Financial literacy is necessary to make financially responsible decisions that are integral to our everyday lives, unfortunately consumers fail to demonstrate a strong grasp of financial principles in order to understand and negotiate the financial landscape, manage financial risks effectively and avoid financial pitfalls. According to the Financial Literacy Initiative (FLI), 89% of salaries are…
Close to 220 people are currently participating in the 2017 Swakopmunder Musikwoche of which Bank Windhoek is the main sponsor. This year, the well-known Namibian musical talent, Ailly Namupala took over as the Organisational Director of the Musikwoche, while the internationally acclaimed Conductor, Cornelia von Kerssenbrock, was appointed as Musical Director. Von Kerssenbrock from Germany’s…
Having operated as the only commercial bank in Aussenkehr Valley in the //Karas Region for the past 13 years, Standard Bank has once again taken the lead to recently unveil a modern banking facility to the tune of N$4.5- million. The new Aussenkehr Branch was officially opened by Standard Bank’s Chief Executive Vetumbuavi Mungunda and…
New off-grid energy solutions hold the potential to provide much of Africa’s currently marginalised rural population with access to affordable electricity. To date, however, funding off-grid solutions on a sufficiently large scale has inhibited the potential of these solutions to transform Africa’s rural economy. In Kenya, approximately 50% of the population has access to electricity.…
FNB Namibia has refurbished John Meinert branch, which is now open to the public. The newly renovated branch opened its doors on 12 December 2017, after being closed for almost four months. Elzita Beukes, Communications Manager at FNB Namibia: “The renovation of one of our flagship branches included a total restructuring, with a new layout…
On Wednesday, 6 December Bank Windhoek was awarded with this year’s Champion Award at the commemoration of the International Day of Persons with Disability in Keetmanshoop. The Office of the Vice President’s Department of Disability Affairs, nominated and awarded Bank Windhoek for being an active institution that supported organisations of persons with disability through its…
“While most of us look forward to a well-deserved break, the festive season will come and go and life – as we know it – with work and studies will kick off again in January 2018,” says Elzita Beukes, Manager: Communications at FNB Namibia. “For many students, tackling the New Year inevitably means worrying about…
JOHANNESBURG, 7 December 2017: From 2000 to 2008 Nairobi’s added 72 000 square meters of retail real estate to East Africa’s largest commercial hub. This build was spread across three shopping precincts. In the nine years from 2009 to 2017 the city added another 351 900 square meters of retail real estate across 17 developments. This expansion…
Nedbank Namibia and Paratus signed an agreement in which Paratus will provide IT services and resume responsibility of the entire Nedbank Namibia network. In the past Nedbank Namibia’s network infrastructure was managed by Nedbank South Africa. This is a pioneering move for Nedbank Namibia as a leading commercial bank since its banking operations will now be…
If a business does not face any competition, it has little incentive to lower its prices or improve its products, therefore Competition Laws and Policies are imperative as they seek to ensure that industries are competitive and consumers benefit from them too. While most developed nations have had competition laws and policies in place for…