Bank of Namibia

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Functions of BoN

The objective of the central bank of Namibia, according the Namibian Constitution, is to “serve as the State’s principle instrument to control
the money supply, the currency and the institutions of finance, and to
perform all other functions ordinarily performed by a central bank”. The Bank of Namibia Act No. 15 of 1997 further elaborates on this by
laying down the following objectives:

-To promote and maintain a sound monetary, credit and financial system,
in Namibia and sustain the liquidity, solvency and functioning of that system.
-To promote and maintain internal and external monetary stability and efficient
payment mechanism;
-To foster monetary, credit and financial conditions conducive to the orderly,
balanced and sustained economic development of Namibia;
-To serve as the Governments’ banker, financial advisor and fiscal agent; and
-To assist in the attainment of national economic goals.

Meet the experts joining the conversation at the Bank of Namibia Annual Symposium 2026.Prof. Jenik Radon, an Adjunct Pro...
17/09/2026

Meet the experts joining the conversation at the Bank of Namibia Annual Symposium 2026.

Prof. Jenik Radon, an Adjunct Professor at Columbia University, brings extensive international experience in natural resource governance and will unpack lessons from other countries on leveraging oil and gas to drive sustainable economic growth and development.

Joining the Bank of Namibia Annual Symposium 2026 as a panellist is Shakwa Nyambe, Founder and Managing Partner of SNC Incorporated and Immediate Past President of the Association of International Energy Negotiators (AIEN). With extensive experience in energy, natural resources and commercial law, Nyambe has advised governments, state owned enterprises and international corporations and previously served as Legal Counsel at the National Petroleum Corporation of Namibia and Chief Legal Officer at the Ministry of Justice.

Together, they bring international lessons and practical experience to an important conversation about how Namibia can turn resource potential into lasting economic value.

24 September 2026 | 08:00
Watch live on the Bank of Namibia’s digital platforms.

Oil may be the opportunity. But what will determine whether Namibia actually benefits from it?On 24 September 2026, the ...
16/09/2026

Oil may be the opportunity. But what will determine whether Namibia actually benefits from it?

On 24 September 2026, the Bank of Namibia Annual Symposium shifts the conversation from what lies beneath our waters to what we do before the first barrel is produced.

Under the theme “Namibia’s Pre-Oil Production Phase: Assessing Choices That Unlock Long-Term Economic Value,” the Symposium will interrogate the choices that could ultimately determine whether Namibia’s oil discoveries translate into lasting national value.

From institutional and legal readiness, skills and local participation, to governance and lessons from other oil-producing economies, the discussion goes beyond the promise of oil to confront a much bigger question: How do we get it right before first oil?

Coming up Live on our social media platforms.

Yesterday, the Bank of Namibia officially handed over two Philips IntelliValue monitors to the Paediatric Cardiac Intens...
16/09/2026

Yesterday, the Bank of Namibia officially handed over two Philips IntelliValue monitors to the Paediatric Cardiac Intensive Care Unit at Windhoek Central Hospital, reinforcing the Bank’s commitment to supporting initiatives that contribute to the health and well-being of Namibia’s children. The monitors were handed over by Deputy Governor Ms. Leonie Dunn and received by Mr. Johannes Gaeseb, Director of Tertiary Services at the Ministry of Health and Social Services.

"While the Bank of Namibia’s core mandate centers on monetary and financial stability, we recognise that sustainable national development ultimately depends on the well-being of our people. A healthy population is better positioned to learn, work, innovate and participate meaningfully in the economic and social development of our country. Through our Corporate Social Investment and Responsibility Programme, the Bank therefore seeks to support credible initiatives that address identified national needs and can make a meaningful and lasting difference in the communities we serve", said Deputy Governor Dunn.

Through this contribution, the Bank seeks to complement national healthcare efforts and strengthen specialised paediatric cardiac care, ultimately contributing to better health outcomes and a healthier future for Namibia’s children.

The Bank of Namibia today concluded the 2026 National High School Competition, with ReverendJuuso Shikongo SS emerging a...
11/09/2026

The Bank of Namibia today concluded the 2026 National High School Competition, with Reverend
Juuso Shikongo SS emerging as the national champion following the Grand Finale. Windhoek High
School secured second place, followed by Nuuyoma Secondary School in third and Saint Kizito
College in fourth.

The national champion received N$50,000, while the second and third placed schools received N$30,000 and N$10,000, respectively. The fourth-place school received a preloaded Wi-Fi router. The prizes recognise academic excellence while supporting the schools in their continued educational journey.

11/09/2026

Bank of Namibia National High School Competition Grand Finale 2026.

The advertised vacancies for Senior Economist: Forecasting and Monetary Policy Analysis and Senior Economist: Near-Term ...
11/09/2026

The advertised vacancies for Senior Economist: Forecasting and Monetary Policy Analysis and Senior Economist: Near-Term Forecasting have been cancelled.

The Bank of Namibia regrets any inconvenience caused.

Following an exciting round of semi finals, Nuuyoma Secondary School, Windhoek High School, Saint Kizito College and Rev...
11/09/2026

Following an exciting round of semi finals, Nuuyoma Secondary School, Windhoek High School, Saint Kizito College and Reverend Juuso Shikongo Secondary School have secured their places in the 2026 Bank of Namibia National High School Competition Grand Finale!

Tonight, these four schools will put their knowledge, speed and strategy to the ultimate test as they battle for the title of 2026 National Champion.

Who will take the trophy home?

Today, @18:00
Watch it live on Facebook, X and YouTube

Recently, the Bank of Namibia’s Financial Markets Department (FMD) hosted a bilateral engagement with the Deutsche Bunde...
09/09/2026

Recently, the Bank of Namibia’s Financial Markets Department (FMD) hosted a bilateral engagement with the Deutsche Bundesbank to strengthen capacity in investment and international reserves management. The engagement formed part of the EU-funded European System of Central Banks (ESCB) programme with African central banks, which promotes knowledge exchange and institutional capacity building among participating central banks.

As part of the engagement, FMD hosted two Financial Markets experts from the Deutsche Bundesbank, Torsten Rothe, Head of Foreign Reserve Management Section and Kim Robin Erhart , Senior Portfolio Manager, for three days of technical discussions and knowledge exchange. The sessions brought together strategic reserve management concepts and practical portfolio management applications, covering reserve management governance, strategic and tactical asset allocation, liquidity management, benchmark design, performance attribution, credit analysis and risk management.

The engagement provided a valuable platform for the Bank’s Financial Markets team to exchange experiences with their Bundesbank counterparts and gain further insights into operational processes and international reserve management practices. Through partnerships such as these, the Bank continues to strengthen the capabilities of its Financial Markets Department and advance sound international practices in the prudent management of Namibia’s international reserves.

In just 2 days, the brightest young minds from all 14 regions of Namibia will go head-to-head in the Bank of Namibia Nat...
09/09/2026

In just 2 days, the brightest young minds from all 14 regions of Namibia will go head-to-head in the Bank of Namibia National High School Competition Grand Finale 2026.

After an exciting journey through the regional rounds, 14 schools have earned their place on the national stage, each carrying the hopes and pride of their region.

The buzzers are ready, the stakes are high, and the stage is set. Which school will outthink the rest and be crowned the 2026 National Champion?

Date: 11 September 2026
Time: 17:30

Watch it live on the Bank of Namibia’s Facebook, X and YouTube platforms.

The Bank of Namibia seeks the services of a suitably qualified, experienced and competent person to join its workforce i...
08/09/2026

The Bank of Namibia seeks the services of a suitably qualified, experienced and competent person to join its workforce in the position of:

IT Security Specialist: Paterson Grade: C3

Apply here: https://services.bon.com.na/recruitment

Due date: 21 September 2026

Address

Robert Mugabe Avenue
Windhoek
9000

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

Telephone

+264612835111

Website

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