Background
Bank Windhoek embraced its social responsibility with the establishment of the Bank Windhoek Social Investment Fund in January 2002. The Social Investment Fund forms part of the Bank’s corporate social investment activities.
 
Vision
The vision of the Social Investment Fund is “to make a meaningful contribution to the sustainable development and prosperity of the communities in which we operate through social investment”. This statement is a commitment to our country and understanding the needs of the communities. The Social Investment Fund is funded by an annual allocation by the Board of Directors. A committee representative of the Board of Directors and Executive management meets on a monthly basis to review applications and discuss the progress of current projects. Bank Windhoek’s contribution to the Social Investment Fund is not limited to a monetary contribution by the Board of Directors, but is a combination of funding and the sharing of skills and resources of the Marketing and Corporate Communication Services Department.
 
Focus Areas
The two focus areas of the Fund, being Job Creation and Education, ensures that a focused approach is taken in supporting projects in all corners of the country. The alignment of the Fund’s focus areas with Government’s national priorities ensures that a foundation is built for partnerships between the bank and the Government. Our objective is to be a catalyst for sustainable development and poverty alleviation and to address the social challenges that impact negatively on socio-economic development; by creating educational opportunities for communities, addressing unemployment and stimulating economic growth.
 
Programmes
During the period June 2002 to June 2003, the Bank Windhoek Social Investment Fund invested and committed over N$1,8 million in various job creation and education projects in amongst others Windhoek, Keetmanshoop, Mariental, Gobabis, Ondundu, Kombat, Okakarara, Ondangwa, Swakopmund, Aminius and Walvis Bay.

During this period, strong emphasis was placed on Entrepreneurial Skills Training with various workshops presented to young learners as well as to unemployed youths with a Grade 12 qualification. A first for Namibia is the presentation of Entrepreneurial skills training to inmates of the Windhoek Central Prison, in partnership with the Ministry of Prisons and Correctional Services. The integration of entrepreneurial skills into the formal school curriculum, as recommended in the Report of the Presidential Commission on Education, Culture and Training has also been a key focus. The Social Investment Fund and the Ministry of Basic Education, Sport and Culture has signed an agreement and formed a steering committee on Entrepreneurship development to ensure that entrepreneurial skills are integrated in the formal school curriculum.

Special projects of the Social Investment Fund includes the annual Bank Windhoek Cancer Apple Project, (N$300 000 was raised for the Cancer Association in 2003) and the Bank Windhoek Golf Day in aid of welfare that raised a total of N$97 500 for four welfare organizations in 2003.

Building long-term partnerships and relationships with the communities we serve and our stakeholders are a key focus for the Social Investment Fund.

To apply for funding from the Bank Windhoek Social Investment Fund or to get more information, please contact Marlize Horn, Head Corporate Communication and Social Investment at
sif@bankwindhoek.com.na or tel: +264-61-299 1278
 
Contact Us
 
Street Add: Head Office, 262 Independence Avenue, Windhoek, Namibia
Postal Add: Head Office, PO Box 15, Windhoek, Namibia
   
Tel: +264-61-299 1122