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Created: 2025-07-28 15:21:24 UTC

Namibia unveils financial sector plan to address inequality and consumer vulnerability

Namibia has launched a comprehensive 10-year strategy aimed at transforming its financial sector to tackle persistent challenges such as inequality, limited access to finance, youth unemployment and consumer vulnerability.

The Namibia Financial Sector Transformation Strategy 2025–2035, officially launched on Monday by the Bank of Namibia in partnership with the Ministry of Finance and NAMFISA, sets out a national roadmap to build a more modern, inclusive and digitally driven financial system.

“This is not a policy exercise; it is a national imperative,” said Michael Humavindu, Executive Director in the Ministry of Finance. “When Cabinet approved this strategy in June 2025, it was more than an administrative act, it was a declaration of resolve.”

#namibia #financialsector #financialinclusion #youthunemployment #consumers #financialaccess @BankofNamibia @namfisa

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**Related Topics**
[finance](/topic/finance)
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