{"id":47806,"date":"2023-06-24T15:35:00","date_gmt":"2023-06-24T15:35:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted"},"modified":"2023-06-24T15:36:52","modified_gmt":"2023-06-24T15:36:52","slug":"oshana-gymnasium-highly-boosted","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted","title":{"rendered":"Oshana Gymnasium highly boosted"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>THE Oshana Gymnasium Private School, being constructed by Prosperity Education Namibia in collaboration with Curro Group Select School and Ino Harith Capital, is expected to be completed in 8 years.<\/p>\n<p>The Development Bank of Namibia will provide funding for the project.<\/p>\n<p>Fillemon Iyambo, the Managing Director of Ino Harith, announced that they have made an investment of N$104 million towards the establishment of the school.<\/p>\n<p>Iyambo made these remarks during the groundbreaking ceremony of the Oshana Gymnasium Private School on Tuesday.<\/p>\n<p>He said that as a company, they focus on impact investment to uplift people.<\/p>\n<p>\u201cIt is always our mission to contribute to the country\u2019s development, which is why this investment is aimed at achieving that goal,\u201d he said.<\/p>\n<p>Iyambo added that the company invests in all commercially viable infrastructure industries, excluding pure mining and agriculture sectors.<\/p>\n<p>Martin Iinkumbi, CEO of the Development Bank of Namibia, mentioned that the bank is dedicated to financing successful social enterprises.<\/p>\n<p>\u201cIts past accomplishments include building schools, hospitals, and recycling programs that are beneficial for the environment,\u201d he said.<\/p>\n<p>Therefore, the bank is investing N$72.9 million in this initiative over a long period of time, with an interest rate of 10.2%. The terms (interest holiday and capital holiday) are designed to ensure the long-term viability of the school. However, it is crucial that the loan be fully repaid, along with interest.<\/p>\n<p>He emphasized that the bank is focused on expansion rather than profit.<\/p>\n<p>According to Iinkumbi, the money generated from this investment will be used to repay bondholders, for whom the bank acts as a conduit for investments, and to expand the fund that the bank uses to lend to other businesses and infrastructure projects.<\/p>\n<p>\u201cThe Curro Group has established itself as a long-lasting company with significant social value,\u201d he added.<\/p>\n<p>In addition to the creation of 160 jobs, Iinkumbi said that the bank believes the Oshana Gymnasium Private School will be sustainable and make a significant contribution to Oshana by providing opportunities for local and national SMEs to meet the needs of Oshana Gymnasium.<\/p>\n<p>VIDEO: Groundbreaking of the Oshana Gymnasium Private School. Video: Maria David<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. THE Oshana Gymnasium Private School, being constructed by Prosperity Education Namibia in collaboration with Curro Group Select School and Ino Harith Capital, is expected to be completed in 8 years. The Development Bank of Namibia will provide funding for the project. Fillemon Iyambo, the Managing Director of Ino Harith, announced that they [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-47806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oshana Gymnasium highly boosted - Namibia<\/title>\n<meta name=\"description\" content=\"THE Oshana Gymnasium Private School, being constructed by Prosperity Education Namibia in collaboration with Curro Group ...\" \/>\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\/oshana-gymnasium-highly-boosted\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oshana Gymnasium highly boosted\" \/>\n<meta property=\"og:description\" content=\"THE Oshana Gymnasium Private School, being constructed by Prosperity Education Namibia in collaboration with Curro Group ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted\" \/>\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=\"2023-06-24T15:35:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-24T15:36:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/06\/sm_1687608378.376372.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\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=\"2 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\/oshana-gymnasium-highly-boosted#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oshana Gymnasium highly boosted\",\"datePublished\":\"2023-06-24T15:35:00+00:00\",\"dateModified\":\"2023-06-24T15:36:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted\"},\"wordCount\":366,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/06\/sm_1687608378.376372.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/oshana-gymnasium-highly-boosted\",\"name\":\"Oshana Gymnasium highly boosted - 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