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BoN’s high-school competition kicks off


THE regional phase of the Bank of Namibia’s biannual high-school competition officially commenced on 30 August, with over 160 schools participating.

The Bank of Namibia High-School Competition is targeted at educating and improving high-school pupils’ knowledge of the central bank and its role in the economy.

Endorsed by the Ministry of Education, Arts and Culture since 2006, the competition aims to create a better understanding of how the decision of the central bank affects the daily lives of every citizen, while creating a better understanding of the structure of the Namibian economy, macroeconomic fundamentals, and financial literacy.

This initiative has been instrumental in shaping the career paths and lives of participating pupils who aspire to become economists, bankers, and accountants.

The quiz sees schools competing nationwide to outshine one another in a series of timed questions centred around central banking and the economy.

The competition comprises a regional phase during which Bank of Namibia (BoN) officials in conjunction with education ministry officials facilitate the competition in the various regions.

The selected regional winners will thereafter compete for the national champions’ title during a national semi-final and final phase in Windhoek.

Over 160 schools nationwide, from grades 8 to 12, registered for the competition with the assistance of teachers and regional education officers.

Resource materials were provided by the bank to better prepare pupils ahead of the competition.

BoN spokesperson Kazembire Zemburuka describes the competition as an obligation towards community development.

“The bank is committed to broadening sustainable social and economic development through public education at high schools, and this is reflected in the participation that continues to grow with every competition,” he says.

Prizes for the overall winners of the competition will be awarded to the top-four schools during the final phase of the competition.

First-prize winners will receive N$50 000, while the second-prize winners will receive a cash prize of N$30 000. The third prize is N$10 000, while the fourth runner-up will receive a Wi-Fi router.





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