Last Updated on November 27, 2023 by Elidge Staff

Bank of Namibia Bursary: Empowering Namibian Students for a Bright Future

Are you a Namibian student with aspirations for a successful undergraduate education? Look no further than the Bank of Namibia’s Bursary program. This esteemed institution is committed to capacity development and fulfilling its corporate social responsibility by providing financial assistance to deserving Namibians pursuing undergraduate studies at recognized universities within Namibia and other countries in the SADC region. Read on to discover how this bursary scheme can help you achieve your educational goals and contribute to the development of our nation.

1. Who is Eligible to Apply for the Bank of Namibia Bursary?

If you meet the following criteria, you are encouraged to apply for the Bank of Namibia Bursary:

Namibian Citizenship: The bursary is exclusively available to Namibian citizens.
Provisional Acceptance: You must have provisional acceptance as a first-year student at a recognized tertiary institution, supported by your Grade 12 examination results.
Excellent Academic Performance: The Bank of Namibia seeks students who have demonstrated outstanding academic achievements.

2. Preferred Fields of Study for the Bank of Namibia Bursary

To align with its mission and address critical gaps in the Namibian job market, the Bank of Namibia places a strong emphasis on the following fields of study:

Bachelor of Computer Science (Cyber Security/Artificial Intelligence/Algorithms, Data Analytics)
Bachelor of Economics (Econometrics/Statistics/Mathematics)
Bachelor of Education (Mathematics/Sciences)
Bachelor of Accounting/CA
Bachelor of Industrial Engineering/Systems Engineering

By pursuing a degree in one of these areas, you not only increase your chances of receiving the bursary but also contribute to the Bank of Namibia’s vision of becoming a Center of Excellence and supporting national economic development.

3. Bank of Namibia Bursary Application Process

To be considered for this prestigious bursary, complete and submit your application before the closing date. Please note that the Bank of Namibia has the sole discretion to award the bursary, and its decision is final. For any inquiries or assistance, you can reach out to Leena Elago at leena.elago@bon.com.na.

4. Investing in the Future: Bank of Namibia’s Commitment

The Bank of Namibia has been offering bursaries since 2002, demonstrating its dedication to investing in Namibia’s youth and developing human capital. By supporting the education of deserving students, the Bank fulfills its mandate as a leading corporate citizen and contributes to the socio-economic development of the country.

5. Bank of Namibia Bursary Selection Process: From Application to Bursary Offer

The Bank of Namibia takes its selection process seriously to ensure that deserving candidates are chosen for its prestigious undergraduate bursary scheme. Here is a more detailed explanation of each step involved:

Step 1: Bank of Namibia Bursary Application Submission

As an aspiring bursary recipient, you must submit a comprehensive application that includes all the required documents and information. Be sure to carefully follow the instructions provided to increase your chances of success.

Step 2: Notification of Receipt

After submitting your application, you will receive a notification confirming that your submission has been received. This acknowledgment assures you that your application is under review and being considered for the bursary.

Step 3: Shortlisting

The Bank of Namibia’s dedicated team will meticulously evaluate all received applications using their screening and selection criteria. This stage aims to create a shortlist of candidates who meet the minimum requirements and demonstrate the potential to excel in their chosen field of study.

Step 4: Means Test

Shortlisted applicants will undergo a means test, which assesses the financial affordability of providing a bursary. The Bank of Namibia wants to ensure that those who receive the bursary truly require financial assistance to pursue their undergraduate studies.

Step 5: Interviews

Applicants who successfully pass the means test will be invited for an interview. This is an opportunity for the Bank of Namibia to get to know you better, assess your suitability for the bursary, and discuss your academic aspirations and future goals.

Step 6: Bursary Offer

Based on a comprehensive evaluation of the application, means test results, and interview performance, the Bank of Namibia will extend a preliminary bursary offer to successful candidates. However, please note that the final offer is contingent upon the submission of your final Grade 12 results and proof of acceptance into an undergraduate degree program at a registered university accredited by the Council of Higher Education or a university of technology.

The Bank of Namibia holds the sole discretion to award the bursary, and its decision is final. While not all applicants may receive a bursary, the selection process aims to identify deserving candidates who have demonstrated academic excellence and potential to contribute to the development of Namibia.

Secure Your Future Today with Bank of Namibia Bursary

Don’t miss out on the opportunity to receive financial support for your undergraduate studies. The Bank of Namibia’s Bursary program can pave the way for your academic success and future career. Apply now, meet the eligibility criteria, and embark on a transformative educational journey that will shape your future and contribute to the growth of our nation.