… said in April."The objective is structural transformation, inclusive growth and long-term prosperity,” she added, underlining that “good governance, accountability and ethical leadership will remain the foundation of this effort.”Former Bank of Namibia governor Johannes !Gawaxab …
Like Godot, Namibia has to wait for oil jobs, better daysNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
Windhoek—:—London—:—New York—:—Beijing—:—
Person
Johannes !Gawaxab
Also known as: former governor Johannes !Gawaxab · !Gawaxab
In coverage
Verbatim sentences from the source article.
- April 2026
… Last year, former BoN governor Johannes !Gawaxab said the target is to hold 3% of its net foreign exchange reserves in gold. …
BoN to refine Navachab gold abroad, considers London storage… The loss relates to the period when former governor Johannes !Gawaxab was in charge, tainting the legacy the bank celebrated in his honour in December last year when he left. …
Bank of Namibia reports record N$892m loss- December 2025
… Announced by central bank governor Johannes !Gawaxab, the note celebrates Geingob’s remarkable leadership and Namibia’s progress under his tenure. …
Top business stories of 2025… Speaking during the announcement yesterday, central bank governor Johannes !Gawaxab said the decision was taken to safeguard the currency with South Africa. …
Repo rate unchanged- November 2025
Bank of Namibia governor Johannes !Gawaxab will be leaving the bank a year before his tenure was due to end. …
!Gawaxab to leave central bank… BoN governor Johannes !Gawaxab says the revised target will reinforce long-term stability and support economic growth by lowering borrowing costs and strengthening investor confidence. …
Central bank welcomes SA’s lower inflation target- February 2025
… Bank of Namibia governor Johannes !Gawaxab said Nujoma laid the foundation for Namibia’s economic freedom in establishing the central bank. …
Nujoma remembered for emotional intelligence and pivotal role in economy- August 2024
… During the announcement in Windhoek on Wednesday, central bank governor Johannes !Gawaxab said the decision was taken after four Monetary Policy Committee (MPC) members voted for a reduction. …
Repo rate cut by 25 basis points- May 2024
The Namibia Competition Commission (NaCC), has imposed a N$1 million fine on Bank of Namibia governor Johannes !Gawaxab, Ismael Gei-Khoibeb, and Gamma Investments, for implementing a merger without the commission’s approval.NaCC spokesperson, Dina //Gowases, says !Gawaxab and oth …
!Gawaxab’s merger settlement stirs up a honet’s nest
Mining & Energy
Namibia struggles to convert oil wealth into local jobs and control
The News
Namibia's offshore oil is legally owned by investors with 90%, while the state receives revenue through taxes and royalties, limiting the country's control over development decisions and ability to secure local benefits. President Nandi-Ndaitwah has positioned the delayed petroleum amendment bill as critical to strengthening the state's bargaining position on local content, job creation, and value retention, though fundamental investor control over operations cannot be altered.
Why it matters
Namibia's struggle to capture local benefits from offshore oil wealth underscores the strategic importance of the pending petroleum amendment bill.
25 April 2026 · Namibian Sun →
Saturday 25 April
Namibia struggles to convert oil wealth into local jobs and control
Namibia's offshore oil is legally owned by investors with 90%, while the state receives revenue through taxes and royalties, limiting the country's control over development decisions and ability to secure local benefits. President Nandi-Ndaitwah has positioned the delayed petroleum amendment bill as critical to strengthening the state's bargaining position on local content, job creation, and value retention, though fundamental investor control over operations cannot be altered.
25 April 2026 · Namibian Sun →
Thursday 9 April
Bank of Namibia to refine and store Navachab gold abroad
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 →
Saturday 4 April
Bank of Namibia reports record N$892 million loss in 2025
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 →