01 Nov 2017 17:00pm
OKONGO, 01 NOV (NAMPA) Standard Bank Namibia opened a new branch at Okongo in the Ohangwena Region on Wednesday.
Speaking at the opening, Ohangwena Governor Usko Nghaamwa said banking services are important for Namibias economy.
As our Head of State says, no one should be left out, banking services must be made available to everyone as it speaks to financial inclusion, Nghaamwa stated.
He then congratulated Standard Bank for bringing banking services closer to the Ohangwena Regions rural community.
This, Nghaamwa said, will help the communities of Okongo and the neighbouring areas to access much-needed financial services, which will in turn help grow the local economy.
The governor said he started banking with Standard Bank in 1962, when he saved fifty cents at the banks branch at Otavi.
He also urged people to start saving to avoid the January blues next year.
Standard Bank Chief Executive Officer Vetumbuavi Mungunda on his part pointed out that his bank decided to invest some N.dollars 4.6 million in the establishment of the Okongo branch after realising that business, livestock and crop farming activities in the area are increasing.
The opening of the branch, Mungunda said, is part of the banks project aimed at enhancing customer-facing facilities, which included the refurbishing of several branches at places such as Omuthiya, Otjiwarongo, Khorixas, Rehoboth, Grootfontein and Oniipa.
The Okongo branch is manned by five staff members headed by Frieda Itana.