Capricorn, Bank Windhoek invest N$3.2m in young bankers

A rare shot at banking careers without tertiary education
According to the 2023 Labour Force Report, more than 50% of young Namibians remain unemployed, with limited participation in sectors like banking and finance
Desmarius Hansen
  • 17 Hours Ago

The Capricorn Foundation, in partnership with Bank Windhoek, launched the 2026/27 Emerging Bankers Programme, offering new opportunities for young Namibians to enter the financial sector.

The programme, officially unveiled in Windhoek on Monday, welcomed its second cohort of 13 participants. It forms part of Bank Windhoek’s Young Talent Development Programme and is aimed at school leavers who may not have access to tertiary education or funding.

First introduced in 2024, the initiative provides structured workplace exposure, certified training, mentorship and hands-on experience over an 18-month period. Participants are placed at Bank Windhoek branches countrywide, often close to their home communities.

To support the new intake, the Capricorn Foundation has committed N$3.24 million, covering employment, training and development costs.

Capricorn Group CEO David Nuyoma said the programme is about unlocking potential. “Talent is everywhere, but opportunity is not. This programme opens doors and helps young people take their first steps into the world of work,” he said.

The first cohort, which completed the programme in 2025, saw several participants move into permanent employment or continue building their skills, highlighting its impact. The initiative comes at a critical time, as youth unemployment remains a major challenge in Namibia.

Executive director Marlize Horn said the programme is designed to create long-term change. “This investment is not just about work experience, but about building confidence, purpose and sustainable careers.”

Bank Windhoek managing director James Chapman added that the initiative focuses on reaching youth in rural and underserved areas, where opportunities are often scarce.