Nedbank launches financial booklet

03 September 2020 | Banking

The second edition of the Nedbank Financial Education booklet was launched in the capital on Monday.

The booklet was created with the aim of enhancing the public’s financial knowledge, as well as empowering Namibians to make better and informed financial decisions, a media statement issued by the bank on Tuesday said.

It comes at a time when many Namibians are facing financial hardships as a result of the Covid-19 pandemic, the bank added.

“Nedbank Namibia is a platform partner and member of the Financial Literacy Initiative (FLI), which is a national platform under the custodianship of the Ministry of Finance, dedicated to educating the public on money matters. The FLI aims to improve people’s lives through delivering financial education programmes countrywide to individuals and small businesses,” the statement said.

It further noted that the FLI has left its mark on Namibia’s SME sector through its financial management training for small businesses all around the country.

Nedbank Namibia Head of Nedloans, Erastus Haihambo as quoted by the statement said consumer protection was a fundamental principle for the creation of the booklet.

“The principles of consumer protection, which includes treating the client fairly and encouraging responsible lending were foundational in both the creation of the booklet, as well as the introduction of newly revised Nedloans personal loans product, which came into effect on 01 July 2020,” he said.

He noted the Financial Literacy Initiative’s main objective is to empower communities with financial knowledge.

“The Nedbank Financial Education booklet has the potential to improve the lives of individuals and business people of Namibia, it can assist people to identify, choose and use the best financial products and services for their specific needs,” he concluded. - Nampa

Similar News

 

Mbuende brings a wealth of experience to Nedbank Namibia

2 days ago - 03 December 2021 | Banking

Staff reporter Tjivingurura Mbuende brings a wealth of experience to Nedbank Namibia, having worked in the financial sector for over a decade. Mbuende received his...

Riding the Nedbank Desert Dash for Covid-19 victims

2 weeks ago - 19 November 2021 | Banking

The Legacy of Love cycling team will be riding in the Nedbank Desert Dash in December to raise money for families who lost loved ones...

Don’t follow your dreams, chase them

3 weeks ago - 12 November 2021 | Banking

Desiree GasesIn 2006, Anton Mushongo was admitted to pursue a Bachelor of Technology degree in agricultural management at the then Polytechnic of Namibia. Halfway...

OMDis, Uconomy Namibia and Nedbank Namibia announce collaboration

3 weeks ago - 12 November 2021 | Banking

Oranjemund has often been seen as a secluded town, yet its evocative beauty has made it one of the must-visit places in Namibia. The announcement...

DBN offers finance for climate adaptation

1 month - 11 October 2021 | Banking

STAFF REPORTER WINDHOEKThe Development Bank of Namibia (DBN) has announced a facility to finance climate-change adaptation, bolstering its long track record...

The Nedbank Kapana Cook-Off - A stepping stone to...

2 months ago - 01 October 2021 | Banking

The overall winner receives prizes that amount to N$100 000 and include a fully furnished mobile food trailer.To date, Nedbank Namibia has invested over N$3...

Agribank must extend its visibility in Omaheke: Nganate

2 months ago - 28 September 2021 | Banking

NAMPAWINDHOEKOmaheke regional governor Pijoo Nganate has asked Agribank to extend its presence to other constituencies of the Omaheke Region.Nganate made this remark in a statement...

‘Agribank must be more visible in Omaheke’

2 months ago - 27 September 2021 | Banking

Omaheke regional governor Pijoo Nganate on Friday asked Agribank to extend its visibility in other constituencies of the region via its outreach programmes.Nganate made these...

Bank Windhoek MD Baronice Hans meets the Graduate Development...

2 months ago - 24 September 2021 | Banking

Desiree Gases On Friday, 10 September 2021, Bank Windhoek's managing director, Baronice Hans, met the nine Graduate Development Programme (GDP) inductees in Windhoek. On...

Celebrating Namibian Cuisine

2 months ago - 24 September 2021 | Banking

Jeanette DiergaardtThe Nedbank Kapana Cook-Off 2021 saw yet again a successful preliminary round come to an end on Saturday 18 September at the Soweto Market...

Latest News

Hilia Hitula continues to achieve...

2 days ago - 03 December 2021 | Business

Rivaldo Kavanga Urban planner Hilia Hitula says it has always been a dream to work in the urban planning profession. “Right from matric...

Don’t kick the cat!

2 days ago - 03 December 2021 | Economics

John Steytler Namibia is in an unenviable position as a developing country, its economy is very fragile and it is trying to weather the pandemic....

Sheya slams SPYL for jealousy,...

2 days ago - 03 December 2021 | Politics

KENYA KAMBOWE RUNDUOusted Swapo Party Youth League (SPYL) secretary for economic affairs Marius...

Ya Nangoloh’s Swapo membership application...

2 days ago - 03 December 2021 | Politics

KENYA KAMBOWE RUNDU Swapo secretary-general (SG) Sophia Shaningwa this week wanted nothing to do with questions on a membership application...

V5 Digital a forerunner in...

2 days ago - 03 December 2021 | Technology

Iréne-Mari van der WaltMore than three years ago, Armin Wieland founded his business, V5 Digital, after noticing that there was a lack of companies in...

Do it with passion or...

2 days ago - 03 December 2021 | Justice

Desiree Gases Ngeendina Angula, born and raised in Greenwell, Windhoek, moved to Cape Town, South Africa, when she was 13 years old and lived there...

A love for engineering and...

2 days ago - 03 December 2021 | Transport

Wetumwene Shikage Describing her journey at Fly Namibia, Gabriela Kamaahene says the experience has been surreal. She says the company continuously grows and she...

EDITORIAL: Opportunity

2 days ago - 03 December 2021 | Opinion

With new Covid-19 infections doubling almost every day since the start of the week, and South Africa also seeing a surge, it’s difficult not to...

December rains on the way...

2 days ago - 03 December 2021 | Weather

ELLANIE SMIT WINDHOEK The Namibia Meteorological Service forecasts heavy rain for far northern...

Load More