Staff Writer
The Osire Refugee Camp, home to about 5000 refugees, has long struggled with access to banking services. More than 3000 adults in the camp have never been banked by any financial institution in Namibia, even though some hold IDs and passports.
Until now, the only way for residents to access money was to travel more than 200 kilometres to Otjiwarongo.
The journey was costly, time-consuming, and dangerous. Many refugees reported being robbed and losing their money during these trips.
Despite these challenges, Osire is a hub of small businesses that serve both the camp and nearby farms. These businesses play a vital role in supporting the local economy and employ Namibians as well.
However, the reliance on cash created risks for business owners, who were unable to deposit earnings safely until they travelled to Otjiwarongo.
FNB Namibia has now introduced banking services inside Osire. The bank’s strategy not only gives residents access to accounts but also includes financial education to help them manage money effectively.
Through a partnership with Raphael Shop and Johnson Trading, the first two Cashplus Agents in Osire, residents can now deposit and withdraw cash using cardless transactions and e-wallet services.
FNB Namibia eBanker Modestu Ipangelwa described the development as historic.
“This groundbreaking initiative marked a significant milestone in the banking landscape, as it represents the first time a bank has actively sought to serve a refugee camp in Namibia,” he said.
Photo: FNB Namibia is taking banking services to the Osire Refugee Camp.
- Photo: FNB Namibia
