WINDHOEK, Nov 19 (Reuters) – Namibia’s central bank said on Wednesday that its governor, Johannes !Gawaxab, would leave his position at the end of 2025, a year before his term was due to end.<\/p>\n
!Gawaxab was first appointed in June 2020 for 18 months after his predecessor was named finance minister. He was later appointed for a five-year term to the end of 2026.<\/p>\n
Sign up here.<\/a><\/p>\n The central bank did not say why !Gawaxab was leaving his post or what he would do next. It did not name a successor.<\/p>\n !Gawaxab steered the Southern African country’s central bank through the COVID-19 pandemic and a period of global economic volatility.<\/p>\n In a statement, the central bank highlighted his role in ensuring Namibia redeemed a $750 million Eurobond in October this year and in growing the Welwitschia Fund, the country’s sovereign wealth fund.<\/p>\n It also stressed his success keeping inflation well-contained, saying it averaged 3.6% in the first eight months of 2025, down from 4.6% over the same period last year.<\/p>\n ($1 = 17.1628 Namibian dollars)<\/p>\n Reporting by Nyasha Nyaungwa; Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n
\nWriting by Sfundo Parakozov;
\nEditing by Alexander Winning<\/p>\n