging coins—was created to honour the country’s retail sector and highlight values like dignified trade, resilience, and economic inclusion. The Bank’s spokesperson, Kazembire Zemburuka, clarified that the nickname “Outere Dollar” (Khoekhoegowab for “give me”) was never part of the official intent. today4 August, 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 Environment Bank of Namibia Orders Financial Relief for Drought-Stricken Farmers The Bank of Namibia has directed local financial institutions to establish relief measures designed to support farmers and agricultural businesses facing severe financial difficulties caused by the ongoing drought. BoN’s Director of Strategic Communications and International Relations, Kazembire Zemburuka, explained that this move follows a state of emergency declaration in response to what is described as the worst drought Namibia has experienced in a century, according to The Brief. today29 October, 2024
insert_link Business / Economics Access Bank Namibia Limited Receives Provisional License from Bank of Namibia The Bank of Namibia has issued a provisional license to Access Bank Namibia Limited, allowing the bank to start preparations for its banking operations in the country. Kazembire Zemburuka, the BoN Director of Strategic Communications and International Relations, confirmed that this authorization, granted under Section 12(5) of the Banking Institutions Act, 2023, took effect on 4 October 2024 and is valid for six months. During this period, the bank is […] today7 October, 2024
insert_link Namibia Bank of Namibia Investigates Unlicensed Banking Activities by CBI Exchange Namibia The Bank of Namibia has undertaken an investigation into the business operations of CBI Exchange Namibia and Coenraad Barend Nolte Botha, who are suspected of engaging in banking activities by accepting deposits from the public without proper licensing. Neither CBI Exchange Namibia nor Coenraad Barend Nolte Botha were authorized by the central bank to carry out banking operations. This information was provided by Kazembire Zemburuka, the Director of Strategic Communications […] today14 March, 2024
