By Staff Reporter
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Staff ReporterBANK Windhoek’s Chief Treasurer, Claire Hobbs, announced that between June 2024 and June 2025, the Bank provided significant financial support to several key industries vital to Namibia’s long-term development.“Totalling N$112 million, this includes economic advancement (N$39 million), sustainable use of natural resources (N$6 million), clean transportation (N$9 million), energy (N$31 million), and access to essential services (N$27 million),” said Hobbs.ndustries vital to Namibia’s long-term development.She emphasised that the Bank’s investments were carefully directed at initiatives aimed at accelerating sustainable development and promoting inclusive economic growth. These efforts focus on enhancing renewable energy, clean transport, natural resource management, education, and socio-economic development.“The impact of these projects is measured in terms of capacity installed, emissions reduced, land irrigated, educational access, and employment opportunities created. Two significant projects received an investment of N$39 million, supporting economic activities that create employment opportunities and foster economic growth within communities,” the Bank added.In the education sector, Bank Windhoek funded four projects totalling N$27 million, which led to the construction or upgrading of four schools. These initiatives have improved access to education and upgraded learning infrastructure.“Additionally, nine projects received a total investment of N$6 million, irrigating 67.4 hectares. This support has led to increased agricultural production and resource sustainability. The clean transportation sector saw an investment of N$9 million in 15 hybrid vehicles. The deployment of these vehicles has helped reduce emissions, promoting cleaner transportation alternatives. Furthermore, the renewable energy sector includes 32 projects financed with a total investment of N$31 million. These projects have resulted in installing a Megawatt capacity, contributing to reduced emissions and supporting clean energy adoption,” the bank added.According to Hobbs, these targeted investments reflect Bank Windhoek’s ongoing commitment to sustainable development, helping to ensure that Namibia’s growth path is both environmentally sound and socially equitable.Bank Windhoek’s Managing Director, James Chapman, added that the Bank’s broader mission is to deliver meaningful, lasting change throughout Namibia by investing in critical sectors such as clean energy, water sustainability, eco-friendly transport, and basic services.“For the fiscal year 2026 to 2027, Bank Windhoek has set an ambitious target to disburse N$300 million in sustainable finance, blending depositor and other sources of funds to maximise environmental and societal impact. The Bank is committed to continued transparency in reporting on its progress towards this target during this period,” said Chapman.PICTURED: Bank Windhoek’s Managing Director, James Chapman. Photo: Bank Windhoek.
