Standard Bank collects N$2m for buy-a-brick

Standard Bank Namibia has collected a total amount of N$2 million for the Shack Dwellers Federation as part of its corporate social responsibility in 2017.


The funds were collected through the buy-a-brick initiative which is one of the biggest corporate social investment projects, chief executive officer Vetumbuavi Mungunda said.


“In line with our purpose, ‘Namibia is our home we drive her growth’ we invest into education; entrepreneurship, enterprise development; community health; wellness and environmental issues. Standard Bank has committed over N$4.6 million to corporate social investment programs in 2017. We are intensifying our buy-a-brick campaign to raise sufficient funds to build over 100 houses every year for low and non-income Namibians,” he said.


He added that SBN funded construction of 54 houses in Berseba; Otjinene and Windhoek informal settlement.


Mungunda also said to sensitise the business community to the plight of the homeless; the bank hosted chief executive officers outreached conference on the housing shortage in Windhoek in conjunction with the ministry of rural and urban development.


“As we look to the year ahead we remain steadfast in our commitment to doing the right business the right way. In this context, we continue embedding a culture of responsible business practices. Our purpose as an organisation remains firm,” he said.