The Bank of Namibia (BoN) is the central bank of the Republic of Namibia.
Headquartered in Windhoek, BoN holds the sole authority to issue the Namibian dollar, as mandated by the Namibian Parliament.
Beyond its core financial functions, BoN prioritizes investing in the nation’s human capital through various initiatives, including the Bursary Programme.
About Bank of Namibia Bursary
BoN’s Bursary Programme reflects its commitment to corporate social responsibility and capacity development.
This merit-based bursary seeks to empower deserving Namibian students pursuing academic fields that contribute to bridging Namibia’s job market gap.
The bursary program provides financial support for undergraduate and postgraduate studies in specific fields aligned with BoN’s mission, including:
Undergraduate Studies:
- Bachelor of Accounting / CA
- Bachelor of Computer Science (Cyber Security/ Artificial Intelligence/ Data Science)
- Bachelor of Economics (Econometrics / Statistics / Mathematics)
- Bachelor of Education (Mathematics/Sciences)
- Bachelor of Finance / Quantitative Finance / Financial Technology
- Bachelor of Industrial Engineering
Postgraduate Studies:
- Master of Economics (Macroeconomics, Microeconomics, Modeling)
- Master of Data Science / Data Engineering
- Master of Artificial Intelligence / Machine Learning / Robotics
- Master of Science or Law in Oil & Gas / Renewable Energy
Bank of Namibia Bursary Eligibility Criteria
Before applying for the BoN Bursary, ensure you meet the following minimum requirements:
Undergraduate Studies:
- Namibian Citizenship
- Accepted or provisionally accepted into a recognized Namibian tertiary institution for studies in one of the listed fields
- Commencing first year of studies in 2024
- Completed/completing Grade 12/ AS Level examinations
- Demonstrably strong academic ability
- Intending to pursue undergraduate studies at a recognized Namibian university or other SADC region institutions
Postgraduate Studies:
- Namibian Citizenship
- Accepted or provisionally accepted into a recognized Namibian tertiary institution for postgraduate studies in one of the listed fields
- Commencing Master’s studies in 2024
- Demonstrably strong academic ability
- Intending to pursue postgraduate studies at a recognized Namibian university or other SADC region institutions
Bank of Namibia Bursary Application Requirements
Applications are strictly submitted online. The application process involves:
- Completing the online bursary application form and submitting it.
- Attaching the following supporting documents:
- Proof of Namibian citizenship (e.g., ID card)
- Proof of provisional acceptance from a recognized tertiary institution
- Grade 12/ AS Level results (undergraduate applicants) or certified copies of relevant undergraduate degree and academic record (postgraduate applicants)
- Receiving notification of application receipt and review.
- Shortlisting based on meeting the minimum requirements and selection criteria.
- Participating in a means test to assess your financial situation.
- Interviewing for the bursary (successful means test applicants).
- Receiving a preliminary offer based on meeting all requirements, including final Grade 12 results and confirmed university acceptance.
You must note that only shortlisted candidates will be contacted and application documents will not be returned.
Bursary awards are at BoN’s sole discretion and all BoN decisions are final.
Closing Date for the Bank of Namibia Bursary
Information regarding the application deadline for the 2025 intake is currently unavailable.
However, we recommend checking the BoN website regularly for updates closer to the application period.
Bank of Namibia Bursary Contact
For any inquiries related to the Bank of Namibia Bursary Programme, please contact the Bank of Namibia directly: [email protected].