Namibian president calls for financial literacy to reach rural communities, schools

WINDHOEK, June 4– Namibian President Netumbo Nandi-Ndaitwah has called for an expansion of financial literacy initiatives beyond corporate boardrooms to rural communities, schools and civic organizations, as the country seeks to broaden economic participation and reduce inequality. In a speech delivered on her behalf at the 30th anniversary celebration of Namibia Asset Management (NAM) on Wednesday, Nandi-Ndaitwah said access to investment opportunities must be accompanied by access to financial knowledge. “As we widen access to investment opportunities, Namibia must equally widen access to financial knowledge,” she said, adding that every Namibian should have a basic understanding of saving, budgeting, investing and retirement planning.