BON HAILS NAMIBIA'S PAYMENT SYSTEM
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The Deputy Governor of the Bank of Namibia says Namibia's payment system is as competitive as any other system found globally.
The Deputy Governor of the Bank of Namibia says Namibia's payment system is as competitive as any other system found globally.
The Bank of Namibia (BoN) has announced a 25-basis point increase in the repo rate to 6.75%. The move came in light of rising inflation, global economic uncertainty, and the need to protect the currency peg between the Namibian dollar and the South African rand.
Namibia's international reserves rose to N$51.8 billion in March, according to a financial review by First National Bank (FNB).
The Bank of Namibia reported a 90% achievement in the performance of its strategic pillars and enablers for the years 2025/2027.
This was announced by the Governor of the Bank, Ebson Uanguta, during the release of the central bank's annual report.
Namibia is working to build a greener and more inclusive financial system through a national dialogue on sustainable finance.
Former members of the South West African Territorial Force (SWATF) are demanding answers over funds they claim were set aside for their benefit.
The group says despite evidence of millions being transferred and invested, no payments have been made to them.
The Bank of Namibia hosted a stakeholder engagement event, highlighting local startups, in Windhoek.
The "Connecting Pioneers of Our Future" event aimed to do more than just inspire and position Namibia as a leader in enterprise, innovation, and technology in Africa.
Minister of Finance Ericah Shafudah says that NamPost was awarded the tender of distributing grants as a result of the public entity to public entity procurement strategy.
This was her response to IPC MP Lilian Lutuhezi, who sought clarity on how the ministry came to the decision.
The Bank of Namibia's Instant Payment Programme, an initiative to modernise the country's financial system, is now expected to launch in the third quarter of 2026.
The Bank of Namibia and South Africa's Reserve Bank have signed a revised Memorandum of Understanding to strengthen cross-border cooperation and financial stability.