Bank Windhoek – Windhoek Observer

11 Jun

Namibian brands recognised in Africa

ObserverNational NewsBank Windhoek, Mshasho (#1 Apparel), MTN, Namibian brands recognised in Africa

Martin EndjalaMTC and Telecom won the number one overall telecommunications, while NBC won the overall Media, Namibmills (#1 Consumer), Bank Windhoek (#1 Financial Services), Mshasho (#1 Apparel), Nammilk (#1 non-alcoholic beverages) and Windhoek Lager (#1 alcoholic beers) are the leading Namibian brands by category. MTC was also named the Number One brand that symbolizes African pride. The local results edition follows the global release of the 12th annual Brand Africa 100: Africa’s BestBrands 2022 rankings of the Top 100 most admired brands in Africa which was unveiled on 25th May2022, Africa Day, in Lagos, Nigeria. During the Africa event in…

12 Mar

Bank Windhoek fires manager for racist remarks

ObserverObserver MoneyBank Windhoek, Capricorn Group, Riaan Van Rooyen

Kandjemuni Kamuiiri Bank Windhoek has dismissed its suspended Sales Manager, Riaan Van Rooyen, for sharing a racially offensive post on his social media last year, which equated black people to monkeys. Van Rooyen had been suspended by the bank, pending an investigation into his conduct. “We wish to confirm that the individual in question has been dismissed. Bank Windhoek and Capricorn Group would like to reiterate its policy of zero tolerance towards any form of behaviour that does not conform to internal policies, and does not speak to our values that underpin ethical business conduct from any employee at any…

03 Feb

Understand banking fees to save money

ObserverUncategorisedBank Windhoek

Hayley Allen To help customers succeed in their financial goals this year, Bank Windhoek urges them to understand their banking fees to avoid unnecessary charges and penalties. Customers who understand their banking fees can learn to manage their accounts effectively and save money in the process. Bank fees refer to any compulsory charges by financial institutions on the personal and business accounts of customers utilised for the set-up, maintenance, and transactional services related to the account. The bank may charge these fees annually, monthly, or on a pay-as-you-use basis. To help customers better understand banking fees and save money, below…

02 Feb

Women entrepreneurship initiative kicks off

ObserverUncategorisedBank Windhoek, Katuka Mentorship Programme

Staff Writer Forty-eight mentors and mentees will officially kick off this year’s Katuka Mentorship Programme in Windhoek. Well-known human resource specialist Sabine Ruegg will conduct the three-day orientation programme. The Katuka Mentorship Programme aims to empower and encourage entrepreneurs, business and professional women to succeed in their careers through mentorship by seasoned business and professional women. The late Lena Markus, former Businesswoman of the Year 2000 in the category Corporate/Professional, founded the Programme. In its twentieth year, the Programme has produced significant results in the careers of the participating mentees. To date, 401 entrepreneurs and businesswoman have completed the programme.…

23 Oct

Hints to get your mortgage approval

ObserverUncategorisedBank Windhoek, Loide David, Market Research Analyst

Loide David Attempting to purchase a house without a plan in place can be a challenging situation. As a first-time homebuyer, you will need to prepare in advance. The steps below can help you buy a home more conveniently and reach the best outcome possible. Preparation: Before you start with the application process, you need to understand how banks assess the application; the required documents, and, most importantly, the costs involved in the entire process. For instance, besides the property's actual price, there are other costs, such as transfer duties and conveyancing fees, which you will need to keep in…

15 Oct

In times of trouble, manage your money better

ObserverUncategorisedBank of Namibia, Bank Windhoek, Covid-19, Economic Outlook

Samuel Linyondi The Bank of Namibia's latest Economic Outlook expects the Namibian economy to fall into a deeper contraction during 2020, mainly due to the devastating impact of COVID-19 across all sectors. This means that as we conclude the year, we will be faced with a few challenges. For some, it means having taken a drop in their salary, while for others, a total loss of income. Few are fortunate enough to still have a job and have their income unaffected. What these times of uncertainty have taught us is that having savings for emergency situations is critical. As we…

22 Jul

Bank Windhoek releases Green Bond Impact Report

ObserverUncategorisedBank Windhoek, Namibia, NSX

Staff Writer Bank Windhoek this week published its first Green Impact Report. The Report details projects that received funding from its NSX listed Green Bond proceeds and highlights the core environmental impact indicators on a project level basis. The impact indicators according to the bank are derived from the bank’s Green Bond Framework and the International Capital Market Association’s Green Bond Principles. Green Bonds are one of the most prominent capital raising innovations in the area of sustainable finance over the past decade and the majority of applications for green financing was for solar energy projects to generate electricity to…

19 Jun

Bank Windhoek cuts interest rates

ObserverUncategorisedBank of Namibia (BoN), Bank Windhoek, Monetary Policy Committee

Staff Writer In response to the announcement by the Monetary Policy Committee of the Bank of Namibia (BoN) to cut the Repo rate from 4.25 percent to 4 percent as announced on 17 June 2020, Bank Windhoek has announced a reduction of its Prime Lending Rate by 0.25 percent from 8 percent to 7.75 percent. The bank’s Mortgage Lending Rate will decrease from 9 percent to 8.75 percent, effective from Tuesday, 23 June 2020. “While the possibility of more cuts cannot be ruled out at this point, we expect that the benefit from the sharp cuts will gradually alleviate the…

19 Jun

Shiimi applauds private sector COVID-19 efforts

ObserverObserver MoneyBank Windhoek, Baronice Hans, Finance minister, Iipumbu Shiimi

Staff Writer Finance Minister, Iipumbu Shiimi, said that he is content with the response he has seen from all Namibians from both the private and public sector who continue to embark on fighting COVID-19 as a united front. He said this during the Capricorn Group/EY 2020 Budget Review Discussion, an online live social media broadcast focused on discussing and reviewing Namibia’s 2020/2021 Budget recently tabled in the National Assembly. “The pandemic's impact is something we have never seen before, and as a result, it requires a united front,” said Shiimi. Bank Windhoek's Managing Director (MD), Baronice Hans, echoed Shiimi’s sentiments.…

17 Jun

Your small business can adapt to COVID-19 hindrance

ObserverUncategorisedBank Windhoek, Covid-19

Loide David The International Monetary Fund’s latest Global Financial Stability Report indicates that financial systems have already felt a dramatic impact during the COVID-19 crisis. In the United States, one of the hardest-hit countries with over two million COVID-19 cases, the effect of the pandemic on businesses has caused it to register close to 40 million job losses. Most of these job losses are from small businesses. Small businesses are privately owned establishments, enterprises, sole proprietorships with fewer employees, and less annual revenue than a regular-sized business or corporation. In a Namibian context, the commercial bank’s regulator, Bank of Namibia,…