YOUTH & FINANCE POST EVENT REPORT
KEY TAKEAWAYS Below are some important insights garnered from the event based on the topic of discussion. Before deciding to spend anything, it is important to distinguish between needs and wants, and focus on your needs when working with a limited budget. In such an economy, it is necessary to develop a sustainable lifestyle to secure your future. Borrowing money will decrease the value of your salary or allowances since you will have to pay out debts before you begin spending. There is a need to bridge the gap between theoretical knowledge and practical skills needed in the corporate world. To achieve this, the educational system needs to integrate financial literacy to aid students be geared up with the necessary financial security knowledge, and increase partnerships between private, public, financial and academic institutions need to be established. The financial markets are growing at a fast speed, and so are scammers. It is important to acquire the necessary skills in a formal way before you engage in them. This will avoid one from falling victim to scammers. Platforms such as these are ideal for learning. NAMFISA will begin regulating all consumer credit offering institutions for the benefit of the lender & the receiver of funds. The Bank of Namibia is currently drafting a consumer credit act that will protect the receiver upon any maltreatment from the lending bureau.
Credit is good as long as it’s used productively Dreams only works if you do Money only works if you do
LIMITATIONS 1. Location of the venue: Despite the Significantly overwhelming numbers of RSVPs, Many students that rely on taxis found it difficult to attend in person due to the new route to the venue which is not popular amongst local taxi drivers. Hence, the high virtual/social media attendance instead. 2. Lack of transport for many young people to and from the venue: 3. The country’s economic reality
CONCLUSION We would like to conclude by extending our immense gratitude to our supporter, with special mention to: Standard Bank Namibia - Thank you for joining us in this much needed and fruitful adventure for the youth. Your contribution by becoming a gold sponsor of the event made a tremendous difference throughout and we believe it can be. Future Media and Fresh FM - Thank you for joining us as the official media partner, and for opening your studios and social platforms to support spreading the message before, during and even after the event. Your support allowed listeners that couldn't make it to the venue also benefit by what was discussed through your platforms. Coca Cola - Thank you for considering our event worth of the sponsored drinks. The sponsored drinks were just what was needed to keep everyone going through the day. We acknowledge that all this would not have been as successful as it was without having the drinks given the expected higher cost of it from the hosting venue’s restaurant. We thank you, and hope to count on Coca Cola for future collaboration. The drinks were welcomed and appreciated by: the exhibitors who stayed all day long attending to the public’s inquiries on their services - that is, from 8:AM till 9:PM The attendees who stayed throughout the day to attend all section of the event, as well as those that came in and out to listen in the different sessions And lastly, of course our RDJ team that states up coordinating everything from the beginning to the end. Thank you all, and we look forward to remaining in touch and collaborating in future. The RDJ Group is open to provide any support in your programs that are within our areas of expertise, and to also collaborate with you all going forward. 10
