With an investment of N$4-million, Standard Bank inaugurated a new branch in the town of Karibib in the Erongo Region this week.
The latest banking facility comes just within 6 days of the previous branch opening by the Bank in the village of Okongo in the Ohangwena Region.
Officially unveiling branch, Regional Governor of the Erongo Region Cleophas Mutjavikua commended Standard Bank for its ongoing mission to bring banking services closer to the people as it relates to financial inclusion.
“It goes without saying that the new Standard Bank Karibib Branch will go a long way in making banking more accessible and convenient for the residents and tourists visiting the town. Banking is indispensable in today’s modern society and I’m pleased to see that over the past 102 years, Standard Bank has been supporting the country’s economic growth and providing services and products that relate to the needs of individuals and business consumers alike,” said Mutjavikua.
The Governor further encouraged the residents to make optimal use of the new branch in order to grow themselves financially, as this will ultimately stimulate viable business initiatives that will develop the town to greater heights and the region as a whole.
With a current population of approximately 9,000 residents, Karibib is the only town in the country where a number of transport corridors are passing through namely the Trans Kalahari, Trans Caprivi, Trans Katwitwi, Trans Oshikango and Trans Orange highways.
Through the years the Karibib Town Council has made great strides to develop the town with new developments like the Lithium Mine which is busy with its first phase of production and expected to start with full operation next year. It is expected to create employment for up to 60 employees with envisaged houses for them near the site. Other developments include the Marble Mine which has already started operation this year, while providing the much needed houses and employment for the town’s residents.
In an effort to complement the town council’s developmental efforts, Standard Bank’s Head of Personal and Business Banking Mercia Geises said the Bank saw the importance of offering customers innovative banking services and products to further boost economic activities.
“In essence, opening a new branch has positive spin offs for the community in that it ultimately generates employment, brings a variety of banking service efficiency and various business and personal banking options for customers, as well as reduce the unnecessary traveling costs. We strive to operate in a customer-centric environment where it is all about meeting our customers’ financial needs first. Coupled with this is also enhancing the financial wellbeing of our customers through financial advice and education from our banking consultants and managers. We are driving Namibia’s growth, because Namibia is our home,” said Geises.