The Bank of Namibia’s highly anticipated 2023 tertiary institution debating challenge concluded with a thrilling showcase of intellectual prowess and critical thinking.
The topic of this year’s competition revolved around the intriguing subjects of ‘Virtual Currencies and Stabilising Inflation’. After intense deliberations, the Namibia University of Science and Technology (Nust) emerged victorious, taking home the coveted title and a prize of 10 000 thousand.
The event, held at the National Theatre of Namibia, witnessed impressive participation from several esteemed institutions.
Following Nust’s triumphant win, the University of Namibia (Unam) secured the second position, displaying commendable debating skills and earning a prize of 5 000 thousand.
The International University of Management (IUM) showcased their talent and claimed the third spot, walking away with N$2 500.
Triumphant College, making its debut in the competition, secured the fourth position and was awarded 1 000 thousand.
Deputy governor of the Bank of Namibia Ebson Uanguta emphasised the significance of constructive debates on matters of national interest.
He stressed that diverse critical views pave the way for collective growth, enabling society to learn, evolve and pursue an agreed path after considering different perspectives.
Uanguta highlighted the importance of fostering an open, transparent and credible society through robust debates, asserting that they are foundational to a thriving democracy.
“This platform plays a crucial role in shaping the worldview of participating students. Debates not only develop essential 21st-century communication skills but also instill critical intellectual and interpersonal abilities in young individuals,” he said.
Regarding the specific topics of virtual currencies and stabilising inflation, Uanguta acknowledged the complexity of these subjects and praised the participants for shedding light on such important matters.
He further disclosed that the insights gathered from the debates would help the Bank of Namibia reconsider its own thinking and understanding of emerging issues.
Members of the winning Nust team expressed their pride in their achievement and dedication to engaging in important economic discussions.
Banson Themo, a member of the victorious Nust team, said: “Namibia is ready to move into the realm of CBDCS, and this win motivates us to continue our efforts.”
The event’s Best Speaker award went to Audrey Gloria Kanditie from Unam, an economics student, who expressed her gratitude for the platform and praised the fairness of the adjudication process.
Alfred Jaftha from Triumphant College, despite not securing the top position, appreciated the opportunity to compete and acknowledged the relevance of the topics in shaping the perspectives of the younger generation.
“We need to be well-informed on these situations, as we are the ones who will be taking over from our elder generation,” Jaftha asserted. - vamutenya9@gmail.com