Key points drawn from coverage. Tap a point to see the original sentence.
April 2026
Namibian Sun
Former Bank of Namibia governor Johannes !Gawaxabhas warnedthat Namibia must avoid the resource curse by learning from the experiences of others
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“Former Bank of Namibia governor Johannes !Gawaxab has warned that Namibia must avoid the resource curse by learning from the experiences of others, while former mines and energy minister Tom Alweendo noted that "hopefully, Namibia has learnt enough lessons from others".”
Johannes !Gawaxabwas in charge duringperiod of N$892 million loss
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“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.”
Central bank governor Johannes !Gawaxabsaiddecision was taken to safeguard currency with South Africa
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“Speaking during the announcement yesterday, central bank governor Johannes !Gawaxab said the decision was taken to safeguard the currency with South Africa.”
BoN governor Johannes !Gawaxabsays the revised target will reinforcelong-term stability and support economic growth
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“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.”
Johannes !Gawaxabimplementeda merger without the commission's approval
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“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.”
Bank of Namibia governor Johannes !Gawaxabpraisedpresident Hage Geingob for his dedication to public service
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“Bank of Namibia governor Johannes !Gawaxab in his tribute to president Hage Geingob praised him for, among others, his dedication to the public service.”
Bryan Eiseb nominated to lead Anti-Corruption Commission—significant political appointment requiring parliamentary approval, relevant to governance and accountability.
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.
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.
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.