Bank of Namibia

Bank of Namibia stocks Chinese currency as part of its reserve currencies

by editor1 / Oct 11, 2019 / 0 comments
Photo credits: 
NAMPA

-The Bank of Namibia has started stocking the Chinese currency, the renminbi, as part of its reserve currencies.

Namibia benefiting from the Rand - Bank of Namibia

by editor1 / Dec 24, 2018 / 0 comments
Photo credits: 
BoN

Ebson Uanguta, Deputy Governor of the Bank of Namibia said the delinking of Namibia currency from the South African Rand is not an option that Namibia can consider at this moment.

Bank of Namibia advises Namibians to develop saving habits

by editor1 / Apr 12, 2018 / 0 comments

The Bank of Namibia advised Namibians to start developing a culture of saving to avoid debt.

Banco Nacional de Angola pays back up to U$150 million to Namibia

by editor1 / Oct 26, 2017 / 0 comments

The Bank of Namibia announced on Wednesday that the Banco Nacional de Angola has paid back up to U$150 million, approximately N$2.1 billion, out of its nearly N$4 billion debt to Namibia.

Bank of Namibia warns against My Life Change 247 scheme

by editor1 / Oct 19, 2017 / 0 comments

-The Bank of Namibia is warning the public against a potentially fraudulent financial scheme called My Life Change 247.

BoN cautions over virtual currencies not backed by any authority

by editor1 / Sep 14, 2017 / 0 comments

Bank of Namibia says users of virtual currencies should be mindful of the risks involved in trading in such currencies that are not backed by a central banking authority.

Bank of Namibia cuts repo rate

by editor1 / Aug 16, 2017 / 0 comments
Photo credits: 
NAMPA

-The Bank of Namibia has resolved to cut the repo rate by 25 basis points, to 6,75% from 7%.

Bank of Namibia receives N$663 million from Angola

by editor1 / Jul 21, 2017 / 0 comments

The Bank of Namibia this month received a payment of US$51 million, or N$663 million, from its Angolan counterpart, Banco National de Angola.

SME Bank minority shareholders call on Windhoek High Court to dismiss BoN application

by editor1 / Jul 06, 2017 / 0 comments

Lawyers representing the SME Bank's minority shareholders has requested the Windhoek High Court to remove the application of the Bank of Namibia from the court roll.

Bank of Namibia files court application to close SME Bank

by editor1 / Jul 04, 2017 / 0 comments

-In a dramatic turn of events, the Bank of Namibia has filed an application in the Windhoek High Court, seeking the closure of the SME Bank.

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