Kazembire Zemburuka – Windhoek Observer

10 Mar

Effects of the Ukraine invasion still felt in Namibia

ObserverNational NewsEffects of the Ukraine invasion still felt in Namibia, Kazembire Zemburuka

Steve Nashama In a latest Economic Outlook update for March 2023, released by the Bank of Namibia, the bank said Namibia’s domestic economy is projected to grow by 3.0 per cent in 2023 and by 2.9 per cent in 2024.Kazembire Zemburuka, the Director of Strategic Communications and International Relations at the Bank of Namibia, made the announcement this on Wednesday. He explained that the real Gross Domestic Product growth is estimated to have increased to 4.2 per cent in 2022 but is projected to slow down to 3.0 per cent this year.The estimated growth for 2022 has been revised upwards…

02 Mar

SA greylisting not affecting Namibia: BoN

ObserverMainFinancial Action Task Force (FATF), Kazembire Zemburuka, SA greylisting not affecting Namibia: BoN

Martin Endjala The Bank of Namibia has clarified its position amidst reports of South Africa’s greylisting by the Financial Action Task Force (FATF) stating that Namibia’s financial transactions with the rest of the world and capital flows to and from the jurisdiction will continue uninterrupted. This is despite the country’s ties and exposure to the South African financial system. The Bank of Namibia Director Strategic Communications and International Relations, Kazembire Zemburuka, confirmed this in a statement in response to concerns raised by some economists and Namibians at large. He said that as an independent and sovereign state, Namibia is going…

10 Aug

Central bank to provide FinTech guidance

ObserverObserver MoneyCentral bank to provide FinTech guidance, Director of Strategic Communications and International Relations, Kazembire Zemburuka

Chamwe Kaira The Bank of Namibia has come up with a regulatory framework to provide guidance on how the bank will treat financial technology (FinTech) innovations that are not covered under the bank’s existing regulations. “The regulatory framework provides a step-by-step analytical framework to identify whether an innovation qualifies as a FinTech innovation followed by a phased approach to understand, evaluate and test the innovation before the regulatory outcome on the innovation can be determined,” says Kazembire Zemburuka, Director of Strategic Communications and International Relations. The Fintech Africa Summit held in March concluded that the impact of financial technology (FinTech)…

28 Mar

Central bank launches 24-hour whistle blower hotline

ObserverUncategorisedCentral bank launches 24-hour whistle blower hotline, Kazembire Zemburuka

Tujoromajo Kasuto The Bank of Namibia (BON) has officially launched its own whistle-blower hotline, through which suspected misconduct by Bank officials can be reported using an independent, anonymous and secure whistle blower service. The bank’s Acting Director of Strategic Communications Kazembire Zemburuka says that it is committed to the principle of accountability and to develop a work culture in which employees, contractors, suppliers, consultants, and the general public are encouraged to disclose information about improper conduct and/or any violation of the bank’s Code of Ethics and Code of Conduct, as well as relevant laws, policies, and procedures involving staff members…

20 Jan

BON payment system records milestone N$ 1 trillion settlements

ObserverObserver Money(BON) Namibia Interbank Settlement System (NISS), Kazembire Zemburuka, the high volumes of the new domestic EFT system streams (NAMPAY)

Tujoromajo Kasuto THE Bank of Namibia’s (BON) Namibia Interbank Settlement System (NISS) has, for the first time since its inception in 2002, recorded a settlement value of N$ 1 trillion during 2021 due to high volumes. The hallmark milestone celebrates Namibia’s secure, reliable, and modern payment system. BON’s Acting Director of Strategic Communications, Kazembire Zemburuka, states that the NISS is a Real-Time Gross Settlement System (RTGS) that processes and settles time-critical payments. The highest settlement values recorded to date can be ascribed to the high volumes of the new domestic EFT system streams (NAMPAY), the utilisation of the lending facilities,…

15 May

Commemorative banknote to start circulating

ObserverUncategorisedBank of Namibia, Independence Day, Kazembire Zemburuka

Staff Writer The N$30 commemorative banknote launched on Independence Day by the Bank of Namibia shall be available to the public as from Friday, 15 May 2020, the apex bank has announced. “ The public is also hereby informed that the N$30 commemorative banknote will only be issued at the tills, inside all commercial bank’s branches and not at the Automatic Teller Machines (ATMs),” BoN Deputy Director: Corporate Communications, Kazembire Zemburuka said. “To obtain the N$30 commemorative banknote from commercial banks, one will have to exchange an equivalent amount of the current family of banknotes or coins, for the banknote.”…