Bank Windhoek

Loide David The International Monetary Fund’s latest Global Financial Stability Report indicates that financial systems have already felt a dramatic impact during the COVID-19 crisis. In the United States, one of the hardest-hit countries with over two million COVID-19 cases, the effect of the pandemic on businesses has caused it to register close to 40 million job losses. Most of these job losses are from small businesses. Small businesses are privately owned establishments, enterprises, sole proprietorships with fewer employees, and less annual revenue than a regular-sized business or corporation. In a Namibian context, the commercial bank’s regulator, Bank of Namibia,…

Staff writer Bank Windhoek has donated 500 Reagent Testing Kits and Nasopharyngeal Swab Collection Kits to the Namibian Government in support of its fight against COVID-19. The Bank’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, handed over the donation to the Minister of Health and Social Services, Dr Kalumbi Shalunga, at the Namibia Institute of Pathology’s (NIP) head office in Windhoek. Through the Analytical Technology and Chemical Supply, the Bank, in collaboration with NIP, was able to procure the material despite logistical challenges posed by the pandemic. “Since COVID-19 reached our borders, we realised that there was…