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Central bank awards scholarships to future captains of industry

Central bank awards scholarships to future captains of industry

Nine undergraduate students who will undertake their studies at institutions of higher learning in the country and the SADC region, recently received bursaries from the central bank, Bank of Namibia.

This year two Masters’ degree students will also be joining this cohort.

The beneficiaries of the bursary scheme for this year, with the fields of studies and respective institutions at which they will be studying are as follows: Basilius Shivute – Information Technology (IT), Namibia University of Science & Technology (NUST); Petrus Paulus – Education with specialisation in Science, UNAM; Jependura Kuteeue – Economics, NUST; Hilya Indongo – Economics, NUST; Uakataviza Kaavara – Economics, UNAM; Pieter Richard – Accounting with specialisation in Chartered Accounting, NUST; Joy Haipinge – Economics, UNAM; Mavetunguijani Thom – Economics, UNAM and Muzomundu Ngorero – Economics, NUST.

Officiating at the award ceremony, the Deputy Governor of the Bank, Ebson Uanguta, said “as a central bank, we recognise that capacity building and skills development are fundamental to realising a knowledge-based economy as envisioned in our national development plans. It is for this reason that we continue to invest in a bursary scheme in highly sought areas, to support our young talented people to become knowledge workers and excel in the Fourth Industrial Revolution that is upon us.”

Uanguta revealed that the bank also made a deliberate attempt to offer bursaries to qualified students on a merit basis in addition to offering opportunities to students from poor or marginalised backgrounds in line with the bank’s social obligation.

Over the years, the bank has pledged to invest in the development of human capital as a critical component of socio-economic development.

Bursaries are awarded to deserving learners who are equally committed to pursue their studies in the fields that would have meaningful impact to the country’s developmental goals and aspirations as well as the Bank’s overall mandate.

Meanwhile, the bursary scheme caters for registration, tuition, accommodation fees, books as well as living related costs for the duration of studies and a return flight ticket for those admitted outside the country.

To date, the bank has availed 98 undergraduate bursaries who have completed their studies and are now making a significant contribution to the development of the country in the fields of Economics, Accounting, Auditing, Banking, Information Technology and Education specialising in Mathematics and Science.


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