Launch of First Bloomberg Finance Lab at NUST: A Milestone for Namibia

The Namibia University of Science and Technology has officially launched the first Bloomberg Finance Lab in partnership with MTC and the Namibia Investment and Finance Academy. This initiative is designed to empower youth and small enterprises while bridging the gap between academic theory and practical application in finance. Key stakeholders praised its potential to drive economic transformation and foster financial literacy.

The Namibia University of Science and Technology (Nust), in collaboration with Mobile Telecommunications Limited (MTC) and the Namibia Investment and Finance Academy, inaugurated the first Bloomberg Finance Lab at Nust. This significant initiative was launched on Tuesday, signifying a critical advancement for the institution and the financial sector in Namibia.

Emma Kantema-Goamas, the Deputy Minister of Sport, Youth and National Service, emphasized the lab’s vital role in shaping future financial professionals in Namibia. She stated that, “This lab will serve as a cornerstone for empowering youth, SMEs, and the next generation of investment leaders, enhancing their ability to access funding, manage risk, and build sustainable enterprises that drive economic transformation.”

Nust Vice Chancellor Erold Naomab expressed his pride in this venture, noting the lab’s alignment with the university’s goal to produce well-equipped graduates. He remarked, “The Bloomberg Finance Lab will bridge the gap between theoretical learning and real-world application, ensuring our graduates are competitive on a global scale.”

Thinus Smit, Chief Financial Officer of MTC, highlighted the lab’s dual function as an academic resource and industry catalyst, promoting financial inclusion, fintech innovation, and investment literacy across various sectors. He commented, “This collaboration speaks to the importance of digital transformation in shaping Namibia’s financial sector.”

In conclusion, the establishment of the Bloomberg Finance Lab at the Namibia University of Science and Technology marks a significant development in enhancing Namibia’s financial education and professional training. By integrating academic and practical financial learning, the lab is poised to empower young professionals, promote financial inclusion, and support the overall economic growth of Namibia.

Original Source: www.namibian.com.na