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Bank of Namibia

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Find out more about Bank of Namibia Launches new Strategic Plan.

Bank of Namibia Launches new Strategic Plan
11 December 2024 | Media Release
 

The Bank of Namibia has unveiled its 2025-2027 Strategic Plan, signalling a bold and transformative vision for the future of central banking. This new strategy aims to support Namibia’s financial sector with the best global practices and intends to leverage emerging technologies to foster inclusivity, sustainability, and economic prosperity.

The newly launched strategic plan reflects a carefully crafted game plan aimed at addressing the challenges and opportunities of a rapidly evolving global financial system. The Bank will focus on three key priorities: building a smart central bank through the adoption of advanced digital tools, fostering an inclusive and resilient financial system supported by modern regulatory frameworks, and laying the foundation for a diversified economy driven by emerging industries. These initiatives are designed to ensure macroeconomic stability while creating a financial ecosystem that is not only inclusive but also globally competitive.

At the heart of this strategy lies a commitment to further the digital transformation agenda. The Bank recognises the power of technology to revolutionise operations, enhance efficiency, and expand access to financial services for all Namibians. Over the next three years, the Bank will embed cutting-edge technologies such as Artificial Intelligence (AI) and machine learning into its processes and the broader financial sector. These advancements will drive smarter decision-making, streamline operations, and position Namibia at the forefront of global financial innovation.

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