Also known as: BoN · central bank · the central bank · The Bank of Namibia · Bank of Namibia's Monetary Policy Committee
Namibia's central bank; forecasts economic growth, oversees financial regulation, reports on banking fraud losses, and manages foreign reserves including gold purchases.
The Bank of Namibia has promoted Josefina Oskar to senior communication and media relations specialist. Oskar, who joined the bank in 2021, brings over 10 years of experience in communications across public and private sectors.
12 April 2026 · The Namibian →
The Bank of Namibia has promoted Josefina Oskar to senior communication and media relations specialist. Oskar, who joined the bank in 2021, brings over 10 years of experience in communications across public and private sectors.
12 April 2026 · The Namibian →
Namibian state-owned enterprises owe N$9.3 billion in external debt, most of it guaranteed by the government and owed to regional and global development banks. The Bank of Namibia's 2025 annual report notes a significant portion relates to intercompany lending in mining and quarrying, with the government aiming to keep debt guarantees below 10% of GDP.
11 April 2026 · The Namibian →
The Bank of Namibia has appointed Nicholas Mukasa as second deputy governor effective May. Mukasa previously served as director of financial markets, managing foreign exchange reserves, implementing monetary policy, and overseeing government debt issuance.
10 April 2026 · The Namibian →
The banking sector's loan-to-deposit ratio jumped from 76.1% in 2024 to 87.5% by end-2025 as loans grew and deposits declined slightly, though the ratio remains below the 95% threshold that signals liquidity crisis risk. The Bank of Namibia notes the higher ratio indicates strong loan demand amid tightening deposit inflows, reinforcing the need for careful liquidity management.
9 April 2026 · The Namibian →
The Bank of Namibia has agreed to purchase gold from Navachab Gold Mine for its reserves, but will send the unrefined gold abroad to be refined to international standards and is considering storage at the Bank of England in London. The central bank will buy gold through planned transactions over several months at prevailing market prices, aiming for a single-digit allocation to its foreign reserves.
9 April 2026 · The Namibian →
The Bank of Namibia has completed disbursement of N$500 million in loans to 433 small and medium enterprises across construction, real estate and business services. The scheme, reintroduced in February 2023 with relaxed eligibility criteria, now transitions to a monitoring phase after distributing loans ranging from N$50,000 to N$10 million with favourable terms including a six-month repayment holiday.
9 April 2026 · The Namibian →
Namibians lost N$73.9 million to banking fraud in 2025, up N$19 million from 2024, with electronic funds transfer fraud rising sharply to N$53 million. The Bank of Namibia attributes the increase primarily to vishing and phishing schemes where fraudsters impersonate legitimate institutions to steal sensitive information.
8 April 2026 · The Namibian →
The Bank of Namibia reported that real GDP growth dropped to 1.7% in 2025 from 3.8% in 2024, driven by weaker agriculture, lower global diamond demand, and manufacturing contraction, though inflation eased to 3.5% and services remained steady. Global growth is expected to slow to 3.2% by 2027 due to rising public debt and geopolitical tensions.
7 April 2026 · New Era →
The Bank of Namibia declared a record annual loss of N$892 million for 2025, primarily due to unrealised foreign exchange losses from Eurobond redemption and currency fluctuations, though operating profit of N$569 million allowed a N$200 million dividend to government.
4 April 2026 · The Namibian →
The Bank of Namibia paid N$200 million in dividends to the government for the 2025 financial year, down from N$720 million in 2024, despite strong operating profit of N$569 million. Governor Ebson Uanguta attributed the decline to factors including reduced global inflation, weakening of the US dollar, Eurobond redemption, and currency fluctuations.
2 April 2026 · New Era →