Standard Bank invests N$10 million in community development

Photo: Standard Bank Facebook

Standard Bank Namibia has committed N$10 million to community development projects this year, focusing on health, education, housing, and socio-economic growth. The bank has invested over N$35 million in Corporate Social Investment (CSI) over the past five years.

At a ceremony attended by government and community representatives, CEO Erwin Tjipuka handed over N$3.5 million to Deputy Minister of Urban and Rural Development Evelyn !Nowases‑Taeyele. The funds support the Buy‑a‑Brick housing initiative in partnership with the Shack Dwellers Federation of Namibia, aiming to construct approximately 80 houses.

Tjipuka said, “We invest not only in markets, but in people… one step at a time.” He noted that the N$10 million allocation represents 1% of the bank’s post-tax revenue.

In partnership with the Namibia University of Public Administration (UNIPA), Standard Bank also launched the SME Blue Growth Masterclass, committing N$1.5 million over three years to support 30 entrepreneurs annually.