FNB and BSE sign partnership agreement

30 Jul 2013 08:50
WINDHOEK, 30 JUL (NAMPA) – The Business School of Excellence (BSE) and First National Bank of Namibia (FNB-Namibia) on Tuesday signed a collaboration agreement aimed at assisting teachers to upgrade their qualifications.
The partnership agreement will make funds for teachers more accessible, with preferred lower interest rates on student loans as well as easy repayment methods.
Addressing the event, BSE Director and Chief Operating Officer Helga Busing-Volschenk said affordability is a big problem for teachers, and is also a challenge which many people face.
“The need is there for teachers to upgrade their qualifications, as this will also improve their income earned,” she noted, adding that the BSE needed a partner which is as passionate about education as they are, and who is willing to assist teachers with upgrading their qualifications.
The partnership with FNB Namibia means BSE students will receive a preferential interest rate for their studies.
“This will be directly deductible from their salaries through the Avril Payment solution system, without the teachers having to worry about debit orders, cash payments and monthly deposits,” she explained.
Teachers also do not have to be existing clients of FNB to qualify.
Speaking at the same occasion, FNB Namibia’s Retail and Business Banking Executive Ester Kali said it is a well-known fact that Namibia is experiencing skills’ shortages across various sectors, but more so, a shortage of qualified teachers.
“It is with this in mind that we are gathered here today to witness the collaboration between FNB and the Business School of Excellence to promote our shared interest of making education accessible to our fellow Namibians,” Kali stated.
The agreement includes the financing of teachers studying towards the Advanced Certificate in Education and Honours Degree in Education at the North-West University (NWU).
The Advanced Certificate in Education follows on any recognised three-year teaching diploma, including the Basic EducationTeaching Diploma, which was offered by the University of Namibia (UNAM), but has now been phased out.
In terms of the agreement, the BSE will offer the logistical and administrative support, while FNB will administer the financing process and marketing campaigns to promote growth for both parties.
The institution is the sole administrative partner for the North-West University (NWU) in Namibia, and has plans to expand to Walvis Bay, Otjiwarongo, Gobabis and Outapi.
The agreement comes into effect on 01 August 2013.