Ino Harith Capital Investment says it has completed Phase 1 of the Oshana and Walvis Bay Gymnasium project, surpassing an estimated cost of over N$200 million.
The state-of-the-art Oshana Gymnasium, specifically designed for Grade 0 to Grade 5 learners in its initial phase, marks a significant milestone in the enhancement of Namibian education infrastructure.
Owned by Curro Namibia, a subsidiary of the Johannesburg Stock Exchange-listed company, Curro Holdings, Gymnasium represents a commitment to providing top-tier education in Namibia. Ferdinand Nghiyolwa, Director of Business Development at Ino Harith Capital, an unlisted investment manager, told The Brief that the construction phase was completed in just eight months.
Ino Harith Capital invested approximately N$100 million as part of its first Social Infrastructure Investment, aiming to elevate the quality of education for Namibian children while ensuring a healthy return to the Namibia Infrastructure Fund (NIF) and Government Institutions Pension Fund (GIPF).
Prosperity Education Namibia spearheaded the construction of the school, and Nghiyolwa hinted at upcoming expansions.
“Plans include constructing a hostel and introducing Grade 8 end of this year and grade 9 next year. We have a phased approach with subsequent grades to follow in the coming academic years,” he said.
The Oshana Gymnasium, slated to open its doors in January 2024, boasts modern sports facilities and anticipates an initial intake of 200 to 250 learners. The school is set to implement the esteemed Cambridge curriculum, fostering a conducive learning environment that emphasizes personalized attention and a love for learning. Extracurricular activities, including choir and athletics, will complement the academic focus, creating a holistic educational experience.
Curro Namibia Gymnasium’s expansion plans extend beyond Oshana, with upcoming facilities in Ongwediva and Walvis Bay. This ambitious initiative follows the securing of N$72.9 million in funding from the Development Bank of Namibia, reaffirming the commitment to providing quality education across the nation.
While Gymnasium is renowned for offering high-quality education, it is acknowledged that the cost may pose a challenge for some families.
