WINDHOEK, 12 JUN – The Bank of Namibia (BoN) has prioritised skills development as a necessary intervention to help Namibia in the emerging finance sector.
A media statement issued Tuesday said BoN Governor Ipumbu Shiimi during the signing of a Memorandum of Understanding with the British High Commission in Namibia for the joint funding of Chevening scholarships, said BoN’s efforts will help the bank with human resource development.
He explained that the Chevening scholarships are for two Namibians to pursue one-year Master’s Degree programmes in the areas of economics, banking and finance and international trade at a recognised university in the United Kingdom for each academic year from 2018/19 until 2020/21.
“The scholarships come at a time when the financial sector as whole is impacted by technological changes, new governance framework, competition and increasing demands from consumer and issues of financial exclusion,” said Shiimi.
At the same occasion, the British High Commissioner to Namibia, Kate Airey said the Memorandum of Understanding aims to further fuel Namibia’s economic development.
Chevening is the United Kingdom’s global scholarship programme funded by, among others, the Commonwealth office and partnering organisations such as the BoN.