NAMFISA and Bank of Namibia award bursaries
These students present the future of Namibia’s financial regulatory authority and will keep asset managers, insurance companies, and pension funds in line.
A statement released by the Central Bank said that the bursary scheme was aimed at a number of objectives which include; training persons within the framework of the national human resources development strategy, broadening the recruitment base and strengthening the technical capacity of the bank, and providing access and equality to education to a wider community of Namibia regardless of sex, race and religion.
Said Mr Romeo Nel, Director of Banking Supervision, “The Bank of Namibia has always been concerned with one fundamental question and that is how and in what fashion we can assist the country towards human resource development and capacity building in Namibia.
In an effort to address the question, the Bank of Namibia has felt it imperative to introduce an Undergraduate Bursary Scheme in order to make contributions towards capacity building in Namibia.
It is my belief that the successes of the programme will depend on the cooperation of all stakeholders; especially the tertiary institutions because it is where the success of these holders will be built.
In a similar vein, NAMFISA said that its bursary scheme was aimed at; increasing national financial literacy by 2020, the provision of appropriate safety nets to protect depositors and to ensure and maintain financial stability as well as improving access to financial services and products by eligible Namibians.
“As a regulatory authority we have a responsibility to ensure the safety and soundness of the financial industry and it therefore behoves us to have the necessary capacity to deliver on those expectations.
The bursary scheme is but one of the strategies we have at NAMFISA to develop skills which benefits the Authority and the country at large. By absorbing the graduates who benefit from our bursary scheme, we are underlining the importance of nurturing and guiding young talent as they take their first steps in the job market,” said NAMFISA CEO Philip Shimmi.
