The Bank of Namibia last Friday awarded twelve (12) bursaries to students who excelled in their 2023 academic results to pursue their tertiary education in various fields of studies at SADC institutions of higher learning.

The students were accepted to pursue their studies in Accounting, Mathematics, Statistics, Actuarial Science, Computer and Data Science, Economics, Cyber Security, and Industrial Engineering for undergraduate and postgraduate studies.

In a statement Bank of Namibia says that as Namibia embraces a rapidly evolving approach to work and global skillsets, the Bank remains committed to fulfilling its Corporate Social Responsibility (CSR).

This commitment is made evident through the institution’s longstanding initiatives aimed at fostering socio-economic development and providing educational opportunities.

The Bank has upheld its commitment to Corporate Social Responsibility (CSR) for more than 20 years, providing bursaries to deserving students pursuing programs aligned with the Bank’s operations and the country’s key economic objectives.

These opportunities not only offer students financial support for their academic pursuits but also ensure a smooth and purposeful path toward their future employment.

Highlighting key objectives of this initiative, the Governor of the Bank of Namibia, Mr. Johannes !Gawaxab described this responsibility as key in addressing the challenge of skills development, stating: “For over two decades, the Bank has been investing in the future by awarding bursaries to outstanding students and contributing to the development of robust human capacity in our country.

“The bursaries we are awarding go beyond providing financial support for your academic journeys, they symbolise a vote of confidence in your abilities.’’

The Governor noted that 713 applications were received for the bursary opportunity and a meticulous selection process led to the selection of 11 undergraduate and one postgraduate recipients.

‘’Being a part of this success story reflects our ongoing commitment to ensuring that Namibian students are not burdened by financial constraints but can instead focus on their contributions to the socio-economic vision of the country.’’

The Bank awards bursaries based on merit through a rigorous selection process which includes interviews with shortlisted candidates.

To date, the Bank has availed 199 bursaries since the inception of the program. Of this total, thirty-two (32) are current bursary holders at local and SADC institutions of higher learning.

In the photo: BoN Governor Johannes !Gawaxab speaking to bursary recipients.