VET Levy funds finally set for VTC expansion
VET Levy funds finally set for VTC expansion

VET Levy funds finally set for VTC expansion

Yanna Smith
The VET (vocational educational training) Levy, after being launched two years ago in April, has made available little under N$40 million for vocational training in the country.
The CEO of the Namibian Training Authority (NTA), Jerry Beukes signed the VET Levy key priority training and funding agreements with ten recognised organisations in Windhoek yesterday.
The CEO described the event as another milestone for the NTA under one of the flagship programmes called the Vocational Education and Training Levy’s Key Priority Training Grant Funding Window.
According to the NTA’s estimation, 901 young Namibians stand to benefit from the programme, at a value of N$27.8 million through various training programmes across a broad spectrum of vocational training fields.
The first category of training fields involves approved intervention areas for funding as part of the demand-led training interventions with several local training institutions.
The programmes to be taught at the seven training authorities include construction and mining, cross cutting, manufacturing, health care and social services, hospitality and tourism, wholesale and retail trade, telecommunications, and business and financial services.
The organisations that have been entrusted with the task of training are DAPP Vocational Centre, Namcol, Phillipi Trust Namibia, Wolwedans Academy, Business School of Excellence, Triumphant College and Tulipohamba Training Academy.
The second category involves approved intervention areas of funding as part of support and capacity building interventions with three local training institutions, totalling N$8.7 million.
The training institutions are going to be DAPP Vocational Centre, Community Skills Development Foundation (COSDEF) and the Namibian Federation of the Visually Impaired (NFVI). DAPP will receive N$3.4 million for production units and innovative approaches to training delivery, COSDEF N$3.3 million for equipment, minor repairs and renovations to three COSDEF training centres, and the Federation for the Visually Impaired N$1.9 million for the continuity of the rehabilitation training for 45 visually impaired persons at the federation’s service centre.
The total value of the interventions for both categories represent an investment of N$36.5 million. According to Beukes, the funds allocated for this programme, make up about 35% of all funds collected through the VET Levy for investment in developing of skills and capacities’ in high demand, in prioritised sectors of the economy.
“The services of the beneficiary training institutions were solicited through an open and transparent procurement process, through which accredited training providers were invited in October 2015,” Beukes shared on the steps taken during the tendering process.
The Finnish Federation of the Visually Impaired previously funded the NFVI, but its financial support ended on 30 December 2015, which has led to the suspension of the rehabilitation training programmes from April this year. Through NTA’s programme, more visually impaired Namibians can be rehabilitated, although further funding for their efforts has been made to possible sponsors.
Beukes said that the growth of the Vocational Education and Training Levy had resulted in a more reliable national funding model to support the growth and expansion of the local technical and vocational training markets to be [of] better quality and reach more people.
In closing Beukes took a moment to call on all training institution partners to ensure that they use the funds for the intended purpose and to ensure the successful implementation of their agreements.
“The training of people is your core business. You have decided to enter into this business, because you believe in the empowerment of people through skills and knowledge. You are our partners,” Beukes concluded.
Both the national chairperson of the NTA, Patrick Swartz and the CEO, encouraged young and talented Namibians wishing to enter the Vocational Education and Training stream to enrol for the training opportunities that will result from these agreements.

KEITH VRIES

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Namibian Sun 2024-04-29

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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$ 2 343.17/OZ UP +0.22% | Copper US$ 4.57/lb UP +0.58% | Zinc US$ 2 891.60/T UP 1.17% | Brent Crude Oil US$ 88.75/BBP DOWN -0.0024 | Platinum US$ 926.67/OZ UP +1.44% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal | Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool LaLiga: Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca | Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona | Real Sociedad 0 vs 1 Real Madrid SerieA: 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 | SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza | Frosinone 3 vs 0 Salernitana European Championships Qualifying: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United English Championship: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United Weather: Katima Mulilo: 14° | 31° Rundu: 14° | 31° Eenhana: 15° | 33° Oshakati: 17° | 33° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 17° | 31° Windhoek: 14° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 24° Wind speed: 21km/h, Wind direction: W, Low tide: 12:27, High tide: 06:24, Low Tide: 01:00, High tide: 19:07 Swakopmund: 15° | 18° Wind speed: 13km/h, Wind direction: W, Low tide: 12:25, High tide: 06:22, Low Tide: 00:58, High tide: 19:05 Walvis Bay: 17° | 27° Wind speed: 22km/h, Wind direction: W, Low tide: 12:25, High tide: 06:21, Low Tide: 00:58, High tide: 19:04 Rehoboth: 18° | 29° Mariental: 21° | 32° Keetmanshoop: 23° | 33° Aranos: 20° | 31° Lüderitz: 18° | 28° Ariamsvlei: 22° | 34° Oranjemund: 17° | 26° Luanda: 25° | 30° Gaborone: 15° | 31° Lubumbashi: 11° | 25° Mbabane: 13° | 29° Maseru: 10° | 25° Antananarivo: 15° | 22° Lilongwe: 13° | 27° Maputo: 16° | 29° Windhoek: 14° | 28° Cape Town: 15° | 20° Durban: 19° | 32° Johannesburg: 16° | 25° Dar es Salaam: 24° | 31° Lusaka: 14° | 27° Harare: 11° | 26° Economic Indicators: Currency: GBP to NAD 23.45 | EUR to NAD 20.08 | CNY to NAD 2.59 | USD to NAD 18.74 | 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 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.67 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.07 | USD to AOA 834.06 | USD to BWP 13.71 | USD to EGP 47.58 | USD to KES 134.48 | USD to NGN 1355 | USD to ZAR 18.75 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 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$ 2 343.17/OZ UP +0.22% | Copper US$ 4.57/lb UP +0.58% | Zinc US$ 2 891.60/T UP 1.17% | Brent Crude Oil US$ 88.75/BBP DOWN -0.0024 | Platinum US$ 926.67/OZ UP +1.44%