Bank of Namibia and SARB Collaborate on Cross-Border Financial Stability with New MoU
The updated MoU reflects the evolving financial sector landscape in both countries, incorporating strengthened supervisory mandates, enhanced resolution frameworks, and measures to address the increasing complexity of cross-border financial institutions operating between Namibia and South Africa.
The Governor of the Bank of Namibia (BoN), Ebson Uanguta, and the Governor of the South African Reserve Bank (SARB) , Lesetja Kganyago, have signed a revised Memorandum of Understanding (MoU) in Pretoria, South Africa. The agreement was formalized during Governor Uanguta’s courtesy visit to SARB and marks a significant step in deepening collaboration between the two central banks.
The updated MoU reflects the evolving financial sector landscape in both countries, incorporating strengthened supervisory mandates, enhanced resolution frameworks, and measures to address the increasing complexity of cross-border financial institutions operating between Namibia and South Africa. It acknowledges the interconnected nature of the two nations’ financial markets and economies.
Governor Uanguta highlighted that the revised agreement underscores the longstanding and constructive relationship between the BoN and SARB, rooted in shared history, regional integration, and a mutual commitment to maintaining monetary and financial stability.
