Also known as: BoN · The Bank of Namibia
Bank of Namibia — central banking authority that reports on housing prices, payment fraud data, and monetary policy, including repo rate decisions.
News reports
Order a long-term news report on Bank of Namibia
Every mention in the Namibian press over the period you choose, compiled as a PDF or Word document.
Key points drawn from coverage. Tap a point to see the original sentence.
New Era
Bank of Namibia increased repo rate by 25 basis points to 6.75%
“Home loans, vehicle finance and other forms of credit could soon feel the impact of higher borrowing costs after the Bank of Namibia (BoN) increased the repo rate by 25 basis points to 6.75% yesterday.”
Repo rate hike blessing in disguise…hits loans, protects economyWindhoek Observer
Bank of Namibia has maintained growth projections at 2.6% for 2026 and 2.9% for 2027
“The Bank of Namibia has maintained its growth projections at 2.6% for 2026 and 2.9% for 2027, supported by expected gains in uranium mining, wholesale and retail trade, financial services, and public administration and defence.”
BoN maintains 2026 GDP growth projection at 2.6%Windhoek Observer
Bank of Namibia has warned that domestic economic activity weakened in first four months of 2026
“However, the central bank has warned that domestic economic activity weakened in the first four months of 2026, particularly in mining, manufacturing, tourism, electricity generation, construction, and communications.”
BoN maintains 2026 GDP growth projection at 2.6%Informanté
Bank of Namibia increased the repo rate to 6.75%
“THE cost of borrowing money is set to go up after the Bank of Namibia (BoN) increased the repo rate to 6.75%.”
Bank of Namibia raises lending rates to 6.75%Windhoek Observer
Bank of Namibia raised repo rate to 6.75%
“Allexer Namundjembo Bank of Namibia Governor, Ebson Uanguta announced on Wednesday that the repo rate will increase by 25 basis points to 6.75%, effective immediately.”
Bank of Namibia raised repo rate to 6.75%Windhoek Observer
Bank of Namibia projected agriculture sector to grow 2.8% in 2026 and 2027 after 3.3% contraction in 2025
“The Bank of Namibia has projected that the agriculture, forestry, and fishing sector is projected to recover gradually over the medium term, following two consecutive years of contraction.”
Livestock firm as premium cattle fetch up to N$79.50/kgThe Namibian
Bank of Namibia allegedly holds funds at commercial bank, according to Coetzee
“"It is there at the commercial bank where these two fighters are being held by the Bank of Namibia.”
Ex-apartheid soldiers to sue Govt for N$5.7bWindhoek Observer
Bank of Namibia hosted Internal Audit Awareness Day engagement
“The Bank of Namibia this week hosted an Internal Audit Awareness Day engagement bringing together policymakers, governance practitioners, auditors, and public sector leaders to reflect on the evolving role of internal audit in strengthening governance, accountability, and institutional resilience.”
BoN says internal audit strengthens governanceWindhoek Observer
Bank of Namibia is expected to keep repo rate unchanged at 6.5% at June meeting
“In Namibia, the Bank of Namibia is expected to keep its repo rate unchanged at 6.5% at its upcoming June meeting.”
Oil shock expected to lift inflation temporarilyInformanté
Bank of Namibia hosted Internal Audit Awareness Day engagement
“THE Bank of Namibia hosted an Internal Audit Awareness Day engagement, bringing together policymakers, governance practitioners, auditors, and public sector leaders to reflect on the evolving role of internal audit in strengthening governance, accountability, and institutional resilience.”
Bank of Namibia hosts Internal Audit Awareness DayNamibia's foot-and-mouth disease outbreak, detected in the //Kharas region, threatens to disrupt the livestock sector's economic recovery and cause prolonged financial damage to farmers and businesses. The Economic Association of Namibia is calling for government intervention, including trade negotiations with international partners and financial relief for affected producers.
4 hours ago · New Era →
Namibia's foot-and-mouth disease outbreak, detected in the //Kharas region, threatens to disrupt the livestock sector's economic recovery and cause prolonged financial damage to farmers and businesses. The Economic Association of Namibia is calling for government intervention, including trade negotiations with international partners and financial relief for affected producers.
4 hours ago · New Era →
The National Youth Development Fund has disbursed approximately N$90.8 million to beneficiaries supporting youth entrepreneurship, with approved projects expected to create about 2,500 employment opportunities. The fund received approximately 13,809 applications by August, with N$135 million in financing approved across participating development finance institutions.
4 hours ago · New Era →
Namibia's Mining Production Composite Index fell 4% month on month in August, driven by a 12% drop in diamond production, while uranium, zinc, and gold rose. Mineral prices were mixed in September, with inflation and rising interest rates tempering gains and fuelling operating costs for the sector.
8 hours ago · Windhoek Observer →
Payment fraud cost Namibians N$73.9 million in 2025, a N$19 million increase from 2024, with vishing and phishing schemes impersonating legitimate institutions as the main contributing factor. As the financial sector aims to bring more first-time investors into the market, consumer protection and financial literacy are highlighted as essential safeguards against fraud.
20 October 2026 · The Namibian →
September vehicle sales were worth approximately N$1 billion, but the market remains about 25% below 2015 levels. Rising fuel prices and anticipated interest rate increases are expected to pressure vehicle demand.
19 October 2026 · Windhoek Observer →
An MBA student argues that economic literacy—including concepts like inflation, supply and demand, and interest rates—should be part of basic university education for all graduates, not confined to business programmes, because these principles directly affect daily life and professional decisions.
18 October 2026 · The Namibian →
Namibia faces a housing paradox: hundreds of thousands of homes are needed, but formal market prices have soared beyond the reach of ordinary workers. The Bank of Namibia reports the weighted average house price at approximately N$1.44 million in the first quarter of 2026, while about 75% of workers earn less than N$5,000 a month.
17 October 2026 · Windhoek Observer →
The International Monetary Fund forecasts Namibia's real GDP growth will increase from 1.7% in 2025 to 2.0% in 2026 and 2.7% in 2027, showing gradual improvement but remaining below the sub-Saharan African regional average of 4.5% annually.
16 October 2026 · Windhoek Observer →
Payment fraud in Namibia rose N$19 million year-on-year to N$73.9 million in 2025, with vishing and phishing schemes impersonating legitimate institutions as the main driver. The Bank of Namibia and Namfisa are prioritizing consumer protection and financial literacy as the financial sector expands access to investors.
16 October 2026 · Windhoek Observer →
Namibia's major listed banks recorded divergent performances in the first half of 2026. FirstRand Namibia's profit after tax grew 9.3% to N$1.078 billion, driven by lower bad-debt provisions following loan-book clean-up and N$683 million in write-offs, while SBN Holdings boosted pre-provision profit 5.1% through 17.4% loan growth partly supported by a N$2 billion Ministry of Finance facility.
15 October 2026 · Windhoek Observer →
Building plan approvals in Windhoek and Swakopmund rose 57.5% in value in September, but excluding one N$200 million commercial project, Windhoek's approvals fell 13.2% year-on-year, indicating the increase was driven by larger projects rather than broader growth. The report notes construction activity is constrained by approval delays, with a median time of 63 days, and completions in Windhoek have declined 41% year-to-date.
14 October 2026 · Windhoek Observer →
The Namibian government will borrow an additional N$7.1 billion from the domestic financial market instead of foreign sources, increasing domestic borrowing for the 2026/27 financial year from N$20.2 billion to N$27.3 billion while reducing foreign financing from N$9 billion to N$1.9 billion. The shift does not change the government's overall financing requirement of N$29.2 billion.
13 October 2026 · The Namibian →
Core inflation reached 4% in September 2026, its fifth consecutive monthly rise, as expensive fuel spilled into broader goods and services including air transportation, medical products, and furniture. Headline inflation climbed to 5.4%, with transport accounting for 42% of the increase following domestic fuel price and levy adjustments on 2 September and elevated international energy costs.
12 October 2026 · Windhoek Observer →
Namibia's headline annual inflation for September stood at 5.4%, with core inflation at 4%. Zone 1 (northern regions) recorded the lowest annual inflation at 4.3%, while Khomas Region recorded the highest at 6.2%.
9 October 2026 · Windhoek Observer →
Namibian financial services group Capricorn is taking an 81.6% stake in South African specialist asset financier Centrafin, valued at R788.3 million in enterprise value, as part of its strategy to diversify revenue beyond Namibia and Botswana and expand into the South African market.
8 October 2026 · The Namibian →
Capricorn Group Limited has made a binding offer to acquire an 81.6% initial stake in Centrafin, a South African specialist equipment rental and asset financing business, for an enterprise value of R788.3 million, with an option to acquire the remaining 100% over five years.
8 October 2026 · Windhoek Observer →
Namibia's commercial banks' liquidity surged more than 50% to N$9.8 billion in the second quarter of 2026, driven by diamond sales proceeds and government spending, but annual private-sector credit growth remains weak at 4.5%, with households and other borrowers receiving 55.1% of commercial bank credit while agriculture received just 3.0%.
7 October 2026 · The Namibian →
Despite a 34% rise in Brent crude oil prices during the third quarter, Namibian government bonds recorded smaller yield increases than South African equivalents, with the GC35 rising 27 basis points compared to South Africa's 54–63 basis points. Simonis Storm Research attributed the resilience to narrowing yield premiums and concentrated demand at Namibian auctions.
7 October 2026 · Windhoek Observer →
Namibia's economic growth outlook for 2026 has been revised down to 2.1% as rising inflation and higher interest rates pressured the economy, according to the Namibia Quarterly Economic Review compiled by the Institute for Public Policy Research. The downward revision follows weaker-than-expected growth of 1.7% in 2025, attributed to declining diamond and gold output.
7 October 2026 · Informanté →
Namibia registered 4,578 new businesses between April and June, a 27.2% increase year-on-year, driven largely by close corporations (up 29.9%), while the manufacturing sector continues to lose jobs and cut wages. The Bank of Namibia attributes the growth partly to government support for small businesses and factors including lower inflation and oil and gas exploration activity.
6 October 2026 · The Namibian →
The Namibian Stock Exchange's main board market capitalisation reached N$3 trillion in the second quarter of 2026, rising 7.4% quarter-on-quarter and 28.9% year-on-year, according to Namfisa data. Local market capitalisation increased to N$57.3 billion, though trading activity in locally listed equities declined quarterly.
6 October 2026 · Windhoek Observer →
Namibia recorded a N$4.8 billion net outflow on services in the second quarter of 2026, up 51.1% year-on-year, driven partly by spending on foreign technical, consulting and specialised services for offshore oil and gas exploration and appraisal drilling.
5 October 2026 · The Namibian →
Economic research firm Simonis Storm expects the Bank of Namibia to raise its repo rate by 25 basis points to 7% in October to protect the Namibian Dollar's peg to the South African Rand and respond to inflation at 5% in August. The firm also raised its forecast for private sector credit extension growth in Q4 2026 to 4.5%-5.5%, citing higher interest rates and declining real incomes as likely to slow credit growth.
5 October 2026 · Windhoek Observer →
The Namibian government and French company TotalEnergies remain in talks over the country's first major offshore oil project following the 2022 Venus discovery, with reported disagreements over licence period, international arbitration, taxation, the new petroleum law, and a stabilisation clause that would limit future legislative changes.
4 October 2026 · The Namibian →
Real GDP expanded 4.8% year-on-year in the second quarter, driven by services growth of 6.1%, agriculture of 17.8%, and wholesale and retail trade of 9%, while mining contracted 3.1% with uranium down 12.0%. Headline inflation rose to 5.0% in August from 4.4% in July, with transport inflation reaching 13.2%, while the South African Reserve Bank raised its policy rate by 25 basis points.
3 October 2026 · Informanté →
The United States became Namibia's second-largest source of imports in the second quarter of 2026, with its import share rising to 11.5% from 2.7%, driven largely by mineral fuels amid Middle East conflict disruptions to traditional fuel supply routes. GCC countries' share of Namibia's mineral fuel imports fell to less than 30% from an estimated 40% to 45%.
3 October 2026 · The Namibian →
The Bank of Namibia has granted Access Bank Namibia Limited a banking licence, effective from 2 October, authorising the Nigerian-owned bank to conduct banking business and provide services to the public in Namibia.
2 October 2026 · The Namibian →
The Bank of Namibia has granted Access Bank Namibia Limited authorization to conduct banking business in the country, effective 2 October 2026, including accepting public deposits and providing banking services.
2 October 2026 · Windhoek Observer →
Namibia's international reserves increased by 0.7% to N$58.5 billion at the end of August, driven by net commercial bank transfers, strong Customer Foreign Currency placements, and positive asset swap valuations, with the position providing an estimated 3.6 months of import cover.
2 October 2026 · Windhoek Observer →
TotalEnergies chief executive Patrick Pouyanné said the company could make a final decision in October on whether to invest N$279 billion in Namibia's Venus oil field, discovered offshore in 2022. The project is expected to produce 160,000 barrels per day once fully operational.
30 September 2026 · The Namibian →