Mr Phillip Ndjendja Branch Manager: Oshakati

Oshakati was chosen because it was seen as an ideal town where the Branch could be established since it was regarded as the main town in the northern region, where the majority of the Namibia population lives. It was also seen that the town proximity to Angola was of a strategic nature, particularly since it is used as a gateway for trade through the Oshikango border. Above all, the northern part of the country is regarded as the biggest cash trading area in the country because of the high volumes of the national currency in circulation. It therefore made business sense to establish the Branch in the region having the largest quantity of notes in circulation to ensure that the approved standard of notes in circulation is maintained.

This branch was established to provide effective and efficient Central Banking services to the Commercial Banks branches, Government departments operating in the north and the general public.

Since its establishment, the Branch has brought the Bank of Namibia closer to its stakeholders in the region as a result of the services the Branch is offering to the branches of Commercial banks and government ministries operating in the region.

The Branch is entrusted with the task of ensuring that proper quality of notes are in circulation in the northern regions as well as to ensure the availability of sufficient currency stocks in the north through the branches of the commercial banks established in the northern regions.

To provide information to the general public on the functions of the Bank of Namibia and in particular information pertaining to the issuer of government securities and how the tender process in respect of securities, works.

To promote a positive image of the Bank of Namibia through forging a closer working relationships and continuous interaction with stakeholders for the purpose of better understanding of each others requirements.

To play a wider role than just providing banking services to our customers by assisting other departments within the Bank to obtain relevant information from the northern regions that they may require in the execution of their functions.

In attaining the above goals the Branch is contributing towards the achievement of the Bank of Namibia’s ultimate vision of becoming a “Center of Excellence”.