Namibia's financial system remains stable, with positive economic prospect: central bank

WINDHOEK, March 31 (Xinhua) -- Namibia's financial system remains stable with strong liquidity levels and adequate capital buffers, the Bank of Namibia said on Monday.

Speaking at the launch of the central bank's 2024 annual report, Governor Johannes Gawaxab said the banking sector has maintained solid capital buffers and improved asset quality, while the non-banking sector also expanded, buoyed by strong investment returns and stable demand.