Bank of Namibia Undergraduate Bursary Scheme for 2025-26
- Omran Aburayya
- 4 days ago
- 4 min read
Updated: 3 days ago
If you are a Namibian student and you’re seeking financial support for your undergraduate studies, the Bank of Namibia Undergraduate Bursary Scheme for 2025-26 is now open for applications. This bursary is intended for bright, hardworking youth who might not otherwise be able to afford tertiary education and whose academic interests align with national development needs and the Bank’s mission.
Below is a full guide to the 2025-26 Bank of Namibia Undergraduate Bursary.
🎓 Scholarship Summary
Location: Namibia (or SADC region)
Host Institution: Recognised university in Namibia or a SADC country
Study Level: Undergraduate (Bachelor’s)
Target Group: Namibian citizens (school leavers or current tertiary students)
Fields of Study: See Below
Award Value & Coverage: The sponsorship can include cost of registration, tuition, accommodation, books, travel and living related cost for the duration of studies. Successful candidates will be required to enter into a contract with the Bank of Namibia before commencement of studies
Award Duration: Duration of the undergraduate programme (conditional on academic progress)
Application Deadline: 31 October 2025
Start Date: Corresponds with the next academic year intake at the selected university
👩🏻💻 Bursary Overview
Since 2002, the Bank of Namibia has been awarding bursaries to Namibian youth who, after completing matric (Grade 12), wish to pursue further studies but lack the financial means. This is part of the Bank’s broader commitment to investing in human capital and supporting national socio-economic development.
The bursaries are merit-based and aim to align with the Bank’s mission by supporting fields of study that help fill skills gaps in Namibia’s economy.
Insights 👌🏻
The bursary is undergraduate, meaning students will be enrolled in a full Bachelor’s degree program at a recognized institution in Namibia or in the SADC region.
Students already enrolled in tertiary institutions may apply too, provided they submit an academic progress report.
The Bank, through the selection process, may conduct shortlisting, means testing, interviews, and only then issue a conditional bursary offer.
The final bursary is contingent upon the applicant’s final Grade 12 results (if a school leaver) and proof of acceptance (or registration) in the relevant undergraduate program.
📚 Eligible Study Programs / Majors
The Bank of Namibia Undergraduate Bursary is particularly targeted toward specific fields, to ensure alignment with national development and banking / economic priorities. The eligible programmes are:
Economics, especially with specialization in Financial Econometrics
Mathematical Sciences, including Financial Mathematics or Mathematical Economics
Data Science / Data Analytics
Industrial Engineering
Education, with specialization in Mathematics or Sciences
Artificial Intelligence
Management Information Systems
🎁 What It Covers
The sponsorship amongst others can include cost of registration, tuition, accommodation, books, travel and living related cost for the duration of studies. Successful candidates will be required to enter into a contract with the Bank of Namibia before commencement of studies.
✅ Eligibility Criteria
To qualify for the Bank of Namibia Undergraduate Bursary, applicants must satisfy:
Namibian Citizenship
Excellent Academic Performance
School Leavers (Grade 12 in 2024 or 2025) or current tertiary student in any year (with academic progress report)
Be applying (or enrolled) in one of the preferred fields of study listed above
Must submit proof of acceptance or registration at a recognized university (in Namibia or within SADC)
Final bursary offers are conditional on the final Grade 12 results (for school leavers) and verification of academic records
Undergo means test, interviews, and must pass the Bank’s internal selection criteria
The Bank’s decision is final and authority is vested solely with the Bank of Namibia
📝 Application Procedure
Visit the Bank of Namibia’s official bursary portal (BoN Undergraduate Bursaries page)
Fill out the application form and submit it before the closing date (31 October 2025) - or request the form through email: bursaries@bon.com.na
Wait for acknowledgement/notification that your application has been received
If shortlisted, proceed to means test and interview
If successful, you may receive a preliminary offer, subject to meeting final conditions (Grade 12 results, proof of registration)
🗂️ Documents Required
Applicants should generally prepare the following:
Certified copy of Namibian national ID or citizenship proof
Certified copies of Grade 12 results (or results to date if still in school)
For current tertiary students: academic transcripts / progress reports
Proof of acceptance or provisional registration at a recognized university in Namibia or SADC
Motivation / cover letter expressing your interest, academic goals, and financial need
Curriculum Vitae (CV) / resume
Proof of household income or financial statements (for means test)
Any other supporting documents as requested (e.g. reference letters)
ℹ️ Always check the bank’s official application instructions in case they request additional or alternative documents.
Inquiries can be directed to bursaries@bon.com.na
💡Tips & Extra Notes
In 2025, the Bank handed over bursaries to 10 students across fields including economics and industrial engineering.
In past cycles, the Bank emphasized selection from disadvantaged communities, regional representation, and parent/guardian financial circumstances.
The Bank has in some cases collaborated with other institutions (e.g. Deutsche Bundesbank) for special bursary offers related to central banking programs abroad.
Always submit early and confirm receipt, as late applications are typically not accepted
Ensure you meet all minimum eligibility conditions before applying, and keep copies of everything submitted
