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Corporate Social Responsibility

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As a responsible corporate citizen, the Bank of Namibia (BoN) recognises its social obligations towards community development and committed to a broader sustainable social and economic development. The Bank’s corporate social investment is aligned to the Harambee Prosperity Plan and primarily focuses on education and skills development in key areas critical to Namibia’s development. The following key projects represent some of the specific social investment programme:
  • Bank of Namibia supports Technical and Vocational Education and Training (TVET) sector

The Bank of Namibia will provide financial support to the Namibia Training Authority (NTA) apprenticeship programme within the Technical and Vocational Education and Training (TVET) sector.  The apprenticeship programme is aimed at improving the quality of artisans emerging from the sector.  The Bank has agreed to support the apprenticeship programme over a three-year period (2019 - 2021) and the financial support will be to the tune of N$4.5 million in the areas of Agriculture, Tourism and Auto-mechanics.
In addition, the Bank will also offer bursaries for instructors in the TVET sector and provide internships to trainees at the Bank.
  • Bank of Namibia Bursary and Graduate Accelerated Programme

Since 1998, the Bank has been awarding bursaries annually to undergraduate students studying in specific fields. These fields include Economics, Finance, Accounting, Auditing, Banking and Information Technology, necessary to make a meaningful contribution to the country’s economic development. Internally, the Bank has a robust training and development programme for its staff necessary to develop skills at different levels and at diversified learning institutions worldwide.
Furthermore, in 2012 the Bank proudly introduced the new Graduate Accelerated Programme, an initiative aimed at building capacity for the Bank and the country. The Graduate Accelerated Programme enable top performing Namibians who have already completed their undergraduate studies to be accommodated at the Bank. Graduates rotate in key departments within the Bank, which exposed them to various work environments and experiences.
  • Best Students Award

Annually, the Bank of Namibia recognises the best students in the field of Economics, Finance and Banking, offered by the Institute of Bankers in Namibia, the University of Namibia and the Polytechnic of Namibia respectively. This established partnership with High Learning Institutions is vital to develop and encourage human resources development through awarding prizes to the best final year students in these fields. In addition, the Bank supports relevant student professional societies in the areas of the Bank’s focus.
  • Bank of Namibia High School Competition

As part of the Bank’s public education programme, the Bank of Namibia is hosting a National High School Competition bi-annually. All secondary schools in Namibia are invited to participate in the Bank of Namibia National High School Competition. There are exciting prizes up for grabs for the winning teams or schools. The competition is endorsed by the Ministry of Education. For preparation of participants, the Bank compiles and distributes relevant learning materials.
Should you have any enquiries about the Bank of Namibia's Corporate Social Investment programme, please feel free to contact  the Strategic Communications and Financial Sector Development Department, telephone: +264 61 283 5114, Fax: +264 61 283 5054 or e-mail:

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Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

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