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FINANCIAL EDUCATION IN NAMIBIA A NATIONAL IMPERATIVE

Financial education stands at the crossroads of personal empowerment and societal resilience, yet its implementation remains fragmented across educational systems, institutions, and communities in Namibia. Beyond mere budgeting skills, financial education is a linchpin for economic stability and individual well-being in our increasingly complex world. Despite its pivotal role, glaring disparities persist, leaving many ill-prepared to navigate the financial landscapes of adulthood.

The Bank of Namibia recently carried out a Public Awareness and Perception Survey, which underscores this reality. The survey revealed that although awareness of the Bank of Namibia is high, there is a significant lack of public knowledge about financial matters. This article delves into these critical gaps, explores innovative approaches to bridge them, and underscores the transformative potential of a holistic approach to financial literacy.

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24/01/2024 | Suzette Apollus

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NURTURING PROSPERITY THE CRUCIAL ROLE OF SUSTAINABILITY IN NAMIBIA'S FINANCIAL SYSTEM

As the world grapples with the challenges posed by climate change and environmental degradation, the integration of sustainability into all aspects of society has become imperative. In Namibia, a country with unique ecological and economic considerations, the importance of sustainability in the financial system cannot be overstated.

Namibia is renowned for its rich biodiversity, pristine landscapes, and unique ecosystems. A sustainable financial system places great emphasis on investments that prioritize environmental conservation and ecosystem preservation. By channeling funds into eco-friendly projects, renewable energy initiatives, and sustainable agriculture, the financial sector contributes to the preservation of Namibia's natural heritage for future generations.

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24/01/2024 | Naufiku Hamunime

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STEERING CLEAR OF SCAMS SAFEGUARDING YOUR INVESTMENTS FROM ILLEGAL SCHEMES

In the intricate world of financial opportunities, illegal financial schemes present significant dangers to unsuspecting investors. These schemes exploit vulnerable members of society, preying on naivety or the desire for quick wealth by promising high returns with little apparent risk. This article explores the murky operations of illegal financial activities, detailing their mechanisms, impacts, and protective strategies for investors.

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24/01/2024 | Sandra Garises

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Understanding Exchange Rate Misalignment In Smaller African Economies: What It Means And Why It Matters

Have you ever wondered how exchange rates impact the economies of smaller countries like Eswatini, Lesotho, and Namibia? These countries are part of the Common Monetary Area (CMA), which ties their currencies to the South African Rand. While this arrangement offers some stability, it also comes with challenges, especially when it comes to their real effective exchange rate (REER).

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24/01/2024 | Mukela Mabakeng

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BEYOND THE GLASS CEILING

Female representation and mentorship in the workplace are critical drivers of building strong, innovative and resilient teams. This holds particularly true in industries that have historically been  dominated, such as the financial services . The increasing presence of women in senior positions across central banks and financial institutions points to a shift towards a more inclusive and diverse leadership landscape, which benefits not only the individuals involved but the  and industries they lead.
 
Diversity and inclusion in leadership introduces perspectives, experiences and ideas, which lead to better decision-making and more innovative outcomes. Research consistently shows that diverse teams, particularly those with gender and age diversity, outperform their less diverse counterparts. Diverse and inclusive teams are simply more adept at identifying opportunities, navigating challenges and delivering outcomes that propel institutions forward.

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04/09/2024 | Sonia Namadiko

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