Capricorn Foundation Invests N$1 Million in Job Creation for Young School Graduates

In response to the persistently high unemployment rate among young people in Namibia, the Capricorn Foundation has pledged to invest N$1 million in Bank Windhoek's Young Talent Programme. The funds are earmarked for The Capricorn Academy for School Leavers, a new initiative under Bank Windhoek's overarching Young Talent Programme. The Capricorn Academy for School Leavers aims to address the pressing issue of youth unemployment by providing training and employment opportunities for promising young Namibians.

According to statistics, the youth unemployment rate in Namibia remained around 38.41% in 2023 compared to the previous year, 2022. Recognising the urgency of this national challenge, the Capricorn Foundation has committed to funding The Capricorn Academy for School Leavers.

The Capricorn Academy for School Leavers offers ten graduates from the Grade 12 Class of 2023 the opportunity to join Bank Windhoek for an 18-month comprehensive training and job placement program. During this period, participants will receive training across various banking disciplines, learn from professionals in Windhoek, and subsequently be placed at selected Bank Windhoek branches nationwide. Positions are available at the following Bank Windhoek branches: Aranos, Karasburg, Oranjemund, Luderitz, Opuwo, Oshifo, Katima Mulilo, Mariental, and Ondangwa.

"The Capricorn Academy for School Leavers aims to equip and empower young school leavers with the necessary skills and experiences to build successful careers," said Marlize Horn, Executive Officer of the Capricorn Foundation. "Through this initiative, we hope to contribute to reducing youth unemployment and fostering economic empowerment among Namibia's youth."

The programme is open to graduates who obtained their Grade 12 certification in 2023 and meet the following qualifying criteria:

  • Grade 12 with 25 points
  • Must have taken commercial subjects such as Mathematics, Accounting, Business Economics, Economics, Business Studies, or Entrepreneurship.

Applicants who meet the criteria are encouraged to apply at their nearest Bank Windhoek Branch or download the application form from the Bank Windhoek website. The deadline for applications is 15 May 2024.

Completed application forms should be sent to

For more information about The Capricorn Academy for School Leavers and the application process, please get in touch with Roselyn Ouses at +26461 299 1687 or visit

About Capricorn Foundation:

The Capricorn Foundation is a non-profit association incorporated under Section 21 of Namibia's Company Act and a registered Welfare Organisation (WO499). It is funded by Capricorn Group's Namibian subsidiaries, Bank Windhoek, Capricorn Asset Management and Entrepo, and is the main driver of the Group's Corporate Social Responsibility. Capricorn Foundation is dedicated to positively impacting communities across Namibia, focusing on education, healthcare, and social welfare initiatives.


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