The Bank of Namibia has signed a gold purchase agreement with QKR Namibia Navachab to enable the structured purchase of domestically produced gold for its reserve portfolio, aligned with international reserve management standards and the Bank’s reserve management framework. The agreement sits within a broader gold acquisition programme intended to strengthen the composition of reserve assets and support Namibia’s capacity to respond to external shocks, while also supporting retention of domestically produced resources. The release highlights gold’s role in reserve management as a store of value, an inflation hedge, and a stabilising asset during economic shocks. Implementation of the gold acquisition programme will be phased, with acquisitions supported by governance structures, risk management processes and operational safeguards, and calibrated to market conditions and institutional readiness.

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