BANK OF NAMIBIA STRENGTHENS MONETARY POLICY AND REGIONAL COOPERATION

BANK OF NAMIBIA STRENGTHENS MONETARY POLICY AND REGIONAL COOPERATION The Bank of Namibia (BoN) has taken significant steps to reinforce its monetary policy framework and deepen regional financial cooperation through a series of developments. These include safeguarding price stability, supporting economic growth and strengthening financial stability. In a move aimed at strengthening monetary policy formulation, […]

A MONTHLY WRAP-UP OF NEWS WORTH KNOWING

A MONTHLY WRAP-UP OF NEWS WORTH KNOWING NAMIBIA TO FINALISE INVESTMENT PROMOTION BILL BEFORE YEAR-END The Ministry of International Relations and Trade plans to finalise the Namibia Investment Promotion and Facilitation Bill by the end of 2026 to strengthen policy certainty and investor confidence. Minister Selma Ashipala-Musavyi said the Bill aims to balance attracting investment […]

UPDATED ADMINISTRATIVE REQUIREMENTS ON INCOME TRANSFERS

UPDATED ADMINISTRATIVE REQUIREMENTS ON INCOME TRANSFERS The Financial Surveillance Department of the South African Reserve Bank has issued Exchange Control Circular No. 15/2025, introducing new administrative requirements for income transfers made abroad to non-residents and individuals who have ceased to be South African tax residents (“former SA tax residents”). Exchange control circulars issued by the […]

NAMIBIA SET FOR BIG INTEREST RATE HIKE IN OCTOBER

 September 23, 2022 Economists are predicting the Bank of Namibia (BoN) will raise its benchmark interest rate by 0.75 percentage points in October, the second such rise in a row, and signal plans to raise rates again in the coming months.  This was after the South African Reserve Bank’s Monetary Policy Committee (MPC) raised the […]