Namibia: Bank of Namibia Gives Treasury More Millions

THE Bank of Namibia has declared a flat N$413,7 million dividend to the state for the 2022 financial year.

This will be distributed from the N$772 million net profit which the bank earned for the year – while the rest of the funds will be channeled to the general reserve, the development reserve and the training fund reserve.

Announcing the financial performance of the central bank, governor Johannes !Gawaxab said the positive performance of the bank was on the back of higher average interest…