Africa-Press – Namibia. WINDHOEK-based Amazing Kids Private School founder Emma Kakona is back as managing director of the school five months after she was suspended over a power dispute.
WINDHOEK-based Amazing Kids Private School founder Emma Kakona is back as managing director of the school five months after she was suspended over a power dispute.
Kakona was replaced by former Social Security Commission chief executive officer Kenandei Tjivikua who took over the school in March as acting managing director.
“Yes, I am [back]. Amazing Kids is back on track for top quality holistic education,” she told The Namibian yesterday.
Kakona returned to work this month and is now distancing the school from the controversy involving money from the Government Institutions Pension Fund’s (GIPF).
The state-owned pension fund pumped N$10 million into Amazing Kids Private School in 2020 to build a campus in northern Namibia.
The Namibian last week reported that the construction of the northern branch was never finalised and the money was allegedly diverted into another bank account.
The GIPF made the investment through the Namibia Mid-Cap Fund, which is managed by Myrtle Growth Capital, previously known as Musa Capital Namibia.
As a result, Myrtle Growth Capital ran the affairs of the school.
Kakona and the school management last week issued a statement after that article, distancing themselves from the transaction.
“Amazing Kids Private School would like to make it known and distance itself from this matter between the GIPF, Namibia Mid-Cap Fund and Myrtle Growth Capital, that have nothing to do with the day-to-day management and operations of the school,” they said in the statement.
Kakona yesterday said: “The fight between the entities mentioned does not affect the operations of the school.”
She said the publicity is negative and parents like stability, hence the need to distance the school from the issue.
“The money was meant for Amazing Kids, but was not used for the purpose as per your publication. When the issue is being publicised it should be about Namibia Mid-Cap Fund and Myrtle Growth Capital, and not Amazing Kids,” she said.
The power struggles at Amazing Kids Private School reached boiling point when Kakona, the founding owner and de facto administrative boss of the Windhoek-based school, was placed on special leave in March.
Kakona and the school’s management said the GIPF matter does not affect the daily operations of the school.
“Amazing Kids Private School will continue to provide top-quality education in a loving and pupil-friendly environment,” she said.
GIPF chief executive officer David Nuyoma in June told The Namibian the fund has requested the Namibia Mid-Cap Fund to demand ‘unutilised’ money from Myrtle Growth Capital.
“As per the provisions of our contracts with Namibia Mid-Cap Trust Fund, funds that are not utilised for the envisaged investments due to factors such as delays of projects must be returned to the GIPF,” he said.
Kakona was replaced by former Social Security Commission chief executive officer Kenandei Tjivikua who took over the school in March as acting managing director.
“Yes, I am [back]. Amazing Kids is back on track for top quality holistic education,” she told The Namibian yesterday.
Kakona returned to work this month and is now distancing the school from the controversy involving money from the Government Institutions Pension Fund’s (GIPF).
The state-owned pension fund pumped N$10 million into Amazing Kids Private School in 2020 to build a campus in northern Namibia.
The Namibian last week reported that the construction of the northern branch was never finalised and the money was allegedly diverted into another bank account.
The GIPF made the investment through the Namibia Mid-Cap Fund, which is managed by Myrtle Growth Capital, previously known as Musa Capital Namibia.
As a result, Myrtle Growth Capital ran the affairs of the school.
Kakona and the school management last week issued a statement after that article, distancing themselves from the transaction.
“Amazing Kids Private School would like to make it known and distance itself from this matter between the GIPF, Namibia Mid-Cap Fund and Myrtle Growth Capital, that have nothing to do with the day-to-day management and operations of the school,” they said in the statement.
Kakona yesterday said: “The fight between the entities mentioned does not affect the operations of the school.”
She said the publicity is negative and parents like stability, hence the need to distance the school from the issue.
“The money was meant for Amazing Kids, but was not used for the purpose as per your publication. When the issue is being publicised it should be about Namibia Mid-Cap Fund and Myrtle Growth Capital, and not Amazing Kids,” she said.
The power struggles at Amazing Kids Private School reached boiling point when Kakona, the founding owner and de facto administrative boss of the Windhoek-based school, was placed on special leave in March.
Kakona and the school’s management said the GIPF matter does not affect the daily operations of the school.
“Amazing Kids Private School will continue to provide top-quality education in a loving and pupil-friendly environment,” she said.
GIPF chief executive officer David Nuyoma in June told The Namibian the fund has requested the Namibia Mid-Cap Fund to demand ‘unutilised’ money from Myrtle Growth Capital.
“As per the provisions of our contracts with Namibia Mid-Cap Trust Fund, funds that are not utilised for the envisaged investments due to factors such as delays of projects must be returned to the GIPF,” he said.
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