Key points drawn from coverage. Tap a point to see the original sentence.
April 2026
Informanté
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.”
Central bank spokesperson Kazembire Zemburukasays the bank has embracedAI and robotics by deploying virtual bots
Source
“Central bank spokesperson Kazembire Zemburuka says the bank has embraced AI and robotics by deploying virtual bots to replace cumbersome, manual tasks.”
Kazembire Zemburukasaysexchange control policies are crafted to support oil and gas sector
Source
“According to Kazembire Zemburuka, the central banks spokesperson, the country's exchange control policies are crafted to support the oil and gas sector by creating a conducive environment for foreign direct investments.”
President nominates Bryan Eiseb to lead the Anti-Corruption Commission, a key governance appointment requiring parliamentary approval and signaling continued focus on accountability.
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."