Joint Media Release Bank of Namibia and Ministry of Mines and Energy Forge Strategic Partnership

21 December 2023 | Media Release
 

BANK OF NAMIBIA AND MINISTRY OF MINES AND ENERGY FORGE STRATEGIC PARTNERSHIP ON EMERGING SECTORS WITH MEMORANDUM OF UNDERSTANDING 

1. The Bank of Namibia and the Ministry of Mines and Energy have formalised their commitment to advancing the national economic agenda in the emerging industries in the mining and energy sector, through the signing of a Memorandum of Understanding (MOU). The agreement came as a culmination of recent constructive dialogues between the two institutions, solidifying their dedication to fostering collaboration and partnership. 

2. Endorsed by Mr. Johannes !Gawaxab, the Governor of the Bank of Namibia, and Honourable Tom Alweendo, the Minister of Mines and Energy, the MOU aims to establish a framework for collaboration between the two institutions in areas related to energy, oil and gas critical raw minerals as well as mineral resources management. This cooperation will promote collaboration in activities related to policy development, capacity building, information sharing and research, amongst others.