The Bank of Namibia and Banco Nacional de Angola have signed an agreement to formalise technical collaboration and partnership. The agreement will focus on payment system integration enabled by digital capabilities and trade related guarantees between the banking institutions of the two countries. Additionally, it will involve sharing data and research into trade and related financial transactions to mitigate revenue leakages and sharing knowledge on financial inclusion initiatives. Both central banks have prioritised trade facilitation and plan to explore retail payment options such as prepaid cards for the payment of goods and services.
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Namibia: Several promotions at Bank of Namibia
The Bank of Namibia (BoN) has appointed Romeo Nel as technical adviser to the governor. Nel has been with the bank for 22 years, and has a background in law, banking, accountancy, and economics. As technical adviser, he will be in charge of financial sector development and regulatory advice. Other promotions in the management structure include Moudi Hangula, who has been promoted to branch manager of the BoN’s Oshakati office, Ancois Plaatje, head of the banking supervision department, and Karin Elago, acting deputy director of on-site examinations.
Categories: Regulators