Bank of Namibia

Finance and Administration


Find out more about Finance and Administration.

Finance and Administration

The Finance and Administration Department comprises the Financial Administration, Procurement and Facilities Management, and Treasury Operations.

The main responsibilities of the Financial Administration function are to:
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Provide financial reports (monthly, quarterly and annual financial statements) to the Bank of Namibia’s stakeholders.

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Prepare the Bank of Namibia’s monthly financial statements for publication in the Government Gazette.

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Prepare and publish the annual statutory financials in line with IFRS standards and the Bank of Namibia Act, 2020 (Act No. 1 of 2020).

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Prepare and manage budgets for the Bank of Namibia, Financial Intelligence Centre (FIC) and Namibia Deposit Guarantee Authority (NDGA).

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Facilitate the annual audit of the Bank of Namibia’s financial statements by external auditors.

 Procurement & Facilities Management

The main responsibilities of the Procurement and Facilities Management function entail:

  • Supervise the procurement (including tender administration) and provision of logistics;
  • Manage assets and properties;
  • Manage facilities;
  • Supervise contractors/suppliers;
  • Manage projects; and
  • Provide cafeteria services.

 Treasury Operations

The main responsibilities of the Treasury Operations function are to:

  • Manage accounting, confirmation and settlements of the Bank of Namibia;
  • Administer Government debt;
  • Process foreign payments; and
  • Ensure the function of reconciliation.

 Departmental Management
Mr John Amakali

Deputy Director: Financial Administration Division

Mr David Kambinda

Deputy Director: Procurement and Facilities Management

Avril Muzengua

Deputy: Treasury Operations Division


For general Finance and Administration Department enquiries, contact the Director’s Office at:

Mr. Lloyd Londt - Director: Finance and Administration - Bank of Namibia
Mr. Lloyd Londt

Director: Finance and Administration

 Financial Statements

The Bank of Namibia’s accounting period extends from 1 January to 31 December, as per the calendar year. In line with the requirements of the Bank of Namibia Act, 2020 (Act No. 1 of 2020), statements of assets and liabilities are prepared monthly. These statements are submitted to the Minister of Finance and shared through publication in the Government Gazette for the purpose of statutory reporting. The Bank’s annual financial statements are published by 31 March each year and prepared in accordance with the International Financial Reporting Standards (IFRS) and as per the requirements of the Bank of Namibia Act, 2020 (Act No. 1 of 2020).


As per its policy of transparency, fairness, justice and good governance, the Bank of Namibia pursues the acquisition of the right product from the right supplier at the right price. As such, the Bank also promotes and encourages Black Economic Empowerment suppliers of goods and/or services, and, in some instances, the Tender Committee may employ slightly different criteria for tenders submitted by previously disadvantaged Namibians.


Contact information for Tender enquiries can be addresses to the Secretary of the Tender Committee:

Tenders enquiries can also be delivered by hand or posted to the Secretary of the Tenders Committee at:

     Bank of Namibia, 71 Robert Mugabe Avenue | P.O. Box 2882, Windhoek

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