Standard Bank Namibia sponsors five charity organisations

03 Jul 2014 16:40pm
WINDHOEK, 03 JUL (NAMPA) – Standard Bank Namibia handed-over cheques worth N.dollars 3 million to five charity organisations on Thursday.
The beneficiaries were sponsored through the bank’s Corporate Social Investment (CSI) progamme, and comprise the Forum for African Women Educationalists in Namibia (FAWENA), which received N.dollars 1.3 million for advancing education among disadvantaged learners; the Namibia Red Cross Society (NRCS), which received N.dollars 100 000 to address natural disasters; and the Financial Literacy Initiative (FLI), which got N.dollars 250 000 for the promotion of financial literacy skills amongst Namibian learners.
The San Development Trust under the Office of the Deputy Prime Minister received N.dollars 120 000 for marginalised San school-children, and the Katima Mulilo Shelters under the Ministry of Health and Social Services got N.dollars 1.5 million to construct a student nurses' home near the Katima Mulilo Hospital.
Speaking during the announcement of the bank's CSI programme for 2014, Standard Bank Namibia Chief Executive Officer Junius Mungunda said the bank has pledged one per cent of net profit generated by its business operations to the CSI initiative.
The strategic focus of the bank's CSI programme is mainly on four key areas, namely education, entrepreneurship development, poverty alleviation and health and wellness.
“Through our CSI initiatives here at Standard Bank Namibia, we firmly believe in moving our communities forward by ensuring that they too enjoy improved livelihood and success.
It is only in this way that we can all collectively assist our government in meeting its national developmental goals, and ensure social economic development,” he noted.
Speaking at the same occasion, NRCS chairperson Professor Peter Katjavivi thanked the bank for the continuous assistance to the Society for the past years to enable them to assist the needy in case of floods and droughts.
This sponsorship will now enable the NRCS to respond to the urgent need of rehabilitating community water points in the Kunene region, thus safeguarding the lives of people by preventing future cholera outbreaks.
“The donation we received today comes at a time when the country is still grappling with the aftermath of the drought that hit last year,” Katjavivi stated.
He said the situation was further worsened by the outbreak of cholera in the Kunene and Khomas Region.
Katjavivi added that the scarcity of clean water in some parts of the Kunene region is still a matter of concern for the NRCS, because the situation can easily lead to more outbreaks of waterborne diseases such as cholera and other diarrhoeal illnesses.
“This sponsorship would assist the NRCS to further conduct hygiene promotion in the region in an effort to persuade people to continue practising good hygiene,” he noted.
During 2013, Standard Bank Namibia - through its CSI - has invested about N.dollars 4 million.