Despite the ongoing rise of digital payment solutions, cash remains significant – both as a payment method and as a safety net in the event of digital disruptions.

The Governor of the Bank of Namibia, Johannes !Gawaxab, remarked this at the launch of new upgraded banknotes and coins in Mariental.

The National Petroleum Corporation of Namibia (NAMCOR) is not yet out of the woods, despite a N$1.9 billion lifeline from the government last year to get out of its financial troubles, including paying its creditors.