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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

Bank of Namibia

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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.

03/11/2026

The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority hereby jointly release the October 2026 Financial Stability Report (FSR). The report assesses the stability and resilience of the Namibian financial system to both domestic and external shocks. It reviews trends in financial soundness indicators for domestic banking institutions, NBFI development, and stress test simulations for both banks and non-banks.

The report also analyses developments in the payment infrastructure, the property market, macroprudential surveillance, and regulation.

Check out the 3 key findings below.

Access the full report here: https://bit.ly/4A926Ci

02/11/2026

The Governor of the Bank of Namibia, Mr. Ebson Uanguta, participated in the FirstRand Namibia Leadership Conference held last week, under the theme “Moonshot Namibia: Aim Higher. Fly Further.”

In his address, Governor Uanguta reflected on Namibia’s economic outlook and the critical role of the financial sector in unlocking opportunities across emerging industries, including oil and gas, energy, logistics and agriculture.

The address touched on the Namibia Financial Sector Transformation Strategy 2025–2035, advancements in digital payments through initiatives such as WayaMe, and the growing role of artificial intelligence in enhancing financial services.

Calling for bold yet considered leadership, Governor Uanguta urged banks to look beyond traditional financing approaches, develop expertise in emerging industries and strengthen partnerships that connect Namibian businesses to capital, knowledge and markets.

He further emphasised the need for greater investment in shared financial infrastructure, sound risk management and closer collaboration between banks and the Bank of Namibia to safeguard financial stability while supporting economic growth.

30/10/2026

The Bank of Namibia has issued BID-42, a determination introducing temporary financial relief measures for farmers and agribusinesses affected by the Foot-and-Mouth Disease outbreak and El Niño-induced climatic conditions.

The measures aim to ease financial pressures on affected borrowers, support the recovery of the agricultural sector and safeguard financial stability. They include loan repayment relief of up to 24 months, loan restructuring and additional financing options, subject to eligibility requirements.

Swipe through to learn more.

🔗 Read the full media statement here: https://bit.ly/3AjK2w5

30/10/2026

On 26 and 27 October 2026, the Monetary Policy Committee (MPC) of the Bank of Namibia held its fifth bi-monthly meeting of 2026 to decide on the appropriate monetary policy stance for the next two months. Guided by a comprehensive assessment of the latest economic data and with a view to continue safeguarding the peg between the Namibia Dollar and the South African Rand, the MPC unanimously decided to increase the Repo rate by 25 basis points to 7.00 percent.

➡️ Swipe through for a simplified breakdown of the decision, the economic developments that informed it and what it means for you.

Missed the announcement? Catch up here:

📺 Watch the livestream: https://bit.ly/4zib1Bh
📄 Read the media statement: https://bit.ly/4iynPfQ

30/10/2026

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

Senior Administrative Assistant: Financial Stability and Macroprudential Oversight Department (Grade: Paterson C1)

Apply here: https://bit.ly/3yLPx5j.

Due date: 12 November 2026

29/10/2026

The Bank of Namibia officially handed over a commemorative N$10 silver non-circulating coin, minted in 1996 to honour Namibian sprint legend Mr Frank Fredericks and his remarkable achievements at the Atlanta Olympic Games, to the Namibia National Olympic Committee (NNOC).

Received by NNOC CEO, Ms Anri Parker, the coin celebrates a defining moment in Namibia’s sporting history and serves as a lasting symbol of national pride and inspiration for future generations of athletes.

Featuring a cheetah symbolising the speed, strength and determination that defined Fredericks’ career, alongside Namibia’s Coat of Arms, the coin represents a tribute to sporting excellence and Namibia’s Olympic legacy.

28/10/2026

The Monetary Policy Committee (MPC) of the Bank of Namibia met on the 26th and 27th of October 2026.

The MPC decided to increase the Repo rate by 25 basis points to 7.00 percent. The decision was guided by a comprehensive assessment of the latest economic developments and outlook.

Read more here: https://www.bon.com.na/Bank/Monetary-Policy/Monetary-Policy-Statements.aspx

28/10/2026

Monetary Policy Announcement

26/10/2026

The Monetary Policy Committee (MPC) of the Bank of Namibia will announce the monetary policy decision on Wednesday, 28 October 2026.

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

The current Repo Rate is 6.75%.

23/10/2026

The Governor of the Bank of Namibia, Mr Ebson Uanguta, met with the President of the Republic of Namibia, Her Excellency Dr Netumbo Nandi-Ndaitwah, Namibian Presidency, to provide a comprehensive briefing on the state of the Namibian economy, as part of the Bank’s ongoing high-level stakeholder engagement programme.

The discussion covered recent global and domestic economic developments, Namibia’s economic growth prospects, the inflation outlook, and emerging risks to macroeconomic and financial stability.

The briefing also highlighted key regulatory developments and progress on the Bank’s strategic initiatives, including the Instant Payments Platform, the Namibia Financial Sector Transformation Strategy, the Bank’s Gold Acquisition Programme and the Sovereign Wealth Fund, all aimed at strengthening the financial sector, advancing financial inclusion and supporting sustainable economic development.

Furthermore, the engagement addressed the Bank’s ongoing efforts to strengthen institutional capacity and international cooperation in preparation for Namibia’s emerging oil and gas industry, green energy transition and broader economic transformation.

The engagement reaffirmed the Bank of Namibia’s commitment to maintaining open and constructive dialogue with the Presidency, providing evidence-based economic insights to inform national policy considerations, and advancing initiatives that safeguard macroeconomic and financial stability while supporting sustainable and inclusive economic development.

The Governor was accompanied by Deputy Governors Ms Leonie Dunn and Mr Nicholas Mukasa, as well as the Deputy Director of Corporate Communications and Sustainability, Ms Naufiku Hamunime.

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

http://www.bon.com.na/

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