{"id":39954,"date":"2023-02-21T18:07:34","date_gmt":"2023-02-21T18:07:34","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration"},"modified":"2023-02-21T18:18:14","modified_gmt":"2023-02-21T18:18:14","slug":"namibia-angola-central-banks-formalise-collaboration","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration","title":{"rendered":"Namibia, Angola central banks formalise collaboration"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) recently signed an agreement to formalise technical collaboration and partnership between the two institutions.<\/p>\n

The agreement has been hailed by the Governor of the Bank of Namibia Johannes !Gawaxab, and his counterpart Jose de Lima Massano, as a landmark agreement that will not only facilitate sustained cooperation between the two institutions but deepen the historic ties and bonds between the two states.<\/p>\n

Under the rubric of the excellent bilateral cooperation between the two neighbouring countries, the two central banks have prioritised trade facilitation through payment system integration enabled by digital capabilities as a means of realising the efficient movement of goods and services between the two countries.<\/p>\n

In this regard, the institutions have agreed to focus on effective utilisation of the existing regional cross-border payment systems as well as exploring retail payment options such as prepaid cards for the payment of goods and services. Other solutions being explored are trade related guarantees between the banking institutions of the two countries.<\/p>\n

\u201cAnother strategic focus area of the partnership is the elimination of revenue leakages for the respective countries by providing timely and accurate data and empirical evidence in terms of misaligned trade data to the detriment of revenue mobilisation. The collaboration will involve the sharing of data and research into trade and related financial transactions for mitigation efforts. Furthermore, sharing of knowledge on financial inclusion initiatives will be prioritised to ensure that the peoples of both countries have access to quality, affordable and a broad spectrum set of financial services,\u201d read a statement from BoN spokesperson Kazembire Zemburuka.<\/p>\n

Although both countries acknowledged that the defunct currency conversion agreement which previously allowed the exchange of currencies at the border towns was beneficial, the two central banks have ruled out the activation of this conversion agreement at present as more convenient and cost-effective methods to facilitate trade are being prioritised.<\/p>\n

Meanwhile, a technical committee has been formed with institutional arrangements in place to ensure the agreement is fully executed. The agreement also establishes a bilateral forum for the exchange of technical knowledge and mutual cooperation in cognate central banking functions, which will greatly benefit the two central banks in carrying out their respective mandates.<\/p>\n

Said !Gawaxab: \u201cWe are making concerted efforts to improve the smooth integration of our payment infrastructure for the benefit of our businesspeople, traders, and citizens. We have no illusions that this will be an easy task but given the lofty expectations of our two governments and the demands of our business community, we must deliver on all fronts. In doing so, we will meet our people\u2019s aspirations and build the Africa we want. We are hopeful that our ties and bonds as a people who share so much more than a border will be strengthened and deepened.\u201d<\/p>\n

Outside of the technical discussions,!Gawaxab and his delegation paid a courtesy call to Patrick Nandago, Namibia\u2019s ambassador to Angola, to brief him on the outcome of the discussions.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) recently signed an agreement to formalise technical collaboration and partnership between the two institutions. The agreement has been hailed by the Governor of the Bank of Namibia Johannes !Gawaxab, and his counterpart Jose de […]<\/p>\n","protected":false},"author":84,"featured_media":39953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,249],"tags":[234,236,233],"class_list":["post-39954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamibia, Angola central banks formalise collaboration - Namibia<\/title>\n<meta name=\"description\" content=\"Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia, Angola central banks formalise collaboration\" \/>\n<meta property=\"og:description\" content=\"Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-21T18:07:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-21T18:18:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1676990270.37.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"491\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia, Angola central banks formalise collaboration\",\"datePublished\":\"2023-02-21T18:07:34+00:00\",\"dateModified\":\"2023-02-21T18:18:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration\"},\"wordCount\":525,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1676990270.37.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-angola-central-banks-formalise-collaboration\",\"name\":\"Namibia, Angola central banks formalise collaboration - 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