Ipumbu Shiimi: Opening of the office of the Payments Association of Namibia Speech by Mr Ipumbu Shiimi, Governor of the Bank of Namibia, at the official opening of the office of the Payments Association of Namibia, Windhoek, 6 March 2012.
This is partly a result of a much lower level of capital intensity and lower total factor productivity growth. Total factor productivity refers to how labour and capital are combined to create efficiency gains. Here, industry structure appears to matter, with larger productivity gains from investment at chain stores than individual stores.