Africa-Press – Namibia. THE Bank of Namibia, during the 2025 financial year, despite volatility and uncertainty in global politics, continued to impress, exceeding targets set in the business plan.
The Bank recorded an operating profit of N$569 million in 2025 and an amount available for distribution of N$553 million, which outperformed the planned targets.
This was revealed by Ebson Uanguta, the central bank’s governor, who explained that the decline in global inflation, the weakening of the US dollar, the redemption of the Eurobond, and the Bank’s continued fulfilment of its mandate, namely currency issuance, reserve management, and the advancement of financial inclusion, collectively contributed to a reduction in the Bank’s operating profit for the 2025 financial year.
“As a result, profits designated for distribution fell by 50%, from N$1.107 billion in 2024 to N$553 million in 2025. Consequently, the Bank will distribute a dividend of N$200 million to the Government for the 2025 financial year,” Uanguta said.
This is a lower dividend compared to the N$750 million declared to government in 2024.
He added that the value of the Bank’s total assets declined in 2025 compared to 2024.
Total assets declined by 13%, year on year, decreasing from N$71 billion in 2024 to N$62 billion in 2025. This reduction is largely attributable to the redemption of Eurobonds and the strengthening of the Namibian dollar against the US dollar.
Uanguta said that as Namibia moves into 2026 and beyond, there are three critical elements the Bank will incorporate to support it in carrying out its mandate, which he said include building a knowledge-based institution by implementing and fostering robust knowledge-sharing and collaborative tools across internal and external stakeholders to shape policy discussion and support national priorities.
Uanguta said that the central bank will also focus on strengthening capacity-building efforts and fostering new partnerships with strategic central banks for secondment and exchange programmes, and focus on aligning the central bank with the new emerging economy.
“The Bank’s Culture Statement will remain squarely aligned not only with its own values, but also with the ethical standards expected of central bankers worldwide. Therefore, when I assumed the responsibility of Governor of the Bank of Namibia, entrusted to me by HE Dr Netumbo Nandi-Ndaitwah, President of the Republic of Namibia, I did so fully conscious that leadership of a central bank is exercised in the service of intergenerational prosperity. I committed myself to safeguarding the credibility painstakingly built over three-and-a-half decades while preparing the institution for a more complex economic future,” Uanguta said.
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