Bank of Namibia Welcomes New FSCAB Members as Transformation Strategy Advances

Bank of Namibia Welcomes New FSCAB Members as Transformation Strategy Advances. The Bank of Namibia hosted the Financial Sector Council Advisory Body (FSCAB) Induction Breakfast on 26 February 2026, formally welcoming new members and reaffirming the commitment of existing ones. The event comes as the Namibia Financial Sector Transformation Strategy (NFSTS) 2025–2035 enters full implementation following Cabinet approval in July 2025

.The session opened with remarks from the FSCAB Chairperson and Governor of the Bank, who reflected on the Advisory Body’s establishment in 2011 after Cabinet endorsed the first Financial Sector Strategy. He emphasized the importance of sustained collaboration between regulators, industry, and policymakers as Namibia’s financial sector embarks on a new phase of transformation.

The Secretariat provided a high-level overview of the NFSTS, outlining its focus areas and implementation roadmap. The strategy aims to strengthen inclusivity, resilience, and innovation within Namibia’s financial system, ensuring alignment with broader national development goals.

The breakfast concluded with an open and constructive discussion among members, reaffirming FSCAB’s role as a trusted platform for dialogue and coordination. Participants highlighted the importance of maintaining momentum as the strategy moves from planning to execution, with emphasis on building a financial sector that supports sustainable economic growth.

The induction event underscored the Advisory Body’s commitment to guiding Namibia’s financial transformation agenda, ensuring that new and existing members work together to deliver on the objectives of the NFSTS over the next decade.