Bank Windhoek invests over N$6 million in sponsorship

29 Jul 2013 07:20
WINDHOEK, 29 JUL (NAMPA) - Bank Windhoek has invested more than N.dollars 6 million on community upliftment projects through its Social Investment Fund and sponsorship activities during its 2012-2013 financial year, which ended 30 June 2013.
According to the bank’s Corporate Social Investment Report, which was released on Monday, the amount invested in the 2012-2013 financial year represents an increase of N.dollars 2.2 million from the previous financial year.
The report provides an overview of beneficiaries and activities of the past year
Bank Windhoek’s Corporate Social Investment Fund, which was established in 2002, focuses on three main areas - education, entrepreneurship/job creation and health.
“Bank Windhoek is a responsible corporate citizen which is committed to improving the lives of the disadvantaged communities in Namibia,” Bank Windhoek's Head of Corporate Communication and Social Investment Riaan van Rooyen was quoted as saying in a media statement issued on Monday.
The bank’s approach to funding has over the years moved away from ad-hoc funding of projects to a more strategic approach through the formulation of working partnerships with beneficiaries.
“Bank Windhoek works closely with each beneficiary project to ensure that they become sustainable, and also encourage beneficiaries to collaborate and learn to work together to avoid duplication and to ensure maximum reach of the targeted beneficiaries,” he said.