Monetary Policy Dialogue and Launch of Datasphere

BANK OF NAMIBIA HOLD MONETARY POLICY DIALOGUE AND LAUNCHES DATASPHERE TO ENHANCE ECONOMIC TRANSPARENCY

1. On Thursday, 14 August 2025, the Bank of Namibia hosted its 2025 Monetary Policy Dialogue under the theme “35 Years of Monetary Stewardship: Enhancing Policy Resilience in a Changing Economic Landscape.” The high-level engagement brought together policymakers, financial industry leaders, academics, and members of the public to assess Namibia’s economic outlook and policy direction while marking a landmark moment, the launch of the Data Sphere, a transformative platform designed to make Namibia’s most important economic data accessible to all.

2. Opening the proceedings, the Governor of the Bank of Namibia, Mr. Johannes !Gawaxab outlined a moderated growth outlook, with Namibia’s GDP expected to slow to 3.5 percent in 2025 from 3.7 percent in 2024, before improving to 3.9 percent in 2026. The slowdown was mainly due to weaknesses in manufacturing and slower growth in the tertiary sector. He cautioned that risks to domestic growth include diminished diamond export earnings, potential trade disruptions stemming from protectionist policies, and potential inflationary pressures arising from ongoing global conflicts.