As part of finding a sustainable long-term solution to schooling in Oranjemund, Namdeb donated a fully equipped secondary school to the Ministry of Education Arts and Culture (MoEAC) with a value of approximately N$17 million. The company officially handed over the school at a ceremony held in Oranjemund today. The school previously formed part of…
Capricorn Investment Group Limited reported satisfactory results today with group profit after tax of N$557 million for the six months ended 31 December 2019, increasing by 7.9% compared to the prior period. Core headline earnings per share, which excludes restructuring costs incurred in Zambia during July 2019, increased by 10.3% year on year. “This solid…
Bank Windhoek and Capricorn Group officially welcomed 27 new employees on Tuesday, 11 February 2020, at a two-day New Employee Orientation Programme held at Bank Windhoek’s People Development Department in Windhoek. The event lasted until Wednesday, 12 February 2020. During the Employee Orientation Programme, the new employees introduced themselves and elaborated on why they joined…
Tuesday, 18 February marked the launch of Capricorn Group’s New Management Development Programme (NMDP), where the Group in conjunction with the University of Stellenbosch Business School, are developing a new generation of emerging leaders for the Group. For the past three years, Capricorn Group has joined hands with the University of Stellenbosch Business School to…
In response to the announcement by the Monetary Policy Committee of the Bank of Namibia to decrease the policy rate as announced on 19 February 2020, Bank Windhoek hereby confirms the reduction of its Prime Lending Rate by 0.25% from 10.25% to 10.00%. The Mortgage Lending Rate will decrease from 11.25% to 11.00% The interest…
Physically Active Youth (PAY) is a dynamic after-school centre in Katutura, which provides a safe and nurturing learning environment for Namibian children and youth from disadvantaged communities. They cater for learners in Grades 1 to 12 as well as out-of-school youth. Children taking part in the programme regularly participate in cycling, athletics and swimming competitions.…