Martin Endjala
On Wednesday, the Bank of Namibia (BoN) launched its 2025-2027 strategic plan to support Namibia’s financial sector with the best global practices and to leverage emerging technologies to foster inclusivity, sustainability, and economic prosperity.
The launch is said to be a bold move and a transformative vision for the future of central banking. It will also maintain macroeconomic stability, drive innovation, and foster resilience.
According to Naufiku Hamunime, the bank’s acting director of strategic communications and international relations, a strategic plan is a carefully crafted game plan for addressing the challenges and opportunities of a rapidly evolving global financial system.
“The Bank will focus on three key priorities: building a smart central bank through the adoption of advanced digital tools, fostering an inclusive and resilient financial system supported by modern regulatory frameworks, and laying the foundation for a diversified economy driven by emerging industries,” she said.
Hamunime said these initiatives are designed to ensure macroeconomic stability while creating an inclusive and globally competitive financial ecosystem.
She said the bank has demonstrated progress in executing transformative initiatives as set out in its 2022-2024 strategic plan while setting the foundation for the public 2025-2027 strategy.
These accomplishments include significant progress in financial inclusion, such as developing an Instant Payment Platform set to launch in 2025 and operationalising the bank’s legal framework to advance financial sector modernisation.
Meanwhile, Johannes !Gawaxab BoN’s governor emphasised the significance of this new strategic direction, indicating that the 2025-2027 Strategic Plan is a promise to the people of Namibia that it is prepared to lead with innovation to ensure financial stability today while creating opportunities for prosperity tomorrow.
“This plan reflects our belief that technology and inclusivity are the cornerstones of a resilient economy that benefits every generation,” he said.
As the Bank embarks on this ambitious journey, he said it remains steadfast in its commitment to align its practices with global standards, addressing emerging trends such as climate change, digital transformation, and financial inclusion.
He said that introducing the Instant Payment Platform in 2025, a major milestone under this strategy will bring Namibia closer to achieving universal financial access by reducing transaction barriers and expanding economic opportunities for the underserved.
!Gawaxab added that through collective effort and a forward-thinking approach, the bank is confident that this strategy will transform the Namibian financial system and set a benchmark for innovation and resilience in Africa and beyond.
