Debmarine signs off funding for new vessel

Four local banks, Nedbank Namibia, RMB Namibia, Standard Bank, Bank Windhoek and South Africa’s ABSA have provided an N$5.6 billion loan to Debmarine Namibia towards funding the acquisition and construction of the company’s latest marine diamond mining vessel, the AMV3.

Standard Bank is working on a number of banking products, facilities that would help deepen trade ties between Chinese and Namibian businesses, Annelie Cloete, Standard Bank’s Corporate, and Investment Banking Chinese Relationship Manager has said.

Standard Bank finally delivers on Shikongo house

Standard Bank Namibia has made good on its promise to build a house for Paralympic gold medalist, Ananias Shikongo, almost two years after the lender pledged to assist the athlete during the 2016 Disability Sports Namibia (DSN) Awards ceremony.

Nekundi joins Standard Bank

Standard Bank has appointed Sindano Nekundi as its new Marketing Manager of Corporate and Investment Banking and Business Banking.

Standard bank drags feet on Shikongo house

Standard Bank Namibia (SBN) has been accused of having no intention to fulfil its promise to build a house for Rio 2016 Paralympic Gold medallist, Ananias Shikongo.

BoN gives foreign banks ultimatum

The Bank of Namibia has given foreign-owned banks until the end of 2019 to comply with requirements that locals should hold at least 25 percent equity in commercial lenders operating in the country.


The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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