DPM to sponsor Namibian student next year

03 Mar 2014 14:40pm
TORONTO, 03 MAR (NAMPA) - Canadian-based Dundee Precious Metals (DPM) will next year sponsor a Namibian student to study at the African Institute for Mathematical Sciences (AIMS) in Cape Town, South Africa.
DPM executive chairperson Jonathan Goodman announced this in Toronto, Canada on Sunday night during a dinner hosted in honour of Prime Minister Dr Hage Geingob and the business delegation he is heading.
The student set to take up the sponsorship will undergo a one-year graduate-level course first, which will lead to a four-year Master’s Degree in Mathematical Science.
The sponsorship will be advertised, and students are expected to apply.
“As part of our social responsibility towards the people of Namibia, we want to invest more in education,” Goodman noted.
DPM's total investment in education in Namibia since 2010 is over N.dollars 12 million.
AIMS opened its doors in 2003. Its goal is to help Africa use science and technology for its development.
Each year, 50 of Africa’s top students enrol in a rigorous 10-month graduate-level course at the institute, which leads to a Master's Degree in Mathematical Science.
At the same occasion, Dundee Precious’ Metals Executive Vice-President of Sustainable Business Development, Adrian Goldstone said business and government have to take a long view of education as an empowerment tool.
“As in many countries, there is a shortage of information technology and financial communication. There is also a shortage of technical, science and engineering skills at trade and professional level, especially amongst young Namibians,” he stated, adding that at DPM, they believe that the only real way to solve this problem is to improve general access to education, and incentivise people through scholarships, bursaries and similar mechanisms to work in disciplines which Namibian industry needs.
The Canadian-based DPM is the 100 per cent shareholder of the former Namibia Custom Smelters, now known as Dundee Precious Metals Tsumeb.
In March 2010, Weatherly Mining sold the smelter to DPM for N.dollars 33 million in cash and shares, with Weatherly retaining all mining assets.
Geingob arrived in Toronto on Saturday afternoon for an official visit.
The Premier, accompanied by a Namibian business delegation, is expected to hold several business meetings and visit several business entities in Canada before leaving for the United States of America on Tuesday afternoon.