Namibia's domestic financial system remains stable, robust, and resilient to withstand any high risks and vulnerabilities emanating from a number of global and domestic economic factors.
The Bank of Namibia has again increased the repo rate, this time by 50 basis points, from 5.5 to 6.75 percent.
Governor Johannes !Gawaxab says the raise is done in an effort to anchor inflation expectations as well as safeguard the one-on-one peg arrangement with South Africa.
The Bank of Namibia has launched the Financial Industry Cybersecurity Council for the Namibian financial sector.
The cyber security council will ensure that a variety of industry-related concerns such as information exchange and cyber security issues are key priority.
The African Export-Import Bank has expressed interest in working with both the public and private sectors in Namibia to finance the development of a robust pipeline of projects to support the country's development agenda.
The fight between Trustco and the Bank of Namibia is far from over, as the two were again involved in a tit-for-tat this week, with a judgement against the central bank and a fresh application by the latter to have Trustco Bank liquidated.
With a host of newly discovered energy sources in Namibia, including oil, gas, and green hydrogen, the Bank of Namibia's annual symposium has dissected how to maximize economic growth from renewable and non-renewable energy sources in the country.
The Bank of Namibia (BoN) has decided to increase the repo rate by 75 basis points, to 6.5%.
The central bank also warned that inflation, which is the main cause of the repo rate, will persist for a longer period of time, driven by factors beyond Namibia's control.
The Bank of Namibia has decided to increase the repo rate by 75 basis points to 6.25%
President Hage Geingob has urged the management and staff of the Bank of Namibia to guard against obstacles to economic growth, one of them being tribalism.
Dr Geingob paid a visit to the central bank on Wednesday.
Financial Technology, or FinTech, refers to new technology that is slowly creeping through and could, in the future, replace traditional financial methods.
FinTEech on Friday morning held an information session at the Bank of Namibia.
