Also known as: Uanguta · Current central bank governor Ebson Uanguta · Central bank governor Ebson Uanguta · Bank of Namibia governor Uanguta · Governor Uanguta · Governor of the Bank of Namibia · Governor of the central bank · Shadah Uanguta
Central bank governor of Namibia, attributed rising foreign reserves to SACU receipts and currency peg support in 2026.
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 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 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 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 →
The Bank of Namibia recorded an operating profit of N$569 million in 2025 and will distribute N$200 million in dividends to government, down from N$750 million in 2024, following a 50% decline in distribution profits due to global inflation declines, US dollar weakness, and Eurobond redemption.
1 April 2026 · Informanté →
The Bank of Namibia has signed a gold purchase agreement with QKR Namibia Navachab to acquire locally produced gold, part of a broader programme to strengthen reserve assets, enhance financial resilience, and support the country's ability to respond to external shocks. The phased gold acquisition programme aligns with international reserve management standards and aims to support macroeconomic stability and national economic interests.
27 March 2026 · Informanté →
The Bank of Namibia has signed a gold purchase agreement with QKR Namibia Navachab to strengthen the country's financial reserves and implement a structured gold acquisition programme. The agreement aims to improve reserve management, enhance financial resilience, support retention of national resources, and help the economy respond to external shocks.
26 March 2026 · New Era →
The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority have signed an updated Memorandum of Agreement to strengthen cooperation in regulating Namibia's financial sector. The framework enables information sharing, joint supervision, joint investigations, and coordination on emerging risks and financial technology matters.
26 March 2026 · Informanté →
The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority have signed an updated agreement to improve cooperation in regulating and supervising the financial sector, including joint supervision, information sharing, and support for fintech development. The partnership aims to safeguard financial stability, protect consumers, and align Namibia with international standards.
26 March 2026 · The Namibian →