FNB Namibia and RMB Namibia have launched an Exchange Control (ExCon) Scenarios Booklet aimed at improving regulatory clarity and supporting cross-border business activity, as Namibia’s energy sector attracts growing international investment.
The booklet was unveiled at the Namibia International Energy Conference (NIEC) 2026 and was developed in collaboration with the Bank of Namibia and other stakeholders. It provides practical guidance on exchange control requirements, covering common transactions such as salary payments to foreign nationals, payments involving foreign companies, and operational considerations for investors entering the Namibian market.
FNB Namibia’s Group Head of Oil and Gas Strategy, Angelique Peake, said the initiative is intended to reduce uncertainty for businesses and investors.
“The ExCon Scenarios Booklet is designed to provide certainty and confidence to businesses and investors operating in Namibia. By translating exchange control regulations into practical, real-world scenarios, we help remove uncertainty and enable sustainable economic and sector growth,” she said.
Peake said the strong turnout at this year’s conference reflected continued momentum in Namibia’s oil and gas sector, particularly in the Walvis Bay and Lüderitz basins.
“With further exploration wells announced and continued activity both offshore and onshore, it is clear that industry momentum remains strong and that activity in Namibia will continue,” she said.
She added that the official opening of the conference by President Netumbo Nandi-Ndaitwah signalled government commitment to the sector.
“It was an excellent conference that demonstrated real momentum, and now the focus must be on sustaining and building on that momentum,” Peake said.
RMB Namibia Coverage Manager for Oil and Gas and Energy, Olavi Hangula, said the booklet responds to the increasing complexity of cross-border transactions as foreign participation in the sector grows.
“As international participation in Namibia’s energy sector continues to grow, aligned understanding of exchange control processes is critical. This booklet serves as a valuable reference to help businesses transact confidently and compliantly,” he said.
FNB Namibia Growth and Energy Sector Strategist, Carly van der Merwe, said the inclusion of guidance for incoming investors was particularly important.
“Incoming investment plays a vital role in economic growth. Clear, accessible exchange control guidance empowers investors to enter the Namibian market with confidence and supports the country’s long-term development objectives,” she said.
FNB and RMB Namibia said the booklet will be distributed to clients and stakeholders through their relationship teams, as part of broader efforts to align financial solutions with regulatory requirements and the evolving needs of the economy.
