Standard Bank fuels Tura Expo

Standard Bank is ready to take banking services to the public at this year's Katutura Expo.

30 October 2018 | Banking

Standard Bank has been at the forefront of driving growth and development in the community. As such, the bank has put much effort into investing in the annual Katutura Expo to be held from 30 October to 4 November under the theme: 'Building Together a Better Business Society'.

The bank sponsors the expo to the tune of N$50 000. Standard Bank's Katutura branch manager, Lazarus Shikongo, is optimistic that the bank's sponsorship will go a long way in promoting trade and investment, as well as making a meaningful impact on local entrepreneurs in Katutura at the expo.

'The expo is a noble initiative which will have a positive impact by uplifting the living standards of Katutura and enhancing their business endeavours,” he said.

According to Shikongo, the Katutura branch is one of the best performing of the bank's branches and continues to grow annually.

“We have big plans in store for our branch because we want to satisfy our customers' needs and grow with our community,” he said.

'Allied to this is the necessity for these actions to help reduce the failure rate of small businesses in Namibia. Central to any progress being achieved in this regard is the need for reducing the risk associated with lending to a group of people who may have occupational skills and passion, but who sometimes lack the business knowledge to successfully manage and grow a business,” Shikongo said.

“During the course of running and growing an enterprise, you will need access to both short-term and long-term cash savings to pay salaries, suppliers, or even to save for a future project or large payment. Standard Bank provides a range of flexible savings and investment solutions, with competitive interest rates, to help you meet your business's savings and investment needs.

“Our intention is to create a financial 'vortex' in which money is more easily available in the economy. As it is injected, it creates jobs and opportunities, stimulating spend and further job creation. The faster funds become available, the quicker the benefits of increased activity and employment creation will be felt,” Shikongo said.

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