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10:52Last update on: 13 Aug 2013
The Namibian
Tue 13 Aug 2013
SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf SMS Of The Day * WHY doesn’t NBC listen when they are criticised? The little red chairs on Good Morning Namibia have done their part and are dirty especially at the arm rests. Please listen for once. You interview professionals and internationals on those Food For Thought * MINISTRY of Education, in order to address the shortages of teachers at primary schools why don’t you consider employing us who hold a diploma in lifelong learning and community education for teaching posts? We also did health education Bouquets And Brickbats * MY fellow Namibians, I am not a Swapo member but a third term for President Hifikepuye Pohamba will be a step closer towards attainment of Vision 2030. Believe me His Excellency has made crucial bold decisions, and I don’t regret
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BUSINESS - COMPANIES
| 2013-08-01
e-Bank gets provisional banking license
STAFF REPORTER
THE Bank of Namibia announced yesterday that e-Bank Limited has been granted a provisional license valid for a period of six months as from 1 August to allow it to set up its operations.
“The public is therefore hereby notified that during this provisional license period, e-Bank Limited may not in any way engage in any formal or informal banking business with any customers, especially soliciting of public deposits, until a certificate of authorization to commence banking business is issued by the Bank of Namibia.
“The Bank of Namibia therefore wishes e-Bank Limited success on their future endeavours within the Namibian banking sector as a new entrant,” the Bank of Namibia said in a statement.
According to Monica Kalondo, Chairperson of e-Bank, this new generation banking model will facilitate economic inclusion for the broader Namibian public: “With economic inclusion we do not simply mean the enablement of transactional banking, but the full inclusion of citizens in all the elements of economic activity. This specifically includes access to transactional banking, access to savings mechanisms, access to insurance, access to loans and access to consumer education.”
e-Bank has been established by Pointbreak, a Namibian Investment and Wealth Management Company, in association with TYME, a banking solutions provider, the primary instance of which is the MTN Mobile Money retail bank offering in South Africa.
THE Bank of Namibia announced yesterday that e-Bank Limited has been granted a provisional license valid for a period of six months as from 1 August to allow it to set up its operations.
“The public is therefore hereby notified that during this provisional license period, e-Bank Limited may not in any way engage in any formal or informal banking business with any customers, especially soliciting of public deposits, until a certificate of authorization to commence banking business is issued by the Bank of Namibia.
“The Bank of Namibia therefore wishes e-Bank Limited success on their future endeavours within the Namibian banking sector as a new entrant,” the Bank of Namibia said in a statement.
According to Monica Kalondo, Chairperson of e-Bank, this new generation banking model will facilitate economic inclusion for the broader Namibian public: “With economic inclusion we do not simply mean the enablement of transactional banking, but the full inclusion of citizens in all the elements of economic activity. This specifically includes access to transactional banking, access to savings mechanisms, access to insurance, access to loans and access to consumer education.”
e-Bank has been established by Pointbreak, a Namibian Investment and Wealth Management Company, in association with TYME, a banking solutions provider, the primary instance of which is the MTN Mobile Money retail bank offering in South Africa.
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