Bank Windhoek wins Sustainable Development Award Donald Matthys
Bank Windhoek was recently presented with the prestigious Sustainable Development Award as the best Green Financial Institution in Namibia.
Hosted by the Namibian Environmental Investment Fund in partnership with the Sustainable Development Advisory Council, the Sustainable Development Awards took place at the Safari Hotel Conference Centre in Windhoek.
In her acceptance remarks, Bank Windhoek’s Managing Director, Baronice Hans, said that Namibia had seen the impact of global warming and climate change on the local environment and businesses first-hand. Hans stressed that the transition to a sustainable and green economy requires financing investments that provide environmental and social benefits.
KENYA KAMBOWE RUNDU
Government will avail subsidies to the tune of N$161 million towards private schools owned by churches as a means to help them meet their needs during the 2021/2022 financial year.
This is according to education ministry executive director Sanet Steenkamp, who yesterday confirmed the figure, saying only church schools the state has an arrangement with will benefit.
This arrangement emanates from a memorandum of understanding (MoU) dating back to 1990.
Steenkamp was responding to a media enquiry on whether government has made budgetary provisions to the over 200 private schools in the country which have been negatively affected by the Covid-19 pandemic as far as enrolling and maintaining learners is concerned.
But Pula deterioration reduced loans by 4.7%
COVID-19 pandemic overwhelms group
editors@thepatriot.co.bw
Bank Gaborone has contributed immensely to revenues of its parent company, Capricorn Group increasing gross loans and advances by 2.3% to P4.8 billion during six months ended 31 December 2020.
The group says due to a deterioration of the Botswana Pula, its loans and advances decreased by 4.7% in Namibia Dollar terms with Group, adding that the Entrepo’s book loan grew by 10.6%.
Bank Gaborone, a wholly-owned subsidiary of Capricorn Group, also contributed very significantly towards financial performance of the Group last year, boosting key aspects of the revenues.
Capricorn Group is a diversified holding company operating in Botswana, Namibia and Zambia. The bank’s non-performing loans increased by 15.3% to P291.2 million as compared to P256.6 million posted in 2019; this therefore showing the resilience of the business in boosting group.