Bank of Namibia awards bursaries to nine undergraduate students
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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) 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.
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.
The African Export-Import Bank has expressed interest in working with both the public and private sectors in Namibia to finance the development of a robust pipeline of projects to support the country's development agenda.
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.