The Structure and Nature of Savings in Namibia
Jan 31, 2004
| E. Uanguta, E. Haiyambo, G. Kadhikwa et al. | Bank of Namibia
The main purpose of this study is to assess the structure of savings in Namibia and to examine how these savings could be translated into domestic investment. The preliminary analysis from this study reveals that the contractual savings which consist of pension fund contributions and life insurance premiums dominate the structure of savings in Namibia and are estimated to be around 60 per cent of the total private domestic savings. This is followed by commercial banks savings, which account for about 38 percent of the total private domestic savings.