
The Bank of Namibia has announced several senior leadership promotions, appointments, and re-designations to strengthen its institutional capacity. Moudi Hangula has been appointed director of legal, governance, risk, and compliance, bringing experience from her previous roles as branch manager and principal analyst. Anthea Angermund is the new director of financial markets, with nearly 15 years of experience in stockbroking, private equity, and asset management. Helvi Fillipus has been named economic adviser in the governor’s office, having worked in research and financial markets departments and serving on the bank’s monetary policy committee. Petrus Shifotoka has been seconded as head of the Namibia Deposit Guarantee Authority, with 15 years of experience in research, financial sector development, and macroprudential surveillance. Additionally, Ancois Plaatje has been re-designated as director of financial stability and macroprudential oversight, and Magreth Tjongarero as director of banking supervision. Both Plaatje and Tjongarero have 24 years of experience in their respective fields.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by The Namibian.
Must ReadThe Bank of Namibia BoN governor, Ebson Uanguta, has warned that Namibia’s public debt could escalate to 70% of gross domestic product GDP by the end of the current financial year if the government fails to implement spending reforms. The country's debt currently stands at 65.2% of GDP, already exceeding the 60% benchmark. Uanguta emphasized that the government can no longer rely on borrowing to fund expenditure and cautioned against borrowing based on future oil revenues. This warning follows Fitch Ratings' projection that Namibia’s government debt would rise to 66% of GDP by the 2026 financial year, with interest payments consuming 18% of government revenue. Prime minister Elijah Ngurare called for stricter spending controls across the government, aiming to reduce the fiscal deficit from 5.5% of GDP this financial year to 3.3% by 2028/29. He stated that the government needs to save approximately N$2.3 billion annually through tighter spending controls and expenditure restraint. Ngurare also announced the introduction of outcome-based budgeting in eight ministries from the second quarter of this year to measure government performance based on results rather than spending levels. He further stressed the importance of investing in job-creating projects, improving service delivery, and encouraging private sector investment, while also calling for reforms in procurement systems, public enterprises, public service operations, and digital government services. Ngurare warned minist
Education directors are calling for the N$10 school admission application fee to be optional, citing concerns that some parents may struggle to afford it. This comes despite the Ministry of Education, Innovation, Youth, Sport, Arts, and Culture allowing schools to charge up to N$10 for administrative costs related to admission forms for the 2027 school year. Kunene education director Sophia Fredericks stated that the fee should be optional, especially for parents with multiple children, and emphasized that paying the fee does not guarantee admission. Hardap education director Paul Lewin stressed that children should not be denied education due to the N$10 fee and that parents unable to pay should still be allowed to apply. Khomas regional education director Paulus Nghikembua urged the public to report schools charging more than the approved amount. While some schools in Windhoek, such as Windhoek High School, Immanuel Shifidi Secondary School, and Eros Primary School, are charging within the N$10 limit, some private schools are reportedly charging N$100 for an application. The ministry's executive director Erastus Haitengela advised reporting schools charging excessive fees to circuit inspectors or regional directors.

Lot Ndamanomhata, the newly appointed chairperson of the National Arts Council of Namibia, plans to increase the creative sector's economic contribution to the country from 1.5% to 3% of the national GDP under the sixth National Development Plan. He noted that Namibia's creative landscape is transitioning from uncoordinated operations to a more structured ecosystem. Between 2022 and 2024, 327 local film productions generated an average of N$122.5 million in spending and created over 2,400 jobs. Ndamanomhata acknowledged that policy, infrastructure, and financial deficits restrict the industry's capacity, with funding being the most pressing issue as many creative projects are self-financed due to artists' inability to meet credit requirements. The state's direct financial support is low, with a 2026/27 national budget allocation of approximately N$6.1 million for over 130,000 active creators. Namibian artists also face global digital hurdles, including exclusion from YouTube monetization and inactive PayPal payout functions. Ndamanomhata also highlighted the challenge of local art often only being celebrated after international validation. The new board is shifting its grant distribution strategy to enforce geographic inclusivity, aiming to reach all 121 constituencies. The council is currently running its second funding call for the 2026/27 cycle, with a deadline of July 3. Ndamanomhata called for immediate private sector intervention, stating that the national budget alone