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The Bank of Namibia (BoN) is the central bank of Namibia responsible for performing all other functions ordinarily performed by a central bank. There are five BoN authorised commercial banks in Namibia: Bank Windhoek, First National Bank, Nedbank, Standard Bank and Small and Medium Enterprises Bank.
Crédit Du Senegal (CDS), Attijariwafa Bank Group. Crédit International (CI), Crédit Libanais Group. Ecobank. First Bank of Nigeria (FBN) La Banque Outarde (LBO) NSIA Bank, previously known as Diamond Bank. Orabank, part of Oragroup [85] Société Générale de Banques au Senegal (SGBS), Société Générale Group.
Anne Juuko (born c. 1981), is a Ugandan investment banker and corporate executive, who was appointed by Standard Bank Group as the Regional Head of Global Markets in the group's Eastern African region, covering South Sudan, the Democratic Republic of the Congo, Uganda, Kenya, Tanzania, Malawi and Zambia. Her appointment took effect on 1 April 2024.
44,916 (2017) Website. www .firstrand .co .za. FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator. [2]
The Bank of Namibia has recently issued in limited quantity, the N$10 and N$20 notes on paper with improved quality and shifted the placement of the diamond-shaped optically variable ink feature. [4] On 21 March 2020, the Bank of Namibia unveiled a new 30 dollar polymer note to commemorate the 30th anniversary of independence.
The cost of living in Namibia is higher than some other regional cities in the southern region of the African continent. [1] [2] [3] Namibia imports about 50% of its cereal requirements. Many other items used in daily life also need to be imported. High transportation costs make prices very high and unaffordable.
Namibia is a higher-middle-income country with an annual GDP per capita of N$79,431 in 2022, but has extreme inequalities in income distribution and standard of living. [10] It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. [11] Only South Africa has a higher Gini coefficient. [12]
Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa.