Standard Bank trusts in Oshana region’s potential

Standard Bank is confident in the Oshana region’s economic growth potential.

This is one of the conclusions to come out of a business and trade breakfast the bank hosted in the region last Friday which was attended by local business leaders, government officials and industry experts.

Speaking about the bank’s mission to drive Namibia’s growth, Rejoice Itembu, the acting head of business and commercial banking at Standard Bank said: “Our solutions are designed to address the unique needs of businesses across various sectors, helping them grow, scale and contribute to Namibia’s prosperity.”

“As your trusted partner, we are positioning ourselves to support your growth in meaningful ways,” Itembu said, addressing local business owners.

“We understand that your success doesn’t just benefit you; it empowers communities, creates jobs and strengthens our economy”, Itembu said.

This sentiment was echoed by Hofeni Mutota, chairperson of the management committee of the Oshakati Town Council, who spoke on behalf of Oshana region governor Elia Irimari.

Mutota stressed the region’s favourable business environment and the importance of public-private collaboration for inclusive economic growth and job creation.

“By actively engaging in regional projects, local businesses can seize these opportunities, create jobs and contribute to sustainable development,” Mutota said.

He also commended the bank’s efforts to connect businesses in the region with growth opportunities, providing essential financial support and fostering innovation.

Emilia Uupindi, the bank’s trade manager, highlighted how the bank connects Namibian businesses with new suppliers and markets.

“We support business growth by offering guarantees, expert advice on letters of credit and leveraging our strategic partnership with the Industrial and Commercial Bank of China,” she said during a panel discussion.

The Oshana region hosts a large number of businesses for its relatively small size, with tourism and agriculture being the most important sectors.