Return to Homepage
Bank of Namibia
President Dr Hage G. Geingob launched the Welwitschia Fund, the Sovereign Wealth Fund for Namibia. The Fund is set to become one of Africa’s newest sovereign wealth funds centred on enhancing national resilience by insulating the socio-economic structure against cyclical shocks while promoting intergenerational prosperity for all Namibians through the distribution of benefits flowing from the present utilisation of the country’s natural resource endowments. The management and administration of the Fund will be delegated to the Bank of Namibia as the Fund’s primary custodian. A total of N$300 million consisting of direct seed capital from the Government and a contribution form the dividends declared by the Bank has been injected into the Welwitschia Fund.




Overview of the Sovereign Wealth Fund (Welwitschia Fund)



Speeches

12-05-2022 Statement By His Excellency Dr Hage G. Geingob, President Of The Republic Of Namibia
12-05-2022 Statement By Hon. Ipumbu Shiimi, Minister Of Finance, On The Launch Of The Welwitschia Fund
12-05-2022 Remarks on the Management of the Welwitschia Fund: Mr Johannes !Gawaxab, Governor of the Bank of Namibia


Welwitschia Fund Rules

Download Fund Rules

Congratulatory Message by the Bank of Botswana Governor


Today’s rates
Inflation rates
View Info

NCPI

CONSUMER PRICES Total (All urban areas) 12-Term % change

NCPI 7,30 Aug 2022
Interest rates
View Info

Repo rate

Repurchase rate: Rate at which the private (sector) banks borrow namibian dollars from the Bank of Namibia

Prime overdraft rate (predominant rate)

Benchmark rate at which private banks lend out to the public.

Repo 5.50
Prime 9.25
Exchange rates
View Info

NAD per US Dollar

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per British Pound

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per Euro

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per Angolan Kwanza

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

N$ / $ 17,9876 30 Sep 2022
N$ / £ 20,0256 30 Sep 2022
N$ / € 17,6551 30 Sep 2022
N$ / AOA 0,0415 30 Sep 2022

Please read our Website Disclaimer



Latest Vacancies

Loading...



Latest Tenders

There are currently no tenders being advertised.






Disclaimer

The content of this website is intended for general information only and is not intended to serve as financial, legal, professional or any other advice. Although the Bank of Namibia has taken considerable measures to ensure the accuracy and the quality of the information on this site, it does not guarantee, express or implied, the availability, correctness, completeness or the accuracy of information, nor is it responsible for any decisions taken, based on this information.


The Bank of Namibia is excluded to the extent lawfully permitted of all liability whatsoever for any loss or damage howsoever arising, which may result from, or be attributable to, directly or indirectly, the use of this website or reliance upon the contents of this website, or any other website linked to it.


This website may sometimes be linked to external websites over which the Bank of Namibia has no control and for which the Bank of Namibia assumes no responsibility and or liability.


The Bank of Namibia may make any amendments or deletions to the website without obligation to notify any person.


By accessing this website and the information contained herein, you agree to the application of Namibian law to govern all matters between you and the Bank of Namibia and to the exclusive jurisdiction of the courts of Namibia.


All rights are reserved.


Visitors who rely on the information of the Bank of Namibia website do so at their own risk.


Accessing this website is deemed to have accepted the foregoing.