The Bank of Namibia will remain committed to its digital transformation journey to position itself as a future-fit organization responsive to the needs of not only Namibia but to meet the same global demands, Deputy Governor of the Bank, Ebson Uanguta has said.
Uanguta further noted that the Bank has dedicated itself to championing the financial inclusion agenda through implementing our new strategy, especially for Namibians in rural areas, women, and entrepreneurs in the informal economy.
“As we sail through new unchartered territories of the 4th and 5th industrial revolution, the Bank can assure you of its commitment to building a prosperous Namibia by safeguarding monetary and financial stability,” Uanguta told President Hage Geingob during his visit to the Bank last week.
Also speaking at the engagement, Governor of the Bank, Johannes Gawaxab emphasised that since the dawn of independence, the Government of Namibia, in recognition of the important role of the Central Bank, has been committed to providing an enabling environment within which the Bank of Namibia could operate independently.
“In doing so, the Bank has been able to successfully discharge its mandate and has been committed to taking decisions in the best interest of the Namibian people and the economic prosperity of this country. Government in general and the Ministry of Finance in particular have embraced sound, stability-oriented policies, thereby providing a solid foundation that facilitates the Bank’s operations.
“The world economy has taken a major hit with the devastating impact of the COVID19 pandemic and now the Russia-Ukraine conflict, and likewise Namibia has not been spared. Despite this very difficult global situation, I do believe that there is a lot of promise and opportunity, and that our stars are aligning. The economy recorded positive growth in 2021 after almost five years of contraction, and the first two quarters of 2022 have also delivered neat positive growth rates and opportunities in the energy sector,” he said.
He went on to say that over the years, the Bank has been and continues to be committed to the wellbeing and economic development of the people of Namibia. In this regard, the Bank has shaped a new vision to be a leading central bank committed to a prosperous Namibia.
“Through effective monetary policy and an inclusive, modernised, and stable financial system, our mission is to support sustainable economic development for the benefit of all Namibian people. This mission reflects our commitment to support socio-economic progress and sustainable economic development in Namibia. As the Bank of Namibia, we remain committed to leading with vision and integrity. We vow to serve and grow this jewel called Namibia,” he said.