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[QUOTE="Munyaradzi Mafaro, post: 71379, member: 636"]
Namibia's central bank governor, Johannes !Gawaxab, will depart from his role at the end of 2025, a year ahead of his scheduled term conclusion. The Bank of Namibia announced its impending departure without providing a reason for the early exit or naming a successor.

Appointed initially in mid-2020, !Gawaxab later received a five-year term set to end in 2026. His tenure included guiding the country's monetary policy through the COVID-19 pandemic and a phase of global economic instability. The central bank credited him with ensuring the successful redemption of a 750 million dollar Eurobond and with expanding the national sovereign wealth fund, the Welwitschia Fund.

The bank also highlighted its achievement in maintaining controlled inflation, noting an average rate of 3.6 percent for the first eight months of 2025. This figure represents a decrease from the 4.6 percent average recorded during the same period the previous year.
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