Bank of Namibia Champions Balanced Regulation for a Modern Economy. The Bank of Namibia hosted a high-level Regulators Roundtable Engagement yesterday under the theme “Smart Regulation for a Dynamic and New Economy.” The event brought together regulatory institutions, policymakers, and industry leaders to discuss how Namibia can craft a regulatory framework that supports innovation, economic growth, and consumer protection in an evolving economic landscape.
In his keynote address, Governor Johannes !Gawaxab emphasized the importance of building a regulatory ecosystem that not only ensures financial stability but also encourages competitiveness, attracts investment, and reduces unnecessary compliance burdens for businesses.
He cautioned against overregulation, noting that excessive controls may unintentionally hinder innovation, deter investment, and drive economic activity into the informal sector. Instead, he advocated for a smart and adaptive regulatory environment that empowers businesses to operate effectively, while maintaining safeguards that protect consumers and uphold market integrity.
The roundtable served as a platform for open dialogue among key regulatory authorities and stakeholders, exploring how Namibia can modernize its approach to economic governance. Attendees discussed collaborative efforts to promote fairness, reduce inefficiencies, and embrace digital transformation without compromising regulatory objectives.
This engagement forms part of the Bank of Namibia’s broader strategy to foster an enabling environment that aligns with global best practices while responding to the specific needs of the local economy.
