In response to the 0.25% reduction in the repo rate as announced by the Bank of Namibia on 19 August 2020, Bank Windhoek hereby advises the following reduction of our major lending rates: The Prime Lending rate will decrease by 0.25% from 7.75% to 7.50% per annum, effective Saturday, 22 August 2020 The Mortgage Lending…
The Namibia Community Broadcasters Network (NCBN) recently hosted an Online Listening Session through its coordination centre. The purpose of the session was to provide online listeners and followers with some insights on what and how community media have been covering the issues around the coronavirus pandemic. The session, attended via Zoom, has now become a…
The COVID-19 pandemic has unleashed extensive socio-economic impacts, putting millions of companies worldwide at risk of being forced out of business. The crisis has hit small businesses and their workers particularly hard. Now, they urgently need support to survive. Many interventions are being lined up by various stakeholders who are taking extraordinary steps to minimize…
Sixteen unemployed women from various informal settlements in Windhoek were recently empowered with the skill of baking. The women participated in a special Women Empowerment Baking Masterclass hosted by Shiwomeho Kalla, the founder of Shiwa The Baker and Metropolitan Namibia. The Introduction to Baking Masterclass is an initiative by Shiwa The Baker that aims to…
Established corporates NamibMills through their Top Score brand, Namibia National Reinsurance Corporation (NamibRe), and leading global provider of information and communications technology (ICT) infrastructure and smart device Huawei Namibia, became the latest sponsors to the much-anticipated MTC Knockout Project with a hefty N$50 000 each. The three corporates have now joined diamond entity NAMDIA and…
By Bank Windhoek’s Manager of Forensic Services, Johnny Truter. Worldwide studies indicate that approximately five billion people were active internet users in July 2020. This comprises 59 percent of the global population. These numbers, accompanied by COVID-19’s preventative measures such as social distancing, has led to an increase in cyber-crime attacks. The responsibility is on us…
Sanlam has learned of two staff members in its Windhoek Client Service Department who have tested positive for COVID-19. As a precautionary measure to reduce further exposure to our staff and clients, the Client Service Department will temporarily close for two days from Monday 17 to Tuesday 18 August 2020 for comprehensive disinfection. The public…
Between 10 – 12 August 2020, Namibia Wildlife Resorts (NWR) Managing Director Dr. Matthias Ngwangwama along with members of his Executive Committee (EXCO) visited its Etosha National Park resorts to evaluate the renovation work that has been undertaken. During the visit, the Managing Director and the Executive team were joined by Mr. Nelson Nghitaunapo, a…
The Boards of SBN Holdings and Standard Bank Namibia hereby announce Vetumbuavi Mungunda’s notification to those Boards of his wish to step down as Chief Executive and leave the SBN Holdings Group with effect from 1 May 2021. This advance notice will allow for a well-planned, smooth transition process and sufficient time for a suitable…
The National Housing Enterprise (NHE) today put its weight to the second edition of the MTC Knockout Project by endorsing personality Mavis Braga Elias in one of the most anticipated entertainment shows geared to tackling a social ill. The MTC Knockout Project, which is a charity event aimed at tackling homelessness will address and create…