Kazembire Zemburuka, Director of Communications at the central banksaidrate of growth picked up to 2.0% from 0.1% in Q4 2025
Source
“Kazembire Zemburuka, Director of Communications at the central bank, said that having maintained positive growth since the second quarter of 2021, the rate of growth picked up to 2.0% from 0.1% in the final quarter of 2025.”
Zemburukasaidpositive growth driven by tertiary industries and agriculture
Source
“"The positive growth performance was largely driven by the tertiary industries, particularly wholesale and retail trade, financial services, health, education, and public administration.”
Kazembire ZemburukasaidNamibian economy projected to grow moderately over medium term
Source
“Kazembire Zemburuka, Director of Communications and International Relations at the central bank, said that the Namibian economy is projected to grow moderately over the medium term, following slower growth estimated for 2025.”
Kazembire Zemburukahas confirmedrecruitment process for deputy governor has started
Source
“Although the bank has not publicly named the deputy governor candidates, its spokesperson, Kazembire Zemburuka, has confirmed that the recruitment process has started.”
Kazembire Zemburukasaysvelocity of money has slightly declined, money circulating slowly despite rise in broad money
Source
“"The velocity of money has slightly declined, suggesting that money has been circulating in the economy relatively slowly over the last few years, although the level of broad money has generally risen," central bank spokesperson Kazembire Zemburuka says.”
BoN spokesperson Kazembire Zemburukareleaseda statement on Monday
Source
“In a statement BoN spokesperson Kazembire Zemburuka released on Monday, the bank says the adjustment, announced on 12 November, narrows South Africa's previous 3% to 6% range to a central target of 3% with a one percentage point tolerance band.”
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.
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.
Lamech Mwanyangapo, a veteran camera operator at the Namibian Broadcasting Corporation who was diagnosed with multiple myeloma in 2023 and became a vocal cancer advocate through the Lamech Mwanyangapo Cancer Foundation, died on Saturday at age 61. NBC leadership paid tribute to him as a dedicated professional, compassionate colleague, and valued team member.
During the first quarter of 2026, Namibia's domestic economic activity picked up to 2.0% growth from 0.1% in the final quarter of 2025, marking the eighteenth consecutive positive quarterly value since the second quarter of 2021. Growth was driven by tertiary industries including wholesale and retail trade, financial services, health, education, and public administration, along with strong agricultural performance supported by favourable rainfall and brisk fishing activity, though mining weakened and manufacturing contracted.
The Bank of Namibia's latest Economic Outlook forecasts domestic GDP growth of 2.6% in 2026 and 2.9% in 2027, moderate expansion supported primarily by construction, electricity, water, retail trade, and financial services, though projections were revised downward due to weaker primary industries performance, particularly metal ores and diamond mining.
Three Bank of Namibia executives—Nicholas Mukasa, Emma Haiyambo, and Florette Nakusera—have been shortlisted to fill the vacant deputy governor position; according to sources, Mukasa is the front-runner after the Public Service Commission submitted him as the top contender.
The Bank of Namibia warns that vendors making cash bouquets face fines up to N$50,000 or three years' imprisonment, citing damage to banknotes and harm to currency-sorting machinery. Small business owners say the surprise enforcement will devastate their livelihoods, particularly around Valentine's Day and other peak gift-giving seasons.
The velocity of money in Namibia—the speed at which cash circulates through the economy—has declined to 1.6 in 2025 from 1.8 in 2015, despite total money supply rising. The Bank of Namibia attributes the slowdown to people spending less on goods, services, and investments, and uses tools like bill issuance and repo facilities to manage liquidity.
The Namibian Broadcasting Corporation has denied allegations that it intends to conduct re-interviews for the director general position, a role vacant since outgoing chief Stanley Similo's contract expired last year. NBC board chairperson Lazarus Jacobs said the recruitment process remains incomplete and that any claims about re-interviews are "speculation, innuendo and rumour mongering."