The Bank of Namibia (BoN) is the central bank of the Republic of Namibia, established by the Bank of Namibia Act, 1990 (Act No. 8 of 1990), and later re-enacted by the Bank of Namibia Act, 1997 (Act No. 15 of 1997). Its primary objective is to promote and maintain price stability. The Bank also aims to foster a sound financial system, manage Namibia's foreign exchange reserves, act as a banker, advisor, and fiscal agent to the Government, and issue currency. It plays a crucial role in formulating and implementing monetary policy and overseeing the country's payment systems.
Serves as the primary operational center for all central banking functions, including monetary policy formulation, financial stability oversight, currency management, economic research, and administrative operations.
A modern, purpose-built high-rise building, recognizable in Windhoek's skyline, featuring secure facilities essential for a central bank's operations, including vaults and advanced IT infrastructure.
Highly professional, analytical, and policy-driven, emphasizing integrity, precision, confidentiality, and a commitment to national economic development and stability. Employees often have backgrounds in economics, finance, law, and IT.
As the nation's central monetary authority, the headquarters is the nerve center for Namibia's financial system, influencing economic policy and safeguarding financial stability.
While the Bank of Namibia's primary operations are domestic, its global presence is manifested through its relationships and interactions with international financial institutions such as the International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), the Association of African Central Banks (AACB), and the SADC Committee of Central Bank Governors. It also manages Namibia's foreign exchange reserves, which involves dealing with international financial markets and correspondent banks globally.
71 Robert Mugabe Avenue
Windhoek
Khomas Region
Namibia
Address: Erf 2001, Main Road, Oshakati
To extend the central bank's operational reach, ensure efficient currency supply, and support financial inclusion and understanding in key economic zones outside the capital.
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As of April 2025, Bank of Namibia' leadership includes:
Bank of Namibia has been backed by several prominent investors over the years, including:
The core leadership (Governor and Deputy Governors) at the Bank of Namibia has remained stable in the past year. Any changes at the director level are typically announced through official press releases on the Bank's website. No major high-profile departures or appointments at the Governor/Deputy Governor level have been widely publicized in the last 12 months.
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The Bank of Namibia typically uses a standardized email format for its employees, generally combining parts of the employee's name with the official domain.
[first_initial].[last]@[bon.com.na]
Format
j.gawaxab@bon.com.na
Example
85%
Success rate
Bank of Namibia Official Website • June 18, 2024
The Monetary Policy Committee (MPC) of the Bank of Namibia decided to keep the Repo rate unchanged at 7.75 percent. This decision was taken following a comprehensive review of global, regional, and domestic economic developments, which indicated that the current monetary policy stance remains appropriate to support domestic economic activity while maintaining the one-to-one link between the Namibia Dollar and the South African Rand....more
Bank of Namibia Official Website • April 16, 2024
The Bank of Namibia's Monetary Policy Committee (MPC) decided to maintain the Repo rate at 7.75 percent. The decision was based on the assessment that this rate is appropriate to continue supporting domestic economic growth while safeguarding the peg between the Namibia Dollar and the South African Rand....more
The Namibian • February 22, 2024
Bank of Namibia governor Johannes !Gawaxab presented the economic outlook for 2024, discussing key factors influencing Namibia's economy, including inflation, growth prospects in various sectors like mining and agriculture, and the overall fiscal position. He emphasized the importance of prudent policy measures to navigate global uncertainties....more
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