Bank of Namibia

Bank of Namibia Join our WhatsApp channel and stay up to date with the Bank’s information: https://bit.ly/3XXrLMT

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 o

bjectives:

-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.

15/06/2026

The wait is over.

Introducing WayaMe — a proudly Namibian brand developed to support the future of instant payments.

Inspired by the phrase “Wire Me”, WayaMe represents a simpler, faster and more connected way to move money.

Today, it’s a name.

Tomorrow, it will power new ways to pay, receive and transact.

This is only the beginning.

WayaMe. It works for everyone.

The Monetary Policy Committee (MPC) of the Bank of Namibia will announce the monetary policy decision on Wednesday, 17 J...
15/06/2026

The Monetary Policy Committee (MPC) of the Bank of Namibia will announce the monetary policy decision on Wednesday, 17 June 2026.

Watch it live on our Facebook, YouTube and X pages at 11h00 AM.

The current Repo Rate is 6.50%.

What if sending money felt as simple as sending a message?Something connected is coming.
13/06/2026

What if sending money felt as simple as sending a message?

Something connected is coming.


This week, the Bank of Namibia and Banco de Moçambique signed a Memorandum of Understanding (MoU), to reaffirm their lon...
12/06/2026

This week, the Bank of Namibia and Banco de Moçambique signed a Memorandum of Understanding (MoU), to reaffirm their longstanding relationship and commitment to advancing central banking excellence in the southern African region. The signing took place on the margins of the Committee of Central Bank Governors (CCBG) Meetings, hosted by the Bank of Tanzania in Dar es Salaam, Tanzania.

The MoU provides a framework for the two central banks to enhance collaboration in areas of mutual interest. These areas include digital transformation and innovation, payment systems modernisation, fintech, financial stability, monetary policy and macroprudential oversight, climate risk, governance, capacity building and currency museums.

The signing builds on a bilateral discussion held in September 2025 during the Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) in Swakopmund, Namibia, where discussions between the two central banks highlighted a shared commitment to knowledge exchange, capacity development and institutional excellence.

During the signing ceremony, the Governor of the Bank of Namibia, Mr Ebson Uanguta, noted that Africa's most enduring progress is achieved through cooperation and mutual learning. He emphasised that strong institutions are built not only through expertise and innovation, but also through a willingness to learn from one another. He further highlighted that while the Bank of Namibia's Currency Museum Project provided the initial motive for the engagement between the two institutions, the MoU creates broader opportunities for collaboration across a wide spectrum of central banking functions.

The two institutions will strengthen their capabilities through staff exchanges, secondments, joint research projects and other forms of technical cooperation and assistance with the aim to effectively respond to the changing financial and economic landscape.

This partnership is underpinned by a shared vision of building resilient, innovative and future-ready central banks that contribute to the sustainable economic development and financial stability of the region and the broader African continent.

Expression of Interest | The Bank of Namibia invites qualified service providers to submit an expression of interest for...
12/06/2026

Expression of Interest | The Bank of Namibia invites qualified service providers to submit an expression of interest for:

Conducting a Diagnostic Study on the State of Climate Data in Namibia

📧 Submit to: [email protected]
⏰ Deadline: Thursday, 26 June 2026 at 12:00.

Download the Terms of Reference (ToR) here: https://bit.ly/4eh8wWv

This week, the Bank of Namibia was awarded the Artificial Intelligence Initiative Award at the 2026 Central Banking Awar...
12/06/2026

This week, the Bank of Namibia was awarded the Artificial Intelligence Initiative Award at the 2026 Central Banking Awards in London, recognising the Bank's pioneering use of artificial intelligence and machine learning to strengthen policymaking, financial sector oversight and operational efficiency. The prestigious event, organised by Central Banking Publications, celebrates exceptional achievements within the central banking community.

The award acknowledges innovative solutions developed by the Bank, including a non-performing loans predictive model that provides early warning signals on banking sector risks, an inflation nowcasting system that delivers near real-time inflation estimates to support monetary policy decisions, and a Regulatory Navigation Tool that enhances access to regulatory information.
The award was received on behalf of the Bank by Ms Valeria Mbango, Director: Strategy, Projects & Transformation and Ms Olivia Haenert, Deputy Director: Digital Transformation & Innovation.

Beyond its internal transformation efforts, the Bank continues to invest in Namibia's digital future through initiatives such as the Artificial Intelligence and Robotics Accelerator Laboratory, established in partnership with the Namibia University of Science and Technology (NUST), which is helping to develop the next generation of Namibian AI and robotics talent.

As part of the programme, Ms Mbango also joined central banking leaders from across the world for a panel discussion on "AI for Central Banks: Unlocking Insight, Preserving Judgement, and Informing Policy", where participants explored how artificial intelligence is reshaping research, forecasting, supervision, payments oversight and market surveillance, while emphasising the importance of robust governance, human oversight and responsible AI adoption.

This recognition reflects the Bank's commitment to embracing innovation, strengthening institutional effectiveness, and leveraging technology to support a resilient, inclusive and future-ready financial system for Namibia.

The Bank of Namibia hosted its Annual Internal Audit Awareness Day under the theme, “The Role of Internal Audit in Enhan...
11/06/2026

The Bank of Namibia hosted its Annual Internal Audit Awareness Day under the theme, “The Role of Internal Audit in Enhancing Public Sector Governance.” The event convened internal auditors, policymakers and representatives from public entities to engage in discussions aimed at strengthening strategic governance and advancing the role of internal audit in the public sector.

Deputy Governor Nicholas Mukasa emphasised the importance of reimagining the future of internal audit by focusing on the systemic challenges reshaping the profession, the strategic role and positioning of internal audit within governance structures, the profession’s evolving trajectory over the next decade and the practical steps required to future-proof internal audit functions in an increasingly complex environment.

Participants also gained valuable insights from the Office of the Auditor-General and the Institute on Internal Audit Kenya on key issues emerging from external audits of public entities, including audit outcomes and to strengthen the legislative framework governing the profession.

The Internal Audit Awareness Day concluded with discussions centered on accountability, capacity building and the development of more effective public institutions. Participants reaffirmed the shared responsibility of establishing enabling policies and frameworks that allow internal audit functions to operate effectively, independently, and with objective assurance.

The Bank of Namibia was also privileged to welcome the Chief Executive Officer of the Municipality of Swakopmund, Mr Alfeus Benjamin.

Connecting people.Connecting payments.Connecting possibilities.Something connected is coming.
11/06/2026

Connecting people.
Connecting payments.
Connecting possibilities.

Something connected is coming.

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

Alerts

Be the first to know and let us send you an email when Bank of Namibia posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Organization

Send a message to Bank of Namibia:

Shortcuts

Share

Category