The Namibia University of Science and Technology (NUST) has introduced a new Bachelor of Actuarial Science Honours programme - a first for Namibia.
The programme is designed for highly motivated students with strong analytical abilities who wish to build a solid foundation in Actuarial Science , Statistics, Finance and Risk Management.
Actuarial science is a discipline that uses maths, statistics, finance, and economics to analyse and manage financial risk and uncertainty, helping businesses and clients make informed decisions about potential future events.
The course will enable those who take part to obtain employment as risk analysts, data analysts or investment analysts, among others.
Head of Department in Actuarial Science at NUST, Dr David Iiyambo, says although there has been a delay regarding the acquisition of accreditations, as of 2026, students have already started enrolling for the four-year honours course.
"We needed to ensure the relevance of our curriculum. We needed to ensure alignment of our curriculum with professional standards. And we also needed to ensure that our curriculum is responsive to Namibia's labour market needs. And therefore, the programme has what we call a programme advisory committee. And it is composed of individuals from our industry partners. And as such, they provided input into the curriculum. And as such, we also benchmarked with institutions that are offering similar programmes."
Dr Iiyambo stated that to participate, potential students are required to have at least 18 points in their top 3 subjects, including English and mathematics.
They will be required to have an A symbol for grade 11s or at least a D symbol at AS level.
He added that spaces are limited and only the best candidates will be selected.
Dr Iiyambo explained, " This is a highly demanding course. The spaces are limited, and therefore they will take the very best. So meeting the requirements – these minimum requirements – does not necessarily guarantee you a place. So you'll have to compete for spaces."
For more information, the public can approach the NUST admission office or the Head of Department.