From New Era

Standard Bank Namibia has handed over a total of N$210 000 to the Business Literacy Project, which is an initiative of the Youth Entrepreneurship Seminars Trust (YES Trust).

“This is the eighth consecutive year that we are involved in such a worthy cause aimed at equipping our youth with essential business financial literacy,” explained Surihe Gaomas-Guchu, PR and Communications Manager of Standard Bank Namibia at a press conference in Windhoek on Thursday.

The Trust seeks to empower Namibian youth with basic business financial literacy, providing them with practical business experience through simulation. This is a simulation that requires them to think and take the necessary financial decisions that will lead to the success or the failure of the business.

“Through a project like this we would love to see many Namibian youngsters making informed financial decisions. This initiative also ties in well with government’s Financial Literacy Initiative of which Standard Bank Namibia is also a member. Standard Bank Namibia believes that educating our youngsters in business literacy will lead to a more productive workforce, decreased unemployment and a fruitful economy,” said Gaomas-Guchu.

In response the chairman of YES Trust Anton du Preez expressed gratitude for Standard Bank’s contribution saying that the project is fast gaining momentum by benefitting approximately 1 500 learners.

Read more at New Era