Bank of Namibia

On the 2nd and 3rd of December 2024, the Monetary Policy Committee (MPC) of the Bank of Namibia held its sixth and last bi-monthly meeting for 2024 to decide on the appropriate monetary policy stance to be implemented over the next two months. To continue supporting the domestic economy while simultaneously safeguarding the peg between the Namibia Dollar and the South African Rand, the MPC decided to reduce the Repo rate by 25 basis points to 7.00 percent. This decision was made following a comprehensive review of domestic, regional and global economic developments. Read more here: https://bit.ly/3xc8UnW

Watch LIVE here at 11:00: https://lnkd.in/dT8ke_te

MPA | December 2024 The Monetary Policy Committee (MPC) will announce the monetary policy decision on Wednesday, 4 December 2024 at the Bank of Namibia. Watch it LIVE on our Facebook page at 11:00. Current Repo rate: 7.25% #BankofNamibia #MPA2024 #BONMPA2024

The European Central Bank recently hosted a high-level policy dialogue on climate change, bringing together Governors and representatives from African central banks. The programme aimed to foster collaboration on financial stability, resilience and governance while exchanging insights to promote a greener and more sustainable future. Governor of the Bank of Namibia, Mr Johannes !Gawaxab participated as a panelist, addressing the profound impacts of climate change and nature degradation on financial stability. He highlighted the severe effects on agriculture, renewable energy, and financial systems in Africa, particularly in Namibia, where extreme weather events are becoming increasingly frequent. He advocated for pragmatic solutions, including addressing drought, food security and infrastructure challenges, fostering public-private partnerships to improve access to climate financing and integrating climate risks into central bank policies to incentivise green investments. From a banking supervision perspective, he emphasised the importance of establishing capital buffers that reward efforts to mitigate and adapt to climate risks. Aligning capital requirements with sustainable practices encourages investment in green initiatives, strengthens resilience to climate-related financial risks and supports the transition to a sustainable economy. This approach not only enhances financial stability but also aligns with broader environmental and societal goals. He also underscored the critical need for capacity building and inclusive global regulatory frameworks to balance net-zero goals with the unique needs of emerging markets. #BankofNamibia #ECB #PolicyDialogue

#Vacancy| The Bank of Namibia seeks the services of a suitably qualified, experienced and competent person to join its workforce in the position of: Senior Officer: Wellbeing and Organisational Development Apply here: https://bit.ly/3yLPx5j Due date: 6 December 2024

Our Journey of Impact: 2024 Highlights The Bank of Namibia held three significant public lectures this year, each addressing critical themes tied to national development, financial innovation, and inclusive growth. These lectures served as platforms to engage the public, share insights on the Bank's strategic goals, and discuss pressing economic challenges and opportunities in Namibia. #2024Highlights #JourneyofImpact #Public_Lectures #Dialogue #BankofNamibia

The Bank of Namibia issued a groundbreaking regulatory framework for Microfinance Banking Institutions (BID-38) under the Banking Institutions Act of 2023. This move is set to transform the financial sector by empowering microfinance banks to drive financial inclusion and provide critical banking services to underserved communities nationwide. Highlights of the Determination: - New opportunities for investors in microfinance - Enhanced consumer protection and fair treatment - Support for economic empowerment and growth Swipe to learn more about this transformative development! Read more here: https://bit.ly/48VMGoz Find the Determination here: https://bit.ly/4fXQ1FF #FinancialInclusion #microfinance_banks #BankOfNamibia #EmpoweringCommunities #Determination #banking_institutions_act

Ask the Central Bank Join us LIVE on Monday, 18 November at 15:45 on 99FM as Iyishi Garises, Principal Analyst for National Payment Systems & Virtual Assets (Regulations and Licensing), unpacks everything you need to know about Virtual Assets. 💡 Got questions? Tune in and gain insights straight from the expert! #BankofNamibia #VirtualAssets #AskTheCentralBank

Today, the Bank of Namibia hosted an important gathering of Governors from the Common Monetary Area (CMA). The delegation comprised the Governor of the South African Reserve Bank, Lesetja Kganyago, the Governor of the Central Bank of Lesotho, Emmanuel Letete and the Governor of the Central Bank of Eswatini, Phil Mnisi for the quarterly Governors’ meeting. The Governors paid a courtesy call on the Prime Minister of the Republic of Namibia - using the opportunity to highlight key developments within the macroeconomic environment in the CMA. #BankOfNamibia #CMA #AIAndEconomy

🌟 We’re excited to announce that the Bank of Namibia has been awarded the Pioneer Award at the Fintech Regtech Global Awards 2024! Central Banking This prestigious recognition celebrates the Bank's commitment to digital transformation, automation, and innovation, helping us drive efficiency, accuracy, and financial inclusion across Namibia. The award was received by the Bank's Officer in Charge, Mr. Marsorry Ickua. Read more here: https://bit.ly/3CtmcP3 #DigitalTransformation #Innovation #BankOfNamibia #FintechRegtechAwards2024 #FinancialInclusion