Global Money Week hits Namibia

Namibia has officially joined the global community in commemorating Global Money Week 2026 under the theme “Smart Money Talks.” The initiative includes a strong call for open dialogue on financial matters to strengthen financial literacy and responsible money management across the country. The campaign, which was launched alongside the unveiling of a new Financial Literacy Booklet, aims to encourage Namibians of all ages to engage in meaningful conversations about saving, budgeting, investing, and responsible borrowing.Speaking during the launch, Bank of Namibia deputy governo Leonnie Dunn said that the theme reflects the urgent need for transparency and awareness in financial decision-making. Dunn said that financial literacy extends beyond understanding numbers; it empowers individuals to plan their finances effectively, build resilience, and safeguard their long-term financial well-being. She said that open discussions about money are essential in helping individuals overcome fear, misinformation, and uncertainty surrounding financial matters.According to Dunn, silence around financial issues often contributes to anxiety and vulnerability, while informed conversations strengthen both individual and collective confidence. She said that when people openly share financial knowledge and experiences, they are better equipped to navigate financial risks, identify opportunities, and make responsible financial choices. The campaign encourages participation from a wide range of stakeholders, including government institutions, financial service providers, educators, civil society organisations, parents, and young people. By creating inclusive spaces for financial discussions in homes, schools, workplaces, and communities, Namibia aims to cultivate a culture of responsible financial behaviour.The initiative also highlights the importance of financial education across different stages of life. Children are encouraged to learn the value of saving and to distinguish between needs and wants, while young people are urged to develop budgeting skills, avoid unnecessary debt, and explore entrepreneurship opportunities. Working adults are advised to prioritise long-term financial planning and investment, and retirees are encouraged to manage savings responsibly to maintain financial security.Financial literacy remains a strategic priority in Namibia as access to financial services continues to expand. Data from the 2017 FinScope Namibia Consumer Survey indicates that approximately 78% of Namibian adults are financially included, meaning they use at least one formal or informal financial service. However, experts said that access alone does not guarantee sound financial decision-making. Many citizens still face challenges such as poor budgeting habits, limited savings, dependence on short-term credit, and vulnerability to financial scams. These challenges highlight the need for continuous and accessible financial education, particularly as digital financial services and mobile banking become increasingly widespread.Globally, Global Money Week is an international financial awareness campaign coordinated by the Organisation for Economic Co-operation and Development (OECD) through its International Network on Financial Education. Since its establishment in 2012, the initiative has reached millions of children and young people in more than 170 countries, promoting financial education and responsible financial behaviour. In Namibia, the campaign seeks to empower citizens with practical financial knowledge and skills to make informed financial decisions. By strengthening financial capability among individuals and households, stakeholders said the initiative will contribute to greater economic resilience and inclusive growth in the country.

Global Money Week hits Namibia

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Namibian Sun 2026-05-04

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Global Money Week hits Namibia

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Namibian Sun 2026-05-04

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