Namibia Lags behind in Financial and Management Skills

Namibia Lags behind in Financial and Management Skills

Thursday, 26 March 2015

“The Financial Management Skills deficit in Namibia is on an ever increasing high”, said Advocate Vekuii Rukoro. This was revealed during a speech he delivered at the Namibia Business School’s (NBS) Orientation held in Windhoek, recently. Advocate Rukoro addressed the audience in his capacity as the Chairman of the NBS Board of Trustees.

According to the report commissioned by the Namibia Employers Federation (Namibia’s Skills Deficit (2010)), the demand for financial practitioners in 2012 stood at 4,300 against a supply of 1950. In 2015, this deficit is estimated to have grown to over 5 000.

He began by reflecting on the humble beginnings of the School, taking the audience back to the year 1999, when the first MBA programme was launched. “This year, I find myself transported back to a time of fresh beginnings as I welcome staff and students at the NBS”, he reminisced. During the year 2000, the School had a mere 31 students and now, 15 years later, these numbers have increased to over 500. He attributed this exponential growth to the NBS’s continued success as a centre of excellence in the region. “NBS graduates can be found in key technical, managerial, and executive positions in Government, State Owned Enterprises, financial institutions, and across the private sector”, he revealed.

The Chairman also shared recent developments at the School. Those developments addressed challenges experienced in the past. The recruitment of permanent academic staff was one such improvement. “It will significantly strengthen the academic programmes and the supervision of student research projects. The latter has been a challenge and affected NBS significantly in the past”, explained Advocate Rukoro.

Newly appointed NBS Director, Dr Meshack Tjirongo, also officiated at the event. Dr Tjirongo brings a wealth of international flair and experience to the Namibia Business School. “The first one hundred days in a position determines the trajectory of your work”, he remarked during his welcoming remarks.

Dr Tjirongo took office on the 1st of December 2014. He expressed his hopes to add value to a well-established school, by contributing to what his predecessor has accomplished with little human resources. “I am lucky, to join the NBS when new staff are just arriving”, he concluded.