BoN launches Fintech Youth Programme

Support for young innovators
Developing technology-driven solutions that improve financial inclusion, access to services and the future of digital finance in Namibia.
Nee-Thanks Uupindi
  • 2 Weeks Ago

The Bank of Namibia (BoN) has introduced the Fintech Youth Programme, a new initiative designed to empower young Namibians to innovate in the financial technology (fintech) sector.

The programme aims to provide students, graduates and entrepreneurs with the tools, support and guidance needed to develop solutions that improve financial inclusion and access to financial services across the country.

Applications opened on 1 July 2026 and close on 15 August 2026. Application forms are available on the BoN’s website.

Naufiku Hamunime, deputy director of corporate communications and sustainability at the bank, said the programme was inspired by two key factors: the rapid growth of fintech across Africa and the untapped potential of Namibia’s youth.

“Fintech is transforming how people pay, save, borrow and access financial services. Namibia has many young, talented people with innovative ideas, but they face barriers such as limited access to funding, mentorship, technical expertise, regulatory knowledge and market opportunities,” she said.

The programme is open to Namibians aged 15 to 24, as well as permanent residents. Applicants may apply as individuals, teams or registered entities with innovative fintech concepts. At least 51% of founding team members must be Namibian.

Hamunime said the initiative was designed to be inclusive and encourage participation from young people across the country. “The programme is designed to empower young Namibians broadly and seeks participation from youth across Namibia, including students, graduates, aspiring innovators and entrepreneurs.”

She added that applicants would be assessed on the strength of their ideas and their potential impact. “Successful applicants will be evaluated based on the problem being addressed, market need, value proposition, the team’s capability, feasibility, regulatory alignment, social impact and long-term sustainability.”

Hamunime encouraged young innovators to focus on addressing real-world challenges and clearly demonstrate the value of their ideas. “Applicants should highlight how their innovation can improve financial inclusion or efficiency, provide evidence of market demand and showcase their commitment and clear implementation plan.”

She also warned applicants against submitting incomplete or unclear proposals. “Applicants should avoid incomplete applications, vague problem statements or failing to explain what makes their solution unique. They should also avoid overestimating market readiness without evidence and overlooking regulatory considerations.”