BoN briefs Nandi-Ndaitwah on state of economy

**Staff Writer **

The governor of the Bank of Namibia, Ebson Uanguta, met with President Netumbo Nandi-Ndaitwah, 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, Leonie Dunn and Nicholas Mukasa, as well as the deputy director of corporate communications and sustainability, Naufiku Hamunime.