Old Mutual and Nedbank award bursaries to 10 students

28 Oct 2014 12:20pm
WINDHOEK, 28 OCT (NAMPA) - Old Mutual Namibia and Nedbank Namibia on Monday awarded 10 bursaries to Namibian students to enable them to pursue their tertiary studies next year.
The official bursary handover ceremony, which was held in the capital, marked the seventh time that Old Mutual and Nedbank invested in the initiative.
The bursaries were awarded to students who will pursue studies fields such as science, fisheries, veterinary science, accounting, engineering, agriculture, actuarial science, biomedical science and information technology.
Beneficiaries will be pursuing their studies in Namibia and in countries such as South Africa and Tanzania.
In a speech read on his behalf by the Director of Education Kevin Nyambe, the Minister of Education Dr David Namwandi said he is very grateful to Old Mutual and Nedbank Namibia for giving so generously to the Namibian child.
“I am very happy and pleased be here to join the team of the Old Mutual and Nedbank Namibia Education Trust in handing over these bursaries. Vision 2030 for Namibia is about people. It advocates for a balanced supply of human resources in response to the demands of the labour markets,” said Namwandi.
The minister added that education should be the major driving force to ensure that the society is comprised of people who are literate, skilled, articulate, innovative, informed and proactive.
“Namibia is striving to be a knowledge-based society and a knowledge-based economy. Namibia can only reach and attain this dream through her people and resources,” he noted.
The Old Mutual and Nedbank Namibia Education Trust is funded 80 per cent by Old Mutual Namibia and 20 per cent by Nedbank Namibia. The Trust awards bursaries to members of trade union organisations and their dependents.
Speaking at the same event, the Human Resource Executive of Old Mutual Patricia Olivier said education empowers and sets people free irrespective of their social or financial status.
“Education embeds the desire to grow and elevate oneself, and it ultimately creates a catalyst that provides impetus to move individuals, communities, regions and countries to new heights. It is through education that we are able to address and understand the challenges that face us as a nation,” she said.
Olivier said Old Mutual Namibia had received about 700 applications this year. Since inception in 2009, a total of 4 221 Namibians have applied for bursaries from the education Trust although only 70 bursaries, including those awarded this year, could be availed.