The relatively high saving ratio in Namibia has not been transformed into high investment and growth. As mentioned, one important explanation has been low and declining factor productivity in the economy. Public investment will remain important, but investment opportunities must also be made available to the private sector.
Let me start with two observations that outline the possible financial dimensions of IT innovation. •  The first is the boom and bust in equity prices of tech companies. The market capitalisation of IT firms has fallen about 6 trillion US dollar since the spring of 2000.