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Banks Should Hold Hands With Government – Geingob

By: Hertha Ekandjo

President Hage Geingob says that the local banking sector has been an integral stakeholder in Namibia’s economic development journey and that the country’s banking sector is expected to play a critical role in propelling Namibia towards sustainable economic development and shared prosperity.

The head of state said this during the inauguration of the new Nedbank Campus on Tuesday in Windhoek.

He officially welcomed what he calls ‘another impressive addition’ to Namibia’s city centre, which he said will be the latest display of modern architecture to grace the capital.

“The banking sector engages in the practice of mobilising resources from surplus generating sectors and directing them to sectors responsible for bringing about economic growth,” said Geingob.

Geingob said that in keeping with the country’s national developmental aspirations, he was proud to say that the new building truly represents innovation and efficiency, which are two cardinal and defining pillars of progressive societies.

According to him, Namibia is an environmentally conscious country and one of the first countries to enshrine the protection of the environment into its constitution.

“Since independence, we have demonstrated a consistent commitment towards the promotion of a greener, environmentally friendly world through the reduction of our carbon footprint,” said Geingob.

Geingob stated that it is pleasing to note that Nedbank is placing great importance on ensuring that the Namibian banking sector plays a vital role in accelerating the local market’s transition towards a lower-carbon energy future.

He further said that he recognised that the Nedbank Campus is a symbol of the institution’s confidence in the country’s economy and demonstrates the bank’s commitment to protecting and preserving Namibia’s environment.

“I encourage other institutions to follow suit and make Windhoek a hub for innovative and environmentally friendly architecture,” he said.

Geingob encouraged all Namibian financial institutions to continue holding hands with government by supporting the second phase of the country’s struggle, namely that of economic emancipation.

According to him, financial institutions should show a more significant commitment to serving the entire spectrum of Namibia’s population by offering various financial products and solutions suitable to all.

Geingob congratulated Nedbank for the new building and its continued commitment to economic development and environmental protection.

He urged Namibians to continue working together through shared understanding and respect.

“In so doing, it will make a difference, one step at a time, as Namibians pave the way towards a future of prosperity.

“I wish all the staff of Nedbank Namibia all the best in your new offices and in your future growth in our country,” he said.

Hertha Ekandjo

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