Namibia can draw lessons from other oil-producing economies as the country positions itself to ensure a sustainable future.

The country is expected to be among the top 15 oil producers in Africa by 2035, should it stay clear of corrupt practices and mismanagement of natural resources.

The Bank of Namibia has won the award for transparency at the annual Central Banking Awards for its enhanced transparency in monetary policy communication. 

Organised by Central Banking Publications, the annual awards celebrate outstanding performance in the central banking community.

In a bid to empower underprivileged residents of Keetmanshoop to become self-reliant, the local ZTT AME Church congregation formed an initiative dubbed the EMEME Partnership.

The initiative, registered as a non-profit organisation, was officially launched during a fundraising gala dinner at Keetmanshoop.

The Bank of Namibia, in partnership with the Namibia Revenue Agency, has embarked on a journey to digitalise Namibia's trading system while protecting revenue flow in the country.

The Bank of Namibia has announced the maintenance of the repo rate at 7.75 percent, a decision coming on the heels of the recent drop in local fuel prices.

This move is expected to bring a sigh of relief across the nation amid economic challenges.

The Bank of Namibia (BoN) has released amended regulations on loan-to-value ratios to stimulate property investment and support economic recovery.

Under the new regulations, the loan-to-value (LTV) ratios for additional property purchases have been further relaxed.

NASRIA has embarked on a new venture that expands its Credit Guarantee Scheme, an innovative insurance product that aims to empower SMEs.

In cooperation with the UN in Namibia, the Bank of Namibia, the Ministries of Labour, Industrial Relations, Employment Creation, Industrialization, and Trade intend to conduct a study to comprehend the informal economy and its diversity, pinpoint solutions for related problems, and highlight opportunities for interv

The Bank of Namibia (BoN) has suspended the authorization of Trustco Bank Namibia to operate as a banking institution.

The BoN said in a statement that the decision is in accordance with the bank's Act and follows consultations with the Minister of Finance and Public Enterprises.

The repo rate will remain unchanged at 7.75% for the upcoming two months.

This announcement was made by Bank of Namibia (BoN) Governor Johannes !Gawaxab during the monetary policy declaration at Oshakati.