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Bank of Namibia awards first bursaries for post-graduate studies

Bank of Namibia awards first bursaries for post-graduate studies

The Deputy Governor of the Bank of Namibia, Ebson Uanguata (centre) with Jaungura Kaune and Rosalia Ndamonomhata (left and second from left), together with the bank’s eight other new bursary holders, March Epler, Ireneus Bonge, Veisiua Karuuombe, Johantry Geingob, YambOmwene Nehemia, Lina Heita, Tangi Kampolo and Helen Nghipiunya.


Bursaries for deserving students are part of the central bank’s Corporate Social Investment. The bank has 20 current bursary holders. 77 bursaries have been given to date.

Kaune and Ndamonomhata are the first two students to get a bursary for a masters degree who are not bank employees. Kaune has enrolled for an MA in Economics at the University of Cape Town (Ikeys) while Ndamonomhata will read an MA in the Management of Finance and Investment at the University of the Witwatersrand (Wits).

In the school-leaver group, Epler will read a BA in Chartered Accounting at the University of Stellenbosch (Maties), and Bonge a BA in Actuarial Science at Ikeys. Four students, Karuuombe, Heita, Kampolo and Nghipiunya, will do a BA in Economics at the University of Namibia (UNAM), and two students, Geingob and Nehemia will do a BA in Accounting at UNAM.

The bursaries are awarded on the basis of merit.

The Bank of Namibia Deputy Governor, Ebson Uanguta said: “in Namibia, we are faced with glaring inequalities and high incident rates of poverty. We all know that most of our young people come from poor homes where parents can not afford to send their children to school, let alone pay for their post-secondary education.”

Uanguta said the bank believes that investing in young people helps it to achieve its vision of a Centre of Excellence – a professional and credible institution working in the public interest and supporting national economic development goals. `

Sabina Mufika, one of the current bursary holders and a final-year student in Economics at UNAM encouraged the new recipients to work hard and to pursue academic excellence.

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