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Standard Bank commits to local economic growth

Standard Bank commits to local economic growth

Standard Bank has signed off on an agreement to participate in the largest commercial transactional deal this year to enable Debmarine Namibia to acquire a mining vessel which will boost diamond recovery operations. The vessel will be used for marine diamond recovery operations off the southern coast of Namibia, in the Atlantic 1 mining licence area. The combined contribution by the five commercial banks is N$5.6 billion or 80% of the total AMV3 acquisition of which Standard Bank’s contribution to the transaction amounts to N$1.5 billion. The vessel will be the third that is acquired with financial support from Standard Bank, the other being the SS Nujoma which was acquired in 2016 and for which Standard Bank provided a loan facility of N$900 million and the MV Mafuta towards which the Bank provided a loan of N$2 billion. The new vessel, once operational, is expected to create more than 160...
Bank Windhoek NUST and B360 to prepare graduates for the job market

Bank Windhoek NUST and B360 to prepare graduates for the job market

After hosting a successful Career Development Workshop earlier this year, Bank Windhoek has again partnered with the Namibia University of Science and Technology (NUST) and B360 Education Partnerships. The three institutions will host NUST graduates for two one-week Career Development Workshops, scheduled to take place from 08 until 19 July 2019 in Windhoek. Aimed at coaching graduates on how to prepare themselves for possible employment in a highly competitive job environment, the workshops will expose the students to the skills and knowledge related to preparing of interviews and Curriculum Vitae, motivational letter writing, organisational structure introduction, ethics and governance in addition to business skills, amongst others. “The graduates we hosted earlier this year, welcomed the initiative as they received training on professional job interview preparedness, convincing application documentation, basic understanding of business functions, project planning and management skills. We will share similar knowledge with the expected attendees. As a responsible...
Cenored donates photocopy machine to Karundu Primary School

Cenored donates photocopy machine to Karundu Primary School

OTJIWARONGO, 18 JUN (NAMPA) – The Central North Regional Electricity Distributor (Cenored) on Tuesday donated a multipurpose photocopy machine to Karundu Primary School at Otjiwarongo. School principal Julia Chaka in an interview with Nampa said Karundu is a government school which is less resourced to cater for its 1 387 leaners on its own. “Most of our learners also come from a poor background as their parents do not work,” she said. A member of the school board, Johnson Kahimise said the school could not afford to purchase a photocopy machine. Cenored bought the photocopier for more than N.dollars 45 000. “As a school board we are very grateful with for this donation,” he said. Kahimise urged other companies to assist struggling schools to acquire photocopy machines and paper as most schools in the region cannot afford to do so with their contribution funds. Cenored Public Relations Officer, Charlie Matengu on...
MTC launches internship programme

MTC launches internship programme

Mobile Telecommunications Limited (MTC) in partnership with 22 private and public sector entities have committed to providing internship opportunities to 161 students for the 2019/20 financial year. This was revealed by MTC Chairperson, Elvis Nashilongo, at the launch of the MTC Namibia National Internship Programme in the capital on Monday. Nashilongo said the three-month internship programme would allow placement for the students at various private and public institutions in a multitude of disciplines including, but not limited to, media, engineering, legal practices, human resources, marketing and economics. “This initiative is a deliberate response to the dire need for interns at various institutions of higher learning to find placements to attain the minimum job experience required to graduate,” he said. The institutions that will benefit from the programme are the Namibia University of Science and Technology, University of Namibia, International University of Management, Namibian Institution of Mining and Technology (NIMT) and...
Eos Capital acquires majority shares of Avbob Namibia

Eos Capital acquires majority shares of Avbob Namibia

WINDHOEK, 17 JUN (NAMPA) – Eos Capital has acquired the majority of the ordinary share capital of Avbob Namibia Holdings from the Avbob Mutual Insurance Society in South Africa. The transaction is pending approval from the Namibian Competition Commission, Eos Capital announced in a media statement issued on Wednesday. Through its N.dollars 460 million Allegrow Fund, Eos Capital will inject capital and provide business acumen to support the growth strategy of Avbob, Eos Capital Managing Partner Johannes !Gawaxab was quoted as saying in the statement. “We will improve the performance and offering of Avbob, Namibianise the business and provide comfort, dignity and excellence when loved ones are celebrating life,” he said. !Gawaxab further said it is business as usual and gave his assurance that their commitment to all stakeholders - customers, employees and society at large - is not affected. “We have every intention to be the leading provider of...
FNB launches new cash migration channels

FNB launches new cash migration channels

First National Bank (FNB) Namibia on Tuesday launched three new cash migration channels, aimed at offering holistic financial solutions for its customers. The bank announced that through their new cash migration channels, namely; Cash at Till, Ewallet at Till, and CashPlus, they will continue to reach important milestones in their digital migration journey. A first for Namibia, consumers and businesses will now be able to use their card and withdraw cash with their purchase at an enabled FNB point of sale at selected merchants. Speaking at the launch here, FNB Namibia Chief Executive Officer, Erwin Tjipuka said digital banking remains a core strategic pillar for the bank, both from an enabled and convenient perspective. “Our customers not only appreciate a consistent user experience but also getting access to more secure digital platforms that allow them to effortlessly cater for their general banking needs,” he said. Tjipuka explained that banking today...
NamPower donates equipment to Okamatapati Combined School

NamPower donates equipment to Okamatapati Combined School

NamPower on Monday donated school equipment valued at N.dollars 380 602.46 to disadvantaged learners of the Okamatapati Combined School. According to a statement issued to by the Okamatapati Combined School on Tuesday, the items include 200 desks and chairs for the learners and 26 tables for teachers amounting to N.dollars 345 000 to the Okamatapati school in the Otjozondjupa region. Other items include shirts, blouses, skirts, jerseys and shoes valued at N.dollars 35 602.46, which were donated to 92 disadvantaged learners from the school. During the handover, NamPower’s Marketing Officer, Martha Shifotoka, said during the handover that education remains a great equaliser, particularly among marginalised communities. “Education is one of the keys to success and remains the cornerstone of a bright future for all children. However, it is very expensive and unaffordable to many parents," Shifotoka said. She added that NamPower will, for as long as resources allow, continue to...
MVA Fund donates N.dollars 50 000 towards City of Windhoek Mayoral relief fund

MVA Fund donates N.dollars 50 000 towards City of Windhoek Mayoral relief fund

The Motor Vehicle Accident (MVA) Fund on Friday, 24 May 2019 donated an amount of fifty thousand Namibia dollars (N$50,000.00) towards the City of Windhoek’s Mayoral Relief Fund. The latest contribution will enable the production of sign language dictionaries for the Namibia National Association of the Deaf (NNAD). Re-affirming the Fund’s commitment in supporting people living with disabilities, MVA Fund Chief Executive Officer, Rosalia Martins-Hausiku stated that the production of the sign language dictionaries will encourage more people to learn how to use sign language as we strive to become an inclusive society. “We believe (our donation) will go a long way in building a sign language culture in the country. If we are talking of persons with disabilities, a lot of times we look mainly at physical disability, but sometimes we don’t see the soft disabilities and I want to encourage everybody as we approach disability in Namibia -...
Uranium mine donates towards drought relief

Uranium mine donates towards drought relief

Prime Minister Saara Kuugongelwa-Amadhila received N.dollars 250 000 towards drought relief donated by Swakop Uranium Mine on Tuesday in the capital. A media statement issued to Nampa on Wednesday said the donation was handed over by Swakop Uranium’s Chief Executive Officer Cai Yusheng. Kuugongelwa-Amadhila commended Swakop Uranium for supporting the government efforts and their corporate social responsibility. She also urged businesses not only to engage in corporate social responsibility activities and employment creation, but to equally support the local markets by giving preference to them when procuring inputs and services to boost the local economy.
Capricorn Group hosts sessions on investigating corruption with Carte Blanche’s Devi Sankaree Govender

Capricorn Group hosts sessions on investigating corruption with Carte Blanche’s Devi Sankaree Govender

Capricorn Group and its subsidiaries are committed to the principles of sound corporate governance which are characterised by discipline, transparency, accountability and responsibility. The Group advocates the fight against corruption, which is one of the biggest threats that societies face today. It is in this light that the Group hosted 2 sessions with Carte Blanche’s Devi Sankaree Govender on the topic of Good Governance and the investigation of corruption on Friday, 24 May 2019. As an award-winning investigative television journalist, Govender spent the day in Windhoek and shared with members of the public at the Group’s signature Inspire event as well as with the Namibian media, the inner workings of how fraud is investigated for Carte Blanche. The topic of good governance was featured at the Inspire event in hope to stir up conversations around holding ourselves, our companies and our country accountable as we strive for a better society....
Kasi Vibe Festival taking place end of May

Kasi Vibe Festival taking place end of May

The sixth edition of the Kasi Vibe Festival will take place at Windhoek’s Sam Nujoma Stadium from 31 May until 02 June. The festival is a platform of choice for upcoming entrepreneurs, start-ups and small and medium enterprises. Organisers promised a mind-blowing festival which will bring together young people from all walks of life as they showcase their products and services. A statement availed to Nampa by the organisers said the Kasi Vibe Festival reiterates its commitment to nurture and develop a platform for community members to engage in business while promoting awareness about the importance of entrepreneurship and business development. “Kasi Vibe will continuously foster and promote a lifelong interest of business and entrepreneurship, not only as profit-generating activities, but also as a means of creating multiple economic hubs and building sustainable communities,” the statement said. It further said Kasi Vibe remains devoted to the development, capacity building and...

Hobas Lodge set to re-open

Namibia Wildlife Resorts (NWR) Hobas lodge which experienced flash floods early February resulting in a damaged sewerage system, broken trees and vast piles of sand around the restaurant, swimming pool and camping grounds is set to re-open on 1 June 2019. Dr Matthias Ngwangwama, NWR Acting Managing Director, says that “over the past few months, we worked tirelessly as a team to have the lodge ready for the hiking season which started a few weeks ago. Knowing that the Fish river canyon hike is one of the most popular hikes in the world, we ensured that the accommodation facilities be returned to the high standard they were in before the flash floods. I would, therefore, like assure our valuable guests that the lodge will be ready to welcome them in the coming week”. At the same time, there have been concerns regarding the availability of water within the Fish river...
Bank Windhoek contributes to fighting drought

Bank Windhoek contributes to fighting drought

In response to the Namibian government’s state of emergency declaration on the current drought affecting the country, Bank Windhoek, as a responsible corporate citizen has implemented various measures to minimise the effects of this unfortunate disaster. From a customer perspective, an internal committee has been established to look at both commercial and communal farmers exposures and find innovative ways to mitigate the impact of loss of income on their financial obligations. In addition, farmers are urged to get in contact with their respective Branch Managers to seek mutual solutions.  Furthermore, Bank Windhoek will place key strategic focus on stakeholder engagement in the coming months to add value and be a connector of positive change within the farming sector. The Bank Windhoek Vehicle and Asset Finance Department is offering John Deere bush equipment, which will enable farmers to become sustainable in producing animal fodder. The initiative, known as Bush-to-Feed, refers to...
Bank Windhoek Gobabis recognises local motor dealerships

Bank Windhoek Gobabis recognises local motor dealerships

On Thursday, 9 May 2019 Bank Windhoek’s Gobabis Branch hosted a prize giving event to recognise the town’s motor dealerships for their hard work and loyalty toward the Branch. A first for the town, the occasion awarded prizes to top salespersons from the motor dealerships who have sold the most new and pre-owned motor vehicles over the past year. The event also supported the Bank’s current Vehicle and Asset Finance Campaign, offering special financing options which is valid until the end of June 2019. The Bank Windhoek Vehicle and Asset Finance Campaign, includes financial benefits such as a three-month payment holiday, balloon payment options and a smart Auto Armor Namibia and Amber Connect partnership offering enhanced safety at significantly reduced prices to Namibians who purchase new or pre-owned vehicles through the Bank. “With this recognition Bank Windhoek wishes to convey our appreciation to hard work of the motor vehicle dealerships...