Prosperity does not mean million-dollar mansions: Geingob

13 Aug 2015 17:50pm
WINDHOEK, 13 AUG (NAMPA) – The International University of Management (IUM) on Thursday unveiled a new building at its main campus here in order to meet the needs of its student and academic staff population.
The building is worth N.dollars 45 million, and was inaugurated by Namibian Vice President Nickey Iyambo on behalf of President Hage Geingob, who is the patron of the university.
The facility is called the “Tunana Building”. Tunana is Oshiwambo for “let’s pull together”.
It is an addition to the main campus situated in the Dorado Park area of the capital. The new building consists of two student lounges, a boardroom, 12 offices, catering facilities and six lecture halls with a total capacity of 1 400 students.
In a statement delivered during the event, Geingob said the inauguration of the building is the recognition of the realisation of yet another milestone in the progressive development of the IUM.
“Although the N.dollars 45 million is a quantifiable investment, I believe that the returns thereof will be immeasurable. I, therefore, commend Comrade David Namwandi, the founder of the university, whose dreams have materialised into the wonder we are witnessing today,” he said.
Geingob used the occasion to call on the leadership of all Government organisations, particularly education institutions, to observe and exercise professional and ethical conduct.
“I single out on this occasion our educational institutions because they hold the key to youth development. You have a responsibility to embed a culture of honesty and sense of purpose in our youth,” he noted.
The president said young people need to understand that prosperity does not mean million-dollar mansions and luxury cars, but it means a decent standard of living for each and every Namibian.
“Prosperity means food, clothing and decent shelter, as well as a balanced diet. In order to achieve this, we will need to become better at wealth distribution and exploiting our resources for our benefit rather than the benefit of others,” he stressed.
On his part, Namwandi, who is the founder and chancellor of the IUM, said it is the university’s vision to establish a unique foundation of knowledge and a centre of excellence.
“This centre will cater for the academic and professional needs of the present generation and generations yet to be born,” he stated.