Central bank’s science, technology, engineering, arts, mathematics programme reaches 480 pupils across eight schools – Namibian

The Bank of Namibia (BoN) says it has successfully implemented its science, technology, engineering, arts and mathematics (Steam) programme in eight secondary schools, benefiting 480 pupils.

BoN deputy governor Leonie Dunn on Thursday emphasised the programme’s role in fostering innovation among Namibian youth, handing over bursaries to 10 pupils.

“Since the inception of this programme, the bank has successfully implemented our Steam programme in eight secondary schools across different regions of our country. A total of 480 pupils have benefited from these much-needed future-fit skills,” she said.

Dunn said the programme has led to practical innovations by pupils, addressing real-world challenges.

“The most remarkable innovation I have seen was from a pupil in the south who designed a concept to detect food contamination, helping prevent poisoning in her community. Another pupils developed an automated door-locking mechanism to address security concerns and extreme cold affecting homeless individuals,” Dunn noted.

The initiative prioritises rural and underserved communities, ensuring equitable access to digital literacy and technology.

“In urban areas, children have access to robotics and coding programmes. But if I am a pupil in a remote village like Kurunkuru, how do I access these opportunities? The Bank of Namibia’s Steam project ensures that rural pupils are not left behind in the digital revolution,” she stated.

BoN has partnered with key stakeholders, including the Ministry of Education, Arts and Culture, Minds in Action and Eduvision Namibia, to expand the programme reach.

“Technology is evolving rapidly, and while school curricula cannot change overnight, financial sector players like us must step in to bridge these gaps. That is why the Bank of Namibia is working closely with the ministry of education to enhance the curriculum with practical, future-focused learning,” Dunn said.

The programme aligns with the bank’s broader goal of preparing the Namibian workforce for a knowledge-based economy.

“As we transition into what I call the ‘Fifth Industrial Revolution’, Namibia’s economic future depends on a workforce that is technologically adept and ready to compete on a global scale,” she said.

Calling for broader collaboration, Dunn urged financial institutions to support the initiative.

“We have reached 480 pupils, but how many more need this opportunity? There are over 900 000 school-going children in Namibia. Imagine if more commercial banks and strategic partners joined this initiative, how many more young minds could we empower?” she asked.