{"id":23578,"date":"2022-06-28T14:28:06","date_gmt":"2022-06-28T14:28:06","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-of-namibia-moves-to-strengthen-ties-with-other-african-central-banks"},"modified":"2022-06-28T14:36:33","modified_gmt":"2022-06-28T14:36:33","slug":"bank-of-namibia-moves-to-strengthen-ties-with-other-african-central-banks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-of-namibia-moves-to-strengthen-ties-with-other-african-central-banks","title":{"rendered":"Bank of Namibia moves to strengthen ties with other African central banks"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>Namibia\u2019s central bank, the Bank of Namibia (BoN) has moved to strengthen collaboration and seek mutually beneficial relationships among African central banks.<\/p>\n<p>Johannes Gawaxab, Namibia\u2019s central bank governor, recently visited Ernest Addison, the governor of the Bank of Ghana, and Moses Dinekere Pelaelo, the governor of the Bank of Botswana, to strengthen ties, BoN spokesperson Kazembire Zemburuka said Tuesday.<\/p>\n<p>\u201cThe courtesy visits extended collaboration efforts while discussing key price and financial stability issues and economic developments such as inflationary challenges in African economies because of the Russia-Ukraine conflict, potential recession in advanced economies, and supply chain disruptions, and the responses to date based on each country\u2019s peculiar circumstances,\u201d Zemburuka added.<\/p>\n<p>According to Zemburuka, the discussions also aimed to compare notes on the digital transformation of respective institutions, digital currencies, fintech, and financial inclusion, among other emerging central banking topics.<\/p>\n<p>\u201cWhile pursuing collaboration on relevant projects to aid cooperation on these and other topics, the importance of learning from one another through benchmarking was emphasized,\u201d he added.<\/p>\n<p>Gawaxab emphasized the significance of formalizing cooperation with the Bank of Ghana in the spirit of the two countries\u2019 excellent relations and the two central banks are set to sign a Memorandum of Understanding on mutually agreed-upon topics to formalize the cooperation.<\/p>\n<p>The Bank of Botswana also presented operations of the central bank and shared relevant information on the Pula Fund, Botswana\u2019s highly impactful sovereign wealth fund.<\/p>\n<p>\u201cGawaxab narrated Namibia\u2019s own experience with the launch of the Welwitschia Fund and noted that the two countries could learn a great deal from one another in furtherance of their respective mandates and the shared prosperity of their people,\u201d Zemburuka said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Namibia\u2019s central bank, the Bank of Namibia (BoN) has moved to strengthen collaboration and seek mutually beneficial relationships among African central banks. Johannes Gawaxab, Namibia\u2019s central bank governor, recently visited Ernest Addison, the governor of the Bank of Ghana, and Moses Dinekere Pelaelo, the governor of the Bank of Botswana, to strengthen [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":23577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[234,236,233],"class_list":["post-23578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank of Namibia moves to strengthen ties with other African central banks - Namibia<\/title>\n<meta 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