Bank Windhoek advises on deposit fraud

Bank Windhoek warns its business and individual customers to be vigilant when accepting proof of payments for goods or services rendered. Customers are urged to not release goods on the basis of a deposit slip, an electronic transfer slip or proof of an internet banking transfer transaction being produced by a customer. They should always…

Reaping the benefits of mining investments in Namibia

The mining sector contributes 12.5% to the country’s Gross Domestic Product and with an optimistic prediction of it increasing to 15.2% by the year 2022 according to the National Planning Commission it makes it a vital component towards Namibia’s socio-economic development. Speaking to this effect, Johannesburg-based Andre Snyders, who is part of Standard Bank’s research…

Agribank establish training and mentoring division

Agribank has established a training and mentoring division for farmers within the Bank, effective 1 April 2017. The new division, called the Agri Advisory Services (AASD), follows the successful completion of a seven year partnership between Agribank and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) for the implementation of the Farmers’ Support Project (FSP). During…

Dual currency funding absorbs liquidity shocks in African Real Estate Market

4 April 2017: Funding commercial property developments with a mix of hard and local currency provides an innovative mechanism for Africa’s commercial real estate sector, to mitigate currency volatility and liquidity risk says Standard Bank. Operating across 20 markets in Africa means that Standard Bank is acutely aware of how endemic, persistent and volatile local…

FNB advises on credit cards

FNB Namibia launched the ‘Did you know’ credit card campaign which aims at educating the customer about the many advantages of credit cards if used properly. Madri Frewer, Marketing Manager of FNB Namibia explained that many customers were under the impression that credit cards were costly and only for wealthy people. “Credit cards, nowadays, can…