Higher Education ministry has introduced a Student Entrepreneurs Programme (SEP) to encourage learners who are business oriented to become potential entrepreneurs and to decrease the Unemployment rate in Namibia the Villager has learnt.
According to higher education minister Itah Kandjii-Murangi, SEP is a Harambee initiative aimed at strengthening and optimising the link between tertiary education institutions and the industry for the benefit of students and student leaders particularly those who are passionate and talented about business student entrepreneurs.
She also mentioned that, “There are students at our tertiary institutions who are passionate about business or have business dreams that have stuck with them for years and do not know how to develop and realise them. These are the student entrepreneurs that need to be exposed to the intricacies of entrepreneurship and business acumen whilst at VTC’s and universities.”
The Programme which also aim tounlock student entrepreneurs talent and creativity to focus, refine, enrich and realise student ideas will be directed to exploring possible regional economic growth opportunities and properly locating their business ventures. “SEP is further aimed at facilitating the transition of student entrepreneurs to business owners upon graduation and through the programme we hope to eventually narrow the gap between tertiary education and the demands of the labour market,” said Murangi.
With The Unemployment rate growing in Namibia mostly the youth, The Minister encourages companies at stakeholders to come on board to assist the Government with the Student Entrepreneurs programme as the initiative also aim to supply students who succeed in this specific programme with starting capital to kick start their businesses.
One would agree that this move will indeed enhance skills development in the country and create a hardworking environment amongst the young graduates in the country as many students’ Namibian youth aspires to start their own businesses rather than being em ployed by someone else. When asked how much is needed to carry out SEP, higher education deputy Becky Ndjoze-Ojo said, “we don’t need a specific amount but we invite and encourage companies to come on board with their donations to this wonderful initiative that would decrease the unemployment rate in Namibia and contribute to the country’s economy, just like the Development Bank of Namibia who showed their interest in the Programme.”
She also confirmed that the SEP will also give a certain start-up fee to those who work hard to start their businesses and grow their business to become successful in the new future. Drifting off the Minister’s prepared speech, Murangi said that, The Ministry has created this platform, however it is the tertiary institutions willingness to set aside space for SEP activities at their campuses that will hasten the process of realizing this initiative. Adding that, “Industry’s participation through required expert mentors, coaches, managers to offer job-shadowing and entrepreneurship educators is key to realize the Principal goal of empowering student-entrepreneurs for business life. It is equally important that students take time to know their interest and passion well, what they want to do in life and be truthful to themselves.”
She further highlighted that, “The Programme is beneficial to any student who has more than a business idea, therefore SEP does not say that all students will become entrepreneurs but is strictly targeting those who are business oriented and eager to become self-employed after graduation.
In Addition, Research shows that, unemployment rate in Namibian has become a big threat to the countries peace, stability and tranquillity with many school dropouts increasing ever year which [roves that persistent unemployment among the youth and women has also in the past led to social evils such as the high rate of crime and HIV/AIDS because youths involve themselves in house breaking, armed robberies and money laundering activities. However, in 2013, the World Bank further indicated that the unemployment rate in Namibia was at 29.7%.