The Bank of Namibia has declared a dividend of N$413. 7 million to the government. 

The dividend was handed over at the launch of the bank's 2022 Annual Report in Windhoek. 

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 has increased the repo rate by 25 basis points, from 6.5 to 7 percent.

Bank of Namibia and the Ministry of Finance and Public Enterprises have re-launched the SME Economic Recovery Loan Scheme.  

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.

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.