By Business Reporter
ACCORDING to Bank Windhoek’s annual Corporate Social Investment Report for the financial year 2015/2016 that ended on 30 June 2016, Bank Windhoek invested more than N$8.4 million in communities through its Corporate Social Investment Fund, financial literacy initiatives, sponsorships and donations.
The Bank Windhoek Social Investment Fund was established in 2002 and mainly focuses on education, entrepreneurship/job creation and health. The bank however believes in a balanced portfolio which leads to lending further support in other areas of the Namibian community such as welfare, agriculture, sport and arts and culture.
The Namibia Mathematics Institute, Dagbreek School for the intellectually impaired, San Alive, Action Child Mobilisation and the Cancer Association of Namibia (CAN) are among the organisations that Bank Windhoek has formed partnerships with.
“At Bank Windhoek we believe in being a responsible financial institution and therefore sponsors various financial literacy projects such as the Solo Bank, designed especially for children,” said Riaan van Rooyen, head: corporate affairs, strategy and sustainability at Bank Windhoek.
The Solo Bank, a first for Namibia, was opened in June and aims to teach children how to save and spend their money responsibly. In conjunction with the opening of the first bank for children, various schools were visited to talk to children about financial pitfalls and entrepreneurship.
“Our involvement is about assisting the less fortunate and promoting activities that are not always supported by other corporate entities, such as arts and culture and the smaller sport codes. It is about what difference we can make in the lives of the less fortunate and assisting Government’s efforts in alleviating socio-economic issues, such as unemployment and poverty,” said van Rooyen.
Bank Windhoek also assists in the development of hockey and other sport codes such as golf, schools netball, fistball, volleyball, table tennis, tennis and enduro racing.
Various fund raising activities to help charitable organisations are hosted throughout the year. One of these events is the Bank Windhoek Corporate Challenge Relay whose proceeds are distributed to various organisations across Namibia. Animal welfare organisations such as the SPCA and the Save-the-Rhino Trust are also continually supported by the bank.
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