Home

The 2021 Bank Windhoek Doek Literary Awards announces winners

The 2021 Bank Windhoek Doek Literary Awards announces winners

On Thursday, 18 November 2021, Ndawedwa Hanghuwo, Natasha Uys, Pauline Ndhlovu, and Namafu Amutse were announced as the 2021 Bank Windhoek Doek Literary Awards winners at a ceremony hosted in Windhoek. Hanghuwo won the fiction category for "Silhouette". Hanghuwo's work, said the judging panel, showcases confidence and a compelling voice; the twist in this wonderful short story is a bonus that exhibits his writing acumen and willingness to push beyond the boundaries of the ordinary. Hanghuwo is a Namibian writer, studying at the Namibia University of Science and Technology towards a degree in English Literature. Uys’ “Ouma Sofie's Gold” was crowned as the winner in the nonfiction category. The Nonfiction shortlisted presented the judges with writing dealing with complex themes of identity and memory. Uys’s “Ouma Sophie’s Gold”—a poignant and exemplary nonfiction writing was unanimously selected by the judges. Uys is a journalist and editor from Windhoek, Namibia. She is...
Old Mutual supports various community projects to the tune of N$63 000

Old Mutual supports various community projects to the tune of N$63 000

As a responsible business, Old Mutual believes in supporting the community it operates in. In the last two quarters of 2021, Old Mutual Executives supported various community project initiatives to the tune of N$63 000 in line with its purpose to champion mutually positive futures every day. Amongst some of the supported community initiatives is the University of Namibia (UNAM) Foundation which hosted a Chancellor’s Charity Golf Day and used the proceeds from the event to contribute to their student assistance fund. Similarly, financial assistance was also given to Sakeus Amunyela, an International University of Management underprivileged student. By settling his outstanding tuition fees, Amunyela was able to write his final exams and graduate. Equally Old Mutual supported the kindergarten in Groot Aub through sourcing building material to construct a classroom, which speaks to Old Mutual’s desire to assist Early Childhood Development Centres. Also, one of the community initiatives supported...
FNB supports SPCA

FNB supports SPCA

First National Bank of Namibia (FNB) recently donated N. dollars 100 000 to the Society for the Prevention of Cruelty to Animals (SPCA), which held its annual fundraiser 'Animals by Night,' a fun evening bringing together animal lovers, sponsors and brilliant Namibian artists in favor of the SPCA's animals. In a media statement issued on Tuesday, Revonia Kahivere, FirstRand Namibia's CSI Manager, stated that the companionship of animals and the positive influence they have on people has become even more apparent since the outbreak of the pandemic, as COVID-19 enforced isolation and segregation from 'normal' life, as well as long stretches working from home when the pandemic, was at its peak. 'We appreciate you from the bottom of our hearts and are confident that the cash will be utilised appropriately to care for our cherished companions,' she said. She stated that earlier this year, the loss of people's everyday routines...
Neighbourly support between Oruuua Primary school and O&L Group

Neighbourly support between Oruuua Primary school and O&L Group

The Ohlthaver & List (O&L) Group through its subsidiary, O&L Leisure, recently handed over to Oruuua Primary School a donation of snack packs prepared by Pick n Pay (a subsidiary of the O&L Group) and toiletries including soap, sanitary pads, and toothpaste, amongst other items, for their almost 200 learners as well as two beef carcases for the school’s feeding programme. The subsidy that the school receives from the government is not adequate to cover all the school’s needs. This shortfall is covered by the community, parents and donors. Located in the Ovitoto District, Oruuua Primary School is a nearby neighbour to Midgard, a property of O&L Leisure, and the donation valued at N$ 60,000 was carried out in an effort to build stronger neighbourly ties between them. Patron of Oruuua Primary School, Berthold Mukuahima, extended his thanks to the O&L Group for their donation, which he said, would go...

The Ohlthaver & List (O&L) Group through its subsidiary, O&L Leisure, recently handed over to Oruuua Primary School a donation of snack packs prepared by Pick n Pay (a subsidiary of the O&L Group) and toiletries including soap, sanitary pads, and toothpaste, amongst other items, for their almost 200 learners as well as two beef carcases for the school’s feeding programme. The subsidy that the school receives from the government is not adequate to cover all the school’s needs. This shortfall is covered by the community, parents and donors. Located in the Ovitoto District, Oruuua Primary School is a nearby neighbour to Midgard, a property of O&L Leisure, and the donation valued at N$ 60,000 was carried out in an effort to build stronger neighbourly ties between them. Patron of Oruuua Primary School, Berthold Mukuahima, extended his thanks to the O&L Group for their donation, which he said, would go...
FNB advises retailers on how to prevent shopping fraud this Black Friday

FNB advises retailers on how to prevent shopping fraud this Black Friday

Namibia has witnessed an upsurge in online shopping opportunities over the past two years as numerous retailers now offer this option, while a number of new online shopping portals have opened for business, particularly on social media. This popular way of shopping allows consumers and businesses to maximise shopping sprees such as Black Friday, it also requires enhanced measures to minimise the risk of fraud. Rivan Meyer, Head of FNB Digital Channels, says: "Irrespective of whether a business is large or small, it must have measures to detect and prevent fraud for point of sale (card present) and online shopping (card not present) payments. During Black Friday, retailers that have specials are likely to process more transactions than usual. Unfortunately, the risk of in-store and online shopping fraud is also enhanced." Meyer advises  businesses and retailers to pay careful attention to warning signs of potential fraud, such as: Failure to...
Namibian Scholars’ Investment Challenge Winners Announced

Namibian Scholars’ Investment Challenge Winners Announced

Five teams were awarded total prize money of N$115 000 Winning team gets a record 30.8% return on initial capital investment Old Mutual in partnership with the Namibian Stock Exchange (NSX) along with other partners awarded the top five winning teams that took part in the Namibian Scholar Investment Challenge (NSIC) from 10 May 2021 up until 22 October 2021. In total, 162 teams from across Namibia’s 14 regions had the opportunity to trade listed shares on the NSX after receiving a fictitious N$500 000. The aim of the NSIC is to introduce the Namibian youth to stock market investments and to provide them with knowledge on broader aspects of capital market operations. The Geals from Windhoek Gymnasium got the first prize of N$50 000 with a return of 30.8% on the initial investment they had, followed by teams from the University of Namibia (UNAM) the Eagle Investors who came...
Nedbank warns clients against fraudulent activity

Nedbank warns clients against fraudulent activity

14 to 20 November is International Fraud Week. Banking fraud is a growing problem in Namibia, with many clients being defrauded by fraudsters using a whole range of methods. The Association of Certified Fraud Examiners, Inc., or ACFE, describes fraud as encompassing actions that are meant to deceive for financial or personal gain. Fraud costs billions of dollars in damage to companies, governments, and individuals each year, according to ACFE. Banking institutions, including Nedbank Namibia, are required by the Bank of Namibia to strengthen their surveillance systems and institute adequate and appropriate internal controls to combat fraud. In order to avoid losing money to fraudsters, clients of Nedbank need to learn about the various methods used by them. The Bank of Namibia says that in 2020, control measures in place had the desired effect since the amount involved in fraudulent activities decreased from N$29.4 million recorded in 2019 to N$25.7...
Capricorn Group reveals state of the art Capricorn Corner building

Capricorn Group reveals state of the art Capricorn Corner building

On Thursday evening, 11 November 2021, the corner of Nelson Mandela Avenue, and Hofmeyer street in Klein Windhoek buzzed as esteemed guests attended the unveiling of Capricorn Group’s state-of-the-art new office facilities - Capricorn Corner. The building’s inauguration was officiated by Mr Koos Brandt, one of the founders of Bank Windhoek in 1982 and Capricorn Group visionary. Capricorn Group chairperson Mr Johan Swanepoel passionately recalled the board’s deliberations on the construction of the building, whilst faced with the economic impact of Covid-19. He said, “The board was very mindful of the positive impact the project would have in securing jobs and stimulating the economy. When others were disinvesting, postponing investment, and cutting capital expenditure, Capricorn Group took the bold decision to invest, and the board approved the development of Capricorn Corner. The investment in Capricorn Corner helped secure 250 jobs over 16 months and injected N$110 million into our economy.”...
Capricorn Group sponsors the 20th annual BEN-Africa Conference

Capricorn Group sponsors the 20th annual BEN-Africa Conference

Capricorn Group supported the 20th annual Business Ethics Network of Africa (BEN-Africa) Conference, held over the weekend of 4 and 5 November 2021 in Swakopmund. The BEN-Africa’s stated mission is to strengthen the commitment and competence of Africans to do business with moral integrity. Her Worship, the Mayor of Swakopmund, Ms Louisa Kativa, opened and supported the conference, attended by both national and international delegates. Capricorn Group sponsored the breakfast event that took place on Friday 05 November 2021. At the breakfast, Fishrot whistleblower, Mr Johannes Stefansson, received the Order of the Baobab award, and Naiole Cohen dos Santos (Co-founder of the Angolan Corporate Governance Association) received the Quiver award. In addition, later in the day, Alexis Habiyaremye received the Aloe Award for the Best Conference Paper. His paper was titled: “Racial capitalism, ruling elite business entanglement and the impasse of black economic empowerment policy in South Africa.” In her...
OMDis, Uconomy Namibia and Nedbank Namibia announce groundbreaking collaboration

OMDis, Uconomy Namibia and Nedbank Namibia announce groundbreaking collaboration

Oranjemund has often been seen as a secluded town in the past, yet its evocative beauty has made it one of those must-visit places in Namibia. The announcement of an extensive collaboration between OMDis, Uconomy Namibia, and Nedbank Namibia is set to increase the allure even further. “OMDis has been established to transform our town and accelerate its economic diversification, such that it evolves into a vibrant centre for enterprises and provide further impetus for businesses operating in Oranjemund,” says Tony Bessinger, General Manager of OMDis. “This collaboration that we are undertaking with Nedbank Namibia and Uconomy Namibia will unquestionably usher in a new era for both our town and the rest of Namibia in supporting SME development.” Scha van Niekerk says Uconomy Namibia has the perfect model to support the OMDis vision for Oranjemund.  “We have extensive experience in building viable enterprises within communities, and look forward to embedding...
Capricorn Group Supports Staff Community Initiative

Capricorn Group Supports Staff Community Initiative

On Friday 05 November 2021, Capricorn Group supported one of its employees’ personal volunteer initiatives which was selected as the winning entry following the launch of an internal #Changemaker competition. The Greenhouse Planting Project of Rehoboth Primary School is a project passionately initiated and supported by Michelle Strauss from Bank Windhoek’s Capricorn Branch, who entered the project into the competition. With a dilapidated greenhouse and a non-operational water irrigation system, the school was in dire need of assistance. The school project team expressed the need to use green products as a source of nutrition for the 100 kids they feed daily under the feeding scheme. As the winning entry of the internal #Changemaker competition, the Greenhouse Planting Project of Rehoboth Primary School received financial support from Capricorn Group to purchase nets, tools, seeds, irrigation pipes, and a water tank to revive the garden. Capricorn Group prides itself on its passionate...
O&L celebrates 2021 value stars

O&L celebrates 2021 value stars

From 1-4 November 2021, the Ohlthaver & List (O&L) Group hosted their Value Star Awards for the 2021 financial year. The annual awards ceremony celebrates the O&L employees from each of the Group’s subsidiaries who exemplify O&L’s Values and help bring its Purpose and Vision to life. While the norm was to host one grand ceremony, this year’s Value Star Awards adopted a similar approach to the 2020 Awards with four smaller breakfast functions, which adhered to COVID-19 safety protocols, being held. Three ceremonies were held in Windhoek and one in Swakopmund to celebrate the Group’s coastal operating companies, Hangana Seafood and Kraatz. The O&L Group Leadership were present at each ceremony to congratulate and thank all the Value Stars for leading by example and inspiring those around them. Delivering his words of appreciation at each of the ceremonies was O&L Executive Chairman, Sven Thieme: “What matters most in life...
Old Mutual Namibia announces new appointment and changes in its Marketing Department

Old Mutual Namibia announces new appointment and changes in its Marketing Department

Mufaro Nesongano has been appointed as Manager of Communications and Old Mutual Foundation at Old Mutual Namibia from 1 November 2021. Mufaro brings to Old Mutual a wealth of public and private sector experience in corporate communications, business, and stakeholder management. Before he joined Old Mutual, he served in similar roles at Namibia Wildlife Resorts from May 2014, managing internal and external communication, online media, and sponsorships. Previously, he served at Namibia Business Innovation Centre from September 2012, responsible for marketing and public relation functions. Mufaro is a seasoned presenter having presented several shows at various radio stations. He obtained a Master's in Journalism and Media Technology from the Namibia University of Science and Technology (NUST) in 2021 after an Honours Degree in Journalism and Communication in 2015 (NUST) and a Bachelor’s Degree in Journalism and Communication in 2012 (NUST) At the same time, Mauriza Fredericks, who has been the...