The Namibian banking institutions have solid financial buffers to withstand risks from internal and external shocks.
The Bank of Namibia gave this assurance following financial turbulences in banking institutions in the United States and Europe.
The Black Business Leadership Network of Namibia (BBLNN) has cautioned banks not to send black entrepreneurs away when applying for the SME Recovery Loan Scheme.
Namibia's financial system will continue uninterrupted, despite the greylisting of South Africa.
This assurance is given by the Bank of Namibia, following the rating of South Africa by the Financial Action Task Force (FATF).
The Bank of Namibia (BoN) has awarded bursaries to nine undergraduate students to pursue their studies at various institutions of higher learning.
The Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) have prioritized trade facilitation through payment system integration enabled by digital capabilities as a means of realizing the efficient movement of goods and services between the two countries.
The Bank of Namibia has increased the repo rate by 25 basis points, from 6.5 to 7 percent.
The Bank of Namibia has declined to comment on the alleged N$60 billion theft case currently being investigated by the Namibian Police. Instead, after being approached for comment on the alleged theft, BoN Director of Communications Kazembire Zemburuka directed nbc News to the Namibian Police.
Bank of Namibia and the Ministry of Finance and Public Enterprises have re-launched the SME Economic Recovery Loan Scheme.
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.
