9 months ago

New Era Newspaper Wednesday July 5 2017

  • Text
  • Namibia
  • Windhoek
  • African
  • Namibian
  • Regional
  • Programme
  • Workers
  • Swartz
  • Nampa
  • Okahandja


14 YOUTH CORNER Wednesday, June 14 2017 | NEW ERA ho’s creating the African ill Gates of tomorrow? Users who already have advanced IT skills will be able to explore career-oriented IT topics including programming, cybersecurity, data science, as well as important business skills like critical thinking, innovation, and entrepreneurship. The programme will be launched from the tech giant’s regional offices in Egypt, Kenya, Morocco and Nigeria, and South Africa. The initiative will provide access to thousands of resources, in English including: Ready-to-use mobile apps. Web guides, demonstrations, interactive simulations, video series, and articles. Online assessments to track the progress of individuals. A volunteer program to support and promote digital literacy within their communities. App Marketplace – Provision of a platform on which new applications can either be made freely available or sold. Sub-Saharan Africa has a youthful population, with 70% of it under the age of 30. However, unemployment is high amongst the youth. For example, in South Africa alone, the region’s most advanced economy, 48% of people between the ages of 15 and 34 are unemployed. North Africa is also facing the same challenge, so how is Africa planning to address this and other challenges like climate change? Well, many, including the African Union, believe this could be done through the strengthening of Science, Technology, Engineering and Mathematics (STEM) education on the continent. This will help prepare the continent’s young generation for ‘future jobs,’ and to fully leverage opportunities presented by the Fourth Industrial Revolution. Several non-government organisations, governments, and companies are playing their part in making sure that the AU’s Agenda 2063, popularly known as ‘The Africa We Want,’ is realised by investing in STEM. LEAP Science and Maths Schools South Africa’s first science and maths no-fee high school to operate in the townships (underdeveloped urban areas), LEAP, aims to give young minds the academic and life skills they need to become future leaders. Founder and executive director, John Gilmour, first opened the LEAP Science and Maths School in the Western Cape Community of Langa in 2004. Now, LEAP has six schools in three of South Africa’s nine provinces (Western Cape, Gauteng and Limpopo). LEAP, which is registered as a non-profit organisation, has several funding partners and also works with government. All of its schools: Require that all students study mathematics, physical science and English. Have an extended school day (9 hours), Saturday classes and formal holiday programmes. Have smaller classes and schools to support accountability and help build relationships. One cannot apply to study at the LEAP Science and Maths Schools as its learners are selected for enrollment based on potential and the will to work hard towards achieving their goals. The pupils are sourced from township-based feeder schools. The school provides highquality education to high school pupils. It now has an average of 95% matric pass rate, and in 2016, the pass rate reached 97%. South Africa does not have enough highly-trained teachers in STEM, so LEAP has the Future Leaders Programme, which aims to enroll 10% of learners from each graduating matric class to study education at a tertiary level. GE’s Graduate Engineering Training Program The General Electric’s Graduate Engineering Training Programme (GETP) aims to create a top quality talent pipeline, which gives newly graduated engineers the opportunity to gain practical experience as they rotate through company functions. The programme, which was launched in 2014, gives new engineers the opportunity to specialise in one of several disciplines, including healthcare and energy (oil and gas). During the selection of participants, GE does not only focus on the cream of the crop, but also identifies candidates who are passionate, dynamic and driven to succeed. The programme allows participants to build technical and professional skills through challenging rotational assignments, projects, and intensive technical as well as professional and leadership skills training. During the first six months of the two-year programme, young engineers rotate through at least two business units in GE before settling on a specialisation. Once a modality has been selected, GETP participants receive intensive training, with both computer-based and instructorled training courses in the USA, China, and India. They also spend time in the field with their mentors managing real-life service activities. The programme has reached several countries on the continent including Egypt, Algeria, Nigeria, Ghana, Cameroon, Ethiopia, Kenya, South Africa, Mozambique, Angola, and Ivory Coast. Digital Nation Africa A tech giant from the United States of America (USA) has teamed up with several partners, including United Nations Development Programme, to equip 25 million people in Africa with IT skills over the next five years. At a cost of million, the cloudbased learning platform aims to empower African citizens, entrepreneurs, and communities with the knowledge and tools to design, develop, and launch their own digital solutions. African Girls STEM Camp The African Girls STEM Camp is a programme run by the Nigeriabased Working to Advance STEM Education for African Women (WAAW) Foundation, to “Increase the pipeline of African women entering into science and technology fields and ensure they are engaged in technology innovation and entrepreneurship to benefit Africa.” The programme is aimed at attracting more African girls between the ages of 13 and 17 from poor economic backgrounds into STEM disciplines. The first of its kind was hosted in 2013 in Lagos, Nigeria, and has since become an annual event. The programme is designed to create opportunity for secondary school girls to explore STEM as well as computer science training through technology-rich demonstrations, classroom presentations, and hands-on activities. Last year, 38 girls from government and public schools in Nigeria got a chance to build renewable energy systems such as solar and wind mills, built small generators, learnt basic computer science concepts and programming, built websites and developed apps amongst other things. The weeklong camp also included science, technology, engineering and mathematics (STEM) career exploration activities, such as panel discussions with local STEM professionals and a field trip to technology companies. Girls from across the continent are encouraged to take part. The non-profit organisation says camps are continually growing in impact. The 2015 African Girls STEM Camp was hosted in both Kenya and Nigeria, and camps are planned for Ghana and South Africa. –

Wednesday, July 5 2017| NEW ERA Inside BUSINESS: CONSUMER NEWS 15 Selma’s transition from cleaner to business owner Staff Reporter Windhoek One Economy Foundation raises N million WINDHOEK The One Economy Foundation on Friday raised N million for the implementation of socio-economic programmes. The foundation strives to serve as a conduit for transformation by connecting Namibia’s formal and informal economies, and serving as a bridge over which Namibians in the “second” economy or operating on the peripheries of the “first” economy can cross and fully utilise their talents in one economy. It was established in May last year by the Office of the First Lady. The foundation held its second annual fundraising dinner in Windhoek on Friday. The money was raised through an auction, pledges and tickets sales. Ninety-seven percent of the funds will be channelled to programmes on entrepreneurship, enterprise development, education, gender-based violence, health and institutional strategic support. The other three percent will be directed to the foundation’s administration and operations. The executive chairperson and founder of the foundation, First Lady Monica Geingos, said Namibians from all walks of life have been contributing to the vision and projects of the foundation. “Despite the current economic climate, the One Economy Foundation will continue to support the cause of bridging the gap between two economies and ensuring this remains sustained,” said Geingos. The fundraiser also served as an opportunity to share information about projects, lessons learned and successes achieved with key stakeholders on the foundation’s journey since its establishment. – Nampa First Lady Monica Geingos Seven years ago entrepreneur Selma Jonas started a tourism business named Namibia Express Travel Tours and Information Centre. Due to capacity constraints, Jonas last year approached Bank Windhoek’s Emerging Small and Medium Enterprises (ESME) branch, with a need to expand her business. Her application was successful and she now employs four people – a full-time driver, two travel consultants and an international consultant based in Scotland. Namibia Express Travel Tours and Information Centre is registered with the Namibia Tourism Board as a booking agent. It offers flight bookings, and free travel information to local and international tourists. Additionally the business sells regional and international holiday packages, car rentals, tours and a variety of tourism related offerings. The story of the sole owner, Jonas, is one of determination. THE BEGINNING Jonas’ story is of humble beginnings. Her career in hospitality and tourism started 23 years ago when she worked at a local hotel during the school holidays. “I started off as a cleaner and Photo: Contributed Mover and shaker… Reservations consultant Kuiina Kangootui (left) and owner of Namibia Express Travel Tours and Information Centre, Selma Jonas. then a waitress. When I eventually matriculated from Academia High School, I was offered a full-time job as a switchboard operator,” said Jonas. She strived for success and was subsequently promoted to banqueting and conference coordinator and later to receptionist. “I enjoyed working, but decided to further my experience. I resigned from the hotel and joined a clothing retail group as branch manager in Keetmanshoop and later Karasburg,” Jonas said. With retail experience under her belt, Jonas joined a chain of tourism companies as a reservations consultant for six years. She became an expert in the field of hospitality, MARKET OVERVIEW travel and tourism. “It is my passion and talent,” she said. CHALLENGES Jonas faced many challenges when she opened her own business in 2010. At the time she lacked financial discipline and proper business planning skills. “I have been a Bank Windhoek customer for the past 23 years. I love the bank’s culture and customer service. Since I approached the ESME branch, my business has grown tremendously. I am psychologically and financially matured due to the advice I received from the ESME team,” said Jonas. According to Jonas, obtaining finance is one of the major challenges SMEs face. “My experience, as the owner of an SME, is that most of us suffer silently because we are scared to fail. We do not want to approach the banks and we also do not have our documents in order,” said Jonas. “Jonas had already invested her own money in the business and showed that she had financial discipline,” said Mbo Luvindao, branch manager: Bank Windhoek ESME. The ESME branch caters specifically for entrepreneurs that can contribute positively to the country’s economy. Entrepreneurs are provided with access to Bank Windhoek ESME branch, which offers a comprehensive range of products tailored to individual business needs. “Jonas’ experience in the travel and tourism industry spans 18 years and Bank Windhoek assisted her business with capacity development through financing the business’ growth,” said Luvindao. “I am sincerely grateful to Bank Windhoek’s ESME branch. The bank gave me a chance to grow my business. Bank Windhoek is not just a bank, it’s my Namibian business partner,” said Jonas. “My advice to entrepreneurs is that they should stand up and approach financial institutions,” she said. Jonas added that business people should know that it is only through good financial discipline and ethics that a business can succeed. Money Market Change Latest Selected NSX Stock 3 months 0.00% 7.35% Symbol Stock Name Spot % Move 6 months 0.01% 7.83% CGP CAPRICORN INVESTMENT GROUP 1809 8.24% 9 months 0.00% 8.02% NBS NAMIBIA BREWERIES LTD 3331 0.00% 12 months 0.01% 8.25% BVN BIDVEST NAMIBIA LTD 786 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4711 0.00% GC17 (R203 : 7.39%) -0.02% 8.06% ORY ORYX PROPERTIES LTD 2072 0.00% GC18 (R204 : 7.52%) -0.03% 8.43% NAM NAMIBIAN ASSET MANAGEMENT 72 0.00% GC21 (R208 : 7.76%) -0.03% 8.58% NHL NICTUS NAMIBIA 200 0.00% GC24 (R186 : 8.78%) -0.03% 10.00% BMN BANNERMAN RESOURCES LTD 30 7.14% GC27 (R186 : 8.78%) -0.03% 10.39% DYL DEEP YELLOW LTD 306 2.00% GC30 (R2030 : 9.3%) -0.03% 10.97% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC32 (R213 : 9.38%) -0.04% 11.09% FSY FORSYS METALS CORP 131 0.77% GC35 (R209 : 9.65%) -0.04% 11.08% TUC TRUSTCO GROUP HOLDINGS LTD 464 0.00% Commodities %Change Latest B2G B2GOLD CORP 3704 0.82% Gold 0.41% $ 1,225.22 Platinum 0.64% $ 911.62 Copper 0.00% $ 5,928.00 Brent Crude -0.02% $ 49.09 Main Indices %Change Latest NSX (Delayed) -0.57% 1019.65 JSE All Share -0.16% 52,081.55 SP500 0.23% 2,429.01 FTSE 100 -0.08% 7,371.53 Hangseng -1.53% 25,389.01 DAX -0.25% 12,444.22 JSE Sectors %Change Latest Financials 0.76% 14,668.70 Resources 0.85% 31,189.82 Industrials -1.06% 70,554.35 Forex %Change Latest N$/US dollar 0.17% 13.2324 N$/Pound 0.05% 17.1090 N$/Euro 0.00% 15.0126 US dollar/ Euro -0.17% 1.1345 Namibia Monthly Data Latest Previous Namibia Inflation (May 17) 6.3 6.7 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 4-Jul-17

New Era

New Era Newspaper Vol 22 No 167