The Bank of Namibia (BoN) recently concluded a visit to the Central Bank of Kenya (CBK), in its ongoing pursuit of digital transformation for the central bank and modernisation of the financial sector to achieve higher levels of financial inclusion. The visit aimed to enhance the Bank’s capacity to effectively manage financial risks emanating from new forms of money and promote financial inclusion in Namibia through digital financial services. According to a statement, the BoN has been actively seeking strategic partnerships to facilitate these pursuits with leading central banks on the African continent and beyond. During the visit, the delegation from BoN had the opportunity to learn from successful initiatives undertaken by the CBK in financial sector transformation and deepening. The engagement also allowed the two central banks to deliberate on emerging technologies, such as Central Bank Digital Currencies (CBDCs), stablecoins, and other virtual assets. “Kenya is well known for its financial services democratisation agenda, and through its digital innovations, it has achieved a financial inclusion rate of 84%, higher than Namibia’s financial inclusion rate of 78%. They have managed to do so by providing an enabling environment that has unleashed the entrepreneurial talent and ingenuity of the Kenyan […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
