The Bank of Namibia reported a 90% achievement in the performance of its strategic pillars and enablers for the years 2025/2027.
This was announced by the Governor of the Bank, Ebson Uanguta, during the release of the central bank's annual report.
"The Central Security Depository was fully launched and established in 2025. The purpose of the Central Security Depository is to dematerialise all the government securities. That will also help to modernise our capital market and attract foreign funding as well into our economy. We have also worked very hard and made very good progress in terms of our instant payment solution. Before the first half of this year, before June, we should be launching an instant payment solution. Good progress has been made. A lot of participants have come on board. Some have already done SIT and UAT as well. So we will be hoping that by that time, there could be at least three use cases by the time of launching."
Another achievement, the central bank governor adds, is paying off the Eurobond.
"As a country, we should be proud that we have done that successfully. We also managed to host an Alliance for Financial Institution Global Policy Forum that hosted almost 900 people in the town of Swakopmund. That event was very successful. And it concluded with the Swakopmund Declaration. In 2025, we also worked very hard to further develop the bank into a smart regulator."
The bank also launched the Fintech Youth Programme, which aims to educate youth about emerging global financial trends and technologies.