{"id":27955,"date":"2022-08-18T15:55:22","date_gmt":"2022-08-18T15:55:22","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga"},"modified":"2022-08-18T16:22:34","modified_gmt":"2022-08-18T16:22:34","slug":"amazing-kids-distances-itself-from-gipfs-n7m-saga","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga","title":{"rendered":"Amazing Kids distances itself from GIPF’s N$7m saga"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>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.<\/p>\n

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.<\/p>\n

Kakona was replaced by former Social Security Commission chief executive officer Kenandei Tjivikua who took over the school in March as acting managing director.<\/p>\n

\u201cYes, I am [back]. Amazing Kids is back on track for top quality holistic education,\u201d she told The Namibian yesterday.<\/p>\n

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).<\/p>\n

The state-owned pension fund pumped N$10 million into Amazing Kids Private School in 2020 to build a campus in northern Namibia.<\/p>\n

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.<\/p>\n

The GIPF made the investment through the Namibia Mid-Cap Fund, which is managed by Myrtle Growth Capital, previously known as Musa Capital Namibia.<\/p>\n

As a result, Myrtle Growth Capital ran the affairs of the school.<\/p>\n

Kakona and the school management last week issued a statement after that article, distancing themselves from the transaction.<\/p>\n

\u201cAmazing 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,\u201d they said in the statement.<\/p>\n

Kakona yesterday said: \u201cThe fight between the entities mentioned does not affect the operations of the school.\u201d<\/p>\n

She said the publicity is negative and parents like stability, hence the need to distance the school from the issue.<\/p>\n

\u201cThe 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,\u201d she said.<\/p>\n

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.<\/p>\n

Kakona and the school’s management said the GIPF matter does not affect the daily operations of the school.<\/p>\n

\u201cAmazing Kids Private School will continue to provide top-quality education in a loving and pupil-friendly environment,\u201d she said.<\/p>\n

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.<\/p>\n

\u201cAs 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,\u201d he said.<\/p>\n

Kakona was replaced by former Social Security Commission chief executive officer Kenandei Tjivikua who took over the school in March as acting managing director.<\/p>\n

\u201cYes, I am [back]. Amazing Kids is back on track for top quality holistic education,\u201d she told The Namibian yesterday.<\/p>\n

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).<\/p>\n

The state-owned pension fund pumped N$10 million into Amazing Kids Private School in 2020 to build a campus in northern Namibia.<\/p>\n

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.<\/p>\n

The GIPF made the investment through the Namibia Mid-Cap Fund, which is managed by Myrtle Growth Capital, previously known as Musa Capital Namibia.<\/p>\n

As a result, Myrtle Growth Capital ran the affairs of the school.<\/p>\n

Kakona and the school management last week issued a statement after that article, distancing themselves from the transaction.<\/p>\n

\u201cAmazing 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,\u201d they said in the statement.<\/p>\n

Kakona yesterday said: \u201cThe fight between the entities mentioned does not affect the operations of the school.\u201d<\/p>\n

She said the publicity is negative and parents like stability, hence the need to distance the school from the issue.<\/p>\n

\u201cThe 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,\u201d she said.<\/p>\n

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.<\/p>\n

Kakona and the school’s management said the GIPF matter does not affect the daily operations of the school.<\/p>\n

\u201cAmazing Kids Private School will continue to provide top-quality education in a loving and pupil-friendly environment,\u201d she said.<\/p>\n

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.<\/p>\n

\u201cAs 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,\u201d he said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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. […]<\/p>\n","protected":false},"author":84,"featured_media":27954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[234,236,233],"class_list":["post-27955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nAmazing Kids distances itself from GIPF's N$7m saga - Namibia<\/title>\n<meta name=\"description\" content=\"WINDHOEK-based Amazing Kids Private School founder Emma Kakona is back as managing director of the school five months af ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazing Kids distances itself from GIPF's N$7m saga\" \/>\n<meta property=\"og:description\" content=\"WINDHOEK-based Amazing Kids Private School founder Emma Kakona is back as managing director of the school five months af ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-18T15:55:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-18T16:22:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/08\/postQueueImg_35.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Amazing Kids distances itself from GIPF’s N$7m saga\",\"datePublished\":\"2022-08-18T15:55:22+00:00\",\"dateModified\":\"2022-08-18T16:22:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga\"},\"wordCount\":920,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/08\/postQueueImg_35.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/amazing-kids-distances-itself-from-gipfs-n7m-saga\",\"name\":\"Amazing Kids distances itself from GIPF's N$7m saga - 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