Windhoek: The Bank of Namibia (BoN) last week concluded a series of regional engagements with African central banks aimed at strengthening technical cooperation, institutional learning and financial sector collaboration.

According to Namibia Press Agency, BoN Governor Ebson Uanguta led a technical delegation on working visits to the National Bank of Rwanda, the Bank of Uganda and the Central Bank of Kenya.

The engagements formed part of the central bank's efforts to enhance cooperation with peer African institutions as Namibia adapts to changing global economic and technological developments. During the visit to Rwanda, the BoN signed a Memorandum of Understanding (MoU) with the National Bank of Rwanda focused on economic research, financial inclusion, digital transformation, sustainable finance and capacity development. The Namibian delegation was received by National Bank of Rwanda Governor, Soraya Hakuziyaremye and Deputy Governor Nick Barigye. The delegation also held discussions on payment modernisation and digital financial infrastructure and visited the Kigali Genocide Memorial.

In Uganda, the delegation met Bank of Uganda Governor Michael Atingi-Ego and Deputy Governor, Augustus Nuwagaba to discuss Uganda's preparations for commercial oil production expected by the end of 2026. The discussions focused on monetary policy, reserve management, governance and financial stability linked to the oil and gas sector.

The regional engagements concluded in Nairobi, where the BoN signed another MoU with the Central Bank of Kenya. The agreement seeks to strengthen cooperation in banking supervision, digital transformation, research, innovation and financial stability. Speaking during the engagements, Uanguta said closer cooperation between African central banks remains important in responding to changing global economic conditions. 'Central banks today are operating in an environment shaped by rapid technological change, shifting geopolitical dynamics, climate-related risks and evolving financial systems,' he said. 'In this context, institutions cannot afford to operate in isolation,' Uanguta added. BoN said the engagements reinforced its commitment to strengthening Pan-African central banking cooperation and building technical capacity across the continent.