NSFAF reduces promised payments to N$5 000
NSFAF reduces promised payments to N$5 000

NSFAF reduces promised payments to N$5 000

Based on the funds the institution currently has, it can only afford to pay students half of what was promised.
Tunohole Mungoba
TUNOHOLE MUNGOBA

WINDHOEK



The Namibia Students Financial Assistance Fund (NSFAF) will only pay its beneficiaries N$5 000, as opposed to the initial N$10 000 non-tuition fee.

This was revealed in an interview with chief human capital and corporate affairs officer Olavi Hamwele yesterday morning.

“The initial announcement was meant to assist students with e-learning education, but that particular decision is yet to be made by the committee that deals with the e-learning strategy nationwide,” Hamwele said.

“However, we need to give students at least something to help them with their expenses such as transport, accommodation and electronic devices.



All they can afford

“Based on the amount of funds we have at this particular point in time, we can only afford to give students N$5 000.

More funds will be made available as soon as we receive it.”

Hamwele added that they are working on releasing tuition fees as “it is very critical to pay intuitions of higher learning in order for them to deliver and provide what they need to provide to students”.

According to their current records, the institution does not owe any outstanding fees, and he urged international students requesting for financial assistance to engage embassies and high commission offices.

“If students have issues in other countries, we advise them to register their issues in terms of what assistance can be granted. However, the funding policy for international students remains the same.”



Viability report

While a study was carried out to assess NSFAF's viability to operate under the education ministry instead of as a parastatal, Hamwele declined to comment.

“Currently, I have no liberty at discussing the report.

“The outcome of the study is still outstanding and yet to be announced,” he said.

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Namibian Sun 2024-05-01

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 319.56/OZ DOWN -0.0058 | Copper US$ 4.53/lb DOWN -0.0218 | Zinc US$ 2 877.00/T DOWN -0.16% | Brent Crude Oil US$ 84.30/BBP DOWN -0.043 | Platinum US$ 951.92/OZ UP +0.27% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal LaLiga: Barcelona 4 vs 2 Valencia | Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca SerieA: Genoa 3 vs 0 Cagliari | Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City English Championship: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City Weather: Katima Mulilo: 13° | 33° Rundu: 13° | 32° Eenhana: 14° | 33° Oshakati: 15° | 32° Ruacana: 14° | 33° Tsumeb: 16° | 31° Otjiwarongo: 14° | 29° Omaruru: 15° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 33° Wind speed: 19km/h, Wind direction: S, Low tide: 02:38, High tide: 08:56, Low Tide: 15:10, High tide: 21:55 Swakopmund: 17° | 23° Wind speed: 19km/h, Wind direction: SW, Low tide: 02:36, High tide: 08:54, Low Tide: 15:08, High tide: 21:53 Walvis Bay: 22° | 28° Wind speed: 23km/h, Wind direction: SW, Low tide: 02:36, High tide: 08:53, Low Tide: 15:08, High tide: 21:52 Rehoboth: 15° | 29° Mariental: 18° | 32° Keetmanshoop: 21° | 32° Aranos: 18° | 31° Lüderitz: 18° | 29° Ariamsvlei: 21° | 34° Oranjemund: 15° | 24° Luanda: 26° | 28° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 25° Maseru: 11° | 25° Antananarivo: 17° | 26° Lilongwe: 15° | 28° Maputo: 19° | 26° Windhoek: 15° | 28° Cape Town: 15° | 22° Durban: 19° | 25° Johannesburg: 17° | 27° Dar es Salaam: 24° | 32° Lusaka: 15° | 28° Harare: 14° | 29° Economic Indicators: Currency: GBP to NAD 23.25 | EUR to NAD 19.91 | CNY to NAD 2.59 | USD to NAD 18.59 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.61 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.43 | USD to AOA 834.06 | USD to BWP 13.69 | USD to EGP 47.81 | USD to KES 134.48 | USD to NGN 1389.52 | USD to ZAR 18.57 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76076.19 Down -0.5% | Namibian Stock Exchange (NSX) Overall Index 1690.93 Down -0.96% | Casablanca Stock Exchange (CSE) MASI 13319.36 Down -0.41% | Egyptian Exchange (EGX) 30 Index 24448.73 Down -6.01% | Botswana Stock Exchange (BSE) DCI 9146.09 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 319.56/OZ DOWN -0.0058 | Copper US$ 4.53/lb DOWN -0.0218 | Zinc US$ 2 877.00/T DOWN -0.16% | Brent Crude Oil US$ 84.30/BBP DOWN -0.043 | Platinum US$ 951.92/OZ UP +0.27%