The Bank of Namibia has launched a 10-year financial sector strategy focused on digital transformation, inclusion, localisation and sustainable economic growth.
The report was launched in collaboration with the Namibia Financial Institutions Supervisory Authority (Namfisa) and the Ministry of Finance on Monday.
Central bank governor Johannes !Gawaxab said the strategy comes at a time when the financial sector is facing a technological, regulatory and historical pivot.
“The Namibian financial system is confronting the 2035-pivot, balancing development and stability on the one hand, and preparing for the new world on the other,” he said.
The new strategy has five pillars, namely, digital transformation and innovation, financial access, literacy and protection, skills and capacity development, financial sector development for growth and sustainability, and financial sector localisation.
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
