NUST and the Financial Literacy Initiative (FLI) signed a Memorandum of Understanding (MoU), which will see the two parties collaborating in the areas of research and financial education.
FLI is a project that was established by the Ministry of Finance in 2012, and it seeks to promote financial inclusion in the country. The research project titled: ‘A Study of Consumption and Saving Behaviours among the Three Social Economic Segments of the Population in Namibia,’ will investigate what drives overspending amongst Namibians from low, middle and high income groups.
The overall objective of the study is to inform policymakers responsible for the development of programs that promote financial literacy. Through this MoU, the University community will undergo free financial wellness programmes.