Namibia : Bank of Namibia and SARB strengthen cross-border financial cooperation

The Bank of Namibia and the South African Reserve Bank have signed a revised cooperation agreement in Pretoria. Signed by governors Ebson Uanguta and Lesetja Kganyago, the framework replaces the 11 September 2015 agreement and aims to strengthen supervision of financial institutions operating across both jurisdictions, enhance regulatory coordination and improve crisis preparedness. According to the Bank of Namibia, the arrangement reflects the strong interlinkages between the two countries’ financial systems and is expected to reinforce regional financial stability amid increasing digital transformation and emerging financial risks.