31
Mar
Allexer Namundjembo The Bank of Namibia (BoN) embraced the collection of data, artificial intelligence, and machine learning to build forecasting models for predicting non-performing loans and improving board pack assessments. This was revealed by the central bank’s governor, Johannes !Gawaxab, during the launch of the 2022-2024 annual report on Monday. “In addition to the broader use of digital tools, local and foreign government payments were digitised, removing paper and enhancing the visibility of processing for government transactions,” said !Gawaxab. The report outlines key developments under the bank’s 2022-2024 strategy, including automation, digitalisation and strong financial performance. According to !Gawaxab, the…