31
May
Despite significant strides in financial inclusion, with an estimated 78 percent of the Namibian population now covered, the benefits of these efforts have yet to reach many, particularly in rural areas.The Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, highlighted this disparity at a recent symposium held at Namibia University of Science and Technology in Eenhana.!Gawaxab pointed out that approximately 62 percent of Namibians, especially those in rural regions, still rely predominantly on cash for their income and payments.“This reliance often necessitates long and costly journeys to the nearest financial institution or ATM, further discouraging the use of formal…