• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, June 20, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Finance

Bank of Namibia joins global initiative for sustainable finance

by editor
January 11, 2024
in Finance
11
A A
4
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Bank of Namibia (BoN) has become a plenary member of the Network for Greening the Financial System (NGFS), the bank announced.

You might also like

Namibia’s domestic borrowing rise to N$20 billion

BoN calls on commercial banks to cut lending margins in line with CMA norms

Bank of Namibia keeps repo rate unchanged at 6.75%

The NGFS is composed of central banks and prudential supervisory authorities from around the world, focusing on advancing environmental and climate risk management in the global financial sector.

“The Bank’s acceptance into the NGFS is a momentous step forward in our commitment to sustainable economic growth, dovetailing national efforts that have put Namibia on the map by providing solutions to the global decarbonisation effort through the pursuit of the country’s highly ambitious Green Hydrogen initiative,” said BoN Governor Johannes !Gawaxab.

According to Naufiku Hamunime, Principal: International Relations & Sustainability at BoN, the bank’s application received unanimous approval from the NGFS. As such, the bank will collaborate with other entities globally to strengthen the financial system’s capacity in managing risks and channeling capital towards green and low-carbon investments.

“Namibia, being disproportionately vulnerable to the effects of climate change, recognizes the critical importance of aligning its financial system with green principles. As a semi-arid country facing recurring drought challenges, the negative impacts on food security and underlying macroeconomic risks are profound,” she said.

Hamunime mentioned that the bank aims to strengthen the domestic financial sector’s capacity to assess and manage climate-related risks and actively advocate for the integration of sustainable finance principles on the global stage.

“Joining the NGFS reinforces this commitment and will provide the tools, knowledge, and collaborative platform needed to accelerate progress toward a more sustainable future. The Bank is excited about the potential benefits of joining the NGFS and looks forward to contributing positively to this transformative initiative,” she said.

With this membership, the Bank of Namibia joins a prestigious network of 134 members and 21 observers committed to strengthening the collective response to meet the goals of the Paris Agreement

author avatar
editor
See Full Bio
Tags: bank of namibiafinanceJohannes !Gawaxabnamibianamibia newsNaufiku HamunimeNetwork for Greening the Financial System
Share46Tweet29Share8
Previous Post

Tomas Iindji joins Standard Bank Namibia as Head of Business Banking

Next Post

Namibia records decline in food, transport, recreation prices in December

Recommended For You

Namibia’s domestic borrowing rise to N$20 billion

by reporter
June 18, 2025
0
Namibia’s domestic borrowing rise to N$20 billion

The Bank of Namibia (BoN) has announced that the government’s domestic borrowing requirement has increased to N$20 billion for the current fiscal year, up from N$15 billion last...

Read moreDetails

BoN calls on commercial banks to cut lending margins in line with CMA norms

by reporter
June 18, 2025
0
BoN calls on commercial banks to cut lending margins in line with CMA norms

The Bank of Namibia has urged commercial banks to reduce their prime lending margins to levels consistent with other Common Monetary Area (CMA) countries, a move expected to...

Read moreDetails

Bank of Namibia keeps repo rate unchanged at 6.75%

by reporter
June 18, 2025
0
Bank of Namibia keeps repo rate unchanged at 6.75%

The Bank of Namibia has kept the Repo rate steady at 6.75%, a move widely anticipated by analysts, following the Monetary Policy Committee’s (MPC) third bi-monthly meeting held...

Read moreDetails

IMF urges Namibia to cut civil service and reform SOEs and taxes

by reporter
June 17, 2025
0
IMF urges Namibia to cut civil service and reform SOEs and taxes

The International Monetary Fund has called on Namibia to implement specific structural reforms including reducing the public wage bill through civil service reform, restructuring state-owned enterprises (SOEs), and...

Read moreDetails

What to expect from the Bank of Namibia’s interest rate announcement

by reporter
June 16, 2025
0
What to expect from the Bank of Namibia’s interest rate announcement

The Bank of Namibia (BoN) is expected to hold its repo rate at 6.75% when it meets on 18 June, as analysts cite contained but persistent inflation, moderate...

Read moreDetails
Next Post
Namibia records decline in food, transport, recreation prices in December

Namibia records decline in food, transport, recreation prices in December

Related News

Are SDGs the best development framework for Africa?

Are SDGs the best development framework for Africa?

October 27, 2023
Namibia’s dairy industry at risk as only 3 farmers supply milk

Namibia’s dairy industry at risk as only 3 farmers supply milk

September 24, 2024
Moody’s expects SA’s inflation to hit 8% in 2022

Moody’s expects SA’s inflation to hit 8% in 2022

May 5, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.