BoN and BNA prioritize trade facilitation

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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 declines to comment on alleged N$60 billion theft

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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 increases repo rate by 50 basis points to 6.75%

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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.

Bank of Namibia launches Financial Industry Cybersecurity Council 

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The Bank of Namibia has launched the Financial Industry Cybersecurity Council for the Namibian financial sector. 

The cyber security council will ensure that a variety of industry-related concerns such as information exchange and cyber security issues are key priority. 

No end to BoN, Trustco tussle

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The fight between Trustco and the Bank of Namibia is far from over, as the two were again involved in a tit-for-tat this week, with a judgement against the central bank and a fresh application by the latter to have Trustco Bank liquidated.