BoN hands over bursaries

The Bank of Namibia (BoN) on 25 January awarded bursaries to nine young Namibians for undergraduate and postgraduate studies.

29 January 2019 | Education

Justicia Shipena

The bursaries were awarded for studies in the fields of economics, accounting and education specialising in mathematics and science.

This is part of the bank’s corporate social investment and responsibility policy initiatives.

BoN human resources director Lea Namoloh said the recipients were selected from 621 applicants.

She said the selection criteria was their final grade 12 performances, being from disadvantaged communities, a field of study which is of interest to the bank, regional representation, the economic position of the parents and whether the applicants were orphans.

Namoloh added the students are expected to work hard and produce excellent results. She also advised the students to seek help from the bank when they encounter any difficulties.

BoN deputy governor Ebson Uanguta said during the handing over ceremony that the bank awards bursaries to deserving students who are equally committed to pursuing their studies at various local and international institutions.

“We have at the same time made it a point to access the skills demand at national level, in order to align the scheme to areas where it would have a meaningful impact on the country’s developmental goals and bank as well,” he said.

According to Uanguta the fourth industrial revolution requires a total rethink of how we approach the skills development agenda in Namibia and around the world.

He added that this requires that we make a positive proactive investment in developing fast-thinking graduates and skilled talent in Namibia.

“Responding to the advent of this revolution does not only require private and public sector involvement, but also a paradigm shift in mindsets of students and the academic system as well,” he said.

He said to date BoN has availed 98 undergraduate bursaries to students who have completed their studies and are now contributing to the development of the country.

Uanguta urged the students to constantly think about how relevant they will be in this changing, dynamic place of work.

Helena Nghipunya, a third-year economics student at the University of Namibia (Unam) spoke about her experience as bursary holder and student.

She also congratulated the students and gave them advice on how to survive university.

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