The Governor of the Bank of Namibia, Mr. Johannes !Gawaxab, delivered a public lecture at the Namibia University of Science and Technology (NUST) in Eenhana, Ohangwena region. The lecture, under the theme "Unlocking Opportunities for Rural and Informal Sector Development through Financial Inclusion," highlighted the critical role of financial inclusion in transforming Namibia's rural economy.

During the lecture, the Governor emphasized the importance of providing individuals and businesses with access to formal financial services, such as savings accounts, credit, and insurance. He highlighted numerous studies that demonstrate the positive impact of financial inclusion on food security, health outcomes, and educational attainment, underscoring its potential to transform lives and build a more prosperous future for all Namibians.

The Governor delved further into the microeconomic benefits of financial inclusion, explaining how access to credit and savings accounts can empower individuals and small businesses to invest in productive activities, generate income, and create jobs. He also noted the role of insurance products in mitigating financial risks and preventing people from falling back into poverty due to unexpected shocks. Shifting focus to the macroeconomic level, the Governor noted that financial inclusion contributes to economic. 

Following the lecture, the Governor held a stakeholder engagement with industry representatives from the region. The discussion focused on unpacking the Bank's mandate, recent domestic, regional, and global economic outlook, as well as updates on the SME Economic Recovery Loan Scheme and the Bank's digitisation agenda. This engagement underscored the Bank's commitment to transparency and collaboration with local stakeholders to drive economic development.