The Bank of Namibia has launched a robotic coding project to level Namibia's education system with the ever-advancing developments in the world of technology.

The Bank of Namibia (BoN) has declared the online business QZ Asset Management a Ponzi scheme after an investigation into its business dealings.

QZ Asset Management claims that it matches investments dollar-for-dollar, which doubles the client's profits.

Namibians will have to tighten their belts even more as the central bank lifts the repo rate by another 50 basis points.

The repo rate now stands at 7.5%, up from 7.25%.

The Deputy Governor of the Bank of Namibia, Ebson Uanguta says recent graduates are entering a world of constant change and uncertainty, and they need to swiftly succeed in that environment. 

Uanguta was addressing Namibian College of Open Learning graduates in Windhoek. 

The Bank of Namibia (BoN) and Namibia Financial Institutions Supervisory Authority (NAMFISA)'s Financial Stability Report (FSR) for 2023 indicates that the Namibian financial system remained sound and resilient in 2022.

The Bank of Namibia on Monday launched and activated the modified N$20 banknote at Opuwo.

The modified N$20 note contains the signature of the current central bank governor, Johannes !Gawaxab. The N$20 and N$200 notes were last reprinted in 2018.

The Bank of Namibia (BoN) has refuted allegations of a fraud case involving N$60 billion that was allegedly stolen from Credit Union Namibia (CUN).

The Bank of Namibia has reiterated its warning to the public to refrain from investing in cryptocurrencies, saying they remain risky.