Bank of Namibia donates N$150 000 to Unam
07 August 2020 | Local News
During the handover, the governor of the Bank of Namibia, Johannes !Gawaxab, stated that the bank’s support is critical to the human resource development agenda of the country, to reduce skills mismatches, improve the quality of the workforce and enhance productivity and competitiveness in the economy.
The governor noted that young people, particularly those from disadvantaged backgrounds, find it increasingly difficult to make a successful transition from education to employment. At the same time, employers express concern about the level of training and support they need to give to young recruits.
For this reason, the bank recognises the Work Readiness Programme initiated by Unam as a platform that is ideally suited to equip graduates with the necessary attributes to not only increase their employability but also to enter the workforce with a reasonable prospect of performing the job to an acceptable standard.
Accepting the donation, Unam’s vice-chancellor, Prof Kenneth Matengu, said the University prioritises graduate employability as a key strategic imperative and the Work Readiness Programme is one of the initiatives in achieving goals under this strategic theme to decrease graduate unemployment and subsequently increase their employability.
The Work Readiness Programme is an initiative of Unam that is geared towards building the capacity of graduates with soft skills in preparation for the labour market, skills that will help them with job hunting, as well as job creation.
The Bank of Namibia is the first institution to respond to the university’s request for support of the initiative. The course will primarily target enrolled Unam students in their third and final years and will be offered as a self-paced online course with supplementary face-to-face sessions, through the Unam Career Service Centre.
This intervention is aligned to a recommendation made by the High-Level Panel on the Namibian Economy, which was chaired by the now Governor of the Bank, Mr !Gawaxab, and on which the Unam vice-chancellor, Prof Matengu, also served. The panel recommended the establishment of a national internship programme to enhance on-the-job skills. This remains a low-hanging fruit that will be responsive to the cry by employers that graduates are not always ready for the world of work, and such a programme provides an opportunity for employers to guide, evaluate and develop talent to enhance overall productivity and competitiveness.
Article contributed by Fillemon Nanghonya, Bank of Namibia.