FirstRand, PetroFund partner to build oil and gas workforce
STAFF REPORTER
The Petroleum Training and Education Fund (PetroFund) and FirstRand Namibia, encompassing RMB Namibia, FNB Business and FNB Retail, signed a Memorandum of Understanding (MOU) during the Namibia Oil and Gas Conference this week.
Conrad Dempsey, CEO of FirstRand Namibia, said the partnership will help develop in-country resources necessary to support Namibia’s nascent oil and gas industry.
“We recognise that the real value of Namibia’s oil and gas opportunity lies not only in resources, but in people. This partnership with PetroFund reflects our long-term commitment to developing local capacity by supporting skills development, strengthening local suppliers and helping to retain in-country value. We are proud to contribute to building a future where Namibians are equipped to lead in their own energy story,” said Dempsey.
Paving the way
For her part, PetroFund CEO, Nillian Mulemi, said the agreement paved the way for Namibia to build a skilled and competent workforce for the future oil and gas industry in Namibia.
“This partnership with FirstRand Namibia is a significant milestone in our mission to build a skilled and competitive Namibian workforce in Namibia’s petroleum industry. What stands out is not just the local financial institution’s traditional role of safeguarding wealth through innovating solutions, but FirstRand Namibia and its partners’ encompassing RMB Namibia, FNB Business and FNB Retail’s bold commitment to extend financial support to only develop the sector’s workforce through education and training but also developing local suppliers as key pillars for retaining the wealth of the sector in the country,” Mulemi said.
“Together, we are creating pathways for Namibians to participate in and benefit from this economy-transforming industry meaningfully,” she added.
The agreement, underpinned by the Oil and Gas SteerCo’s in-principle approval for a co-sponsorship package totalling N$1 million, is structured as N$500 000 annually over two years.
The Petroleum Training and Education Fund (PetroFund) and FirstRand Namibia, encompassing RMB Namibia, FNB Business and FNB Retail, signed a Memorandum of Understanding (MOU) during the Namibia Oil and Gas Conference this week.
Conrad Dempsey, CEO of FirstRand Namibia, said the partnership will help develop in-country resources necessary to support Namibia’s nascent oil and gas industry.
“We recognise that the real value of Namibia’s oil and gas opportunity lies not only in resources, but in people. This partnership with PetroFund reflects our long-term commitment to developing local capacity by supporting skills development, strengthening local suppliers and helping to retain in-country value. We are proud to contribute to building a future where Namibians are equipped to lead in their own energy story,” said Dempsey.
Paving the way
For her part, PetroFund CEO, Nillian Mulemi, said the agreement paved the way for Namibia to build a skilled and competent workforce for the future oil and gas industry in Namibia.
“This partnership with FirstRand Namibia is a significant milestone in our mission to build a skilled and competitive Namibian workforce in Namibia’s petroleum industry. What stands out is not just the local financial institution’s traditional role of safeguarding wealth through innovating solutions, but FirstRand Namibia and its partners’ encompassing RMB Namibia, FNB Business and FNB Retail’s bold commitment to extend financial support to only develop the sector’s workforce through education and training but also developing local suppliers as key pillars for retaining the wealth of the sector in the country,” Mulemi said.
“Together, we are creating pathways for Namibians to participate in and benefit from this economy-transforming industry meaningfully,” she added.
The agreement, underpinned by the Oil and Gas SteerCo’s in-principle approval for a co-sponsorship package totalling N$1 million, is structured as N$500 000 annually over two years.
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