The Bank of Namibia published a release on an official visit and staff engagement with Prime Minister Dr. Tjitunga Elijah Ngurare, using the meeting to set out the central bank’s current priorities. The bank highlighted its mandate to promote monetary and financial stability and presented its evolving agenda around digital transformation, stronger data and artificial intelligence capabilities, and a broader shift toward supporting a more digital economy. Key initiatives highlighted included the Instant Payment Platform, which is under development, and Digital Public Infrastructure. The bank linked these projects to faster, more affordable and secure financial services, improved service delivery, greater financial inclusion, and wider participation in the economy by households, entrepreneurs and small businesses. The Prime Minister reaffirmed government support for the bank’s role under Namibia’s Sixth National Development Plan and called on financial institutions to work together on a more humane and inclusive financial system, including dialogue on socio-economic pressures such as home repossessions and legislative attention to youth-related financial challenges.
Bank of Namibia2026-03-19
Bank of Namibia hosts Prime Minister and sets out digital transformation and instant payments agenda
The Bank of Namibia used a staff engagement with Prime Minister Dr. Tjitunga Elijah Ngurare to outline its strategic priorities, including digital transformation, data and artificial intelligence capabilities, and its mandate for monetary and financial stability. It also highlighted the Instant Payment Platform and Digital Public Infrastructure as key projects to expand faster, more secure and more inclusive financial services. The Prime Minister reaffirmed government support and urged financial institutions to address socio-economic pressures through a more inclusive approach.