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  • Development Bank of Namibia donates classrooms to rural school Sakaria H Nghikembua

Development Bank of Namibia donates classrooms to rural school Sakaria H Nghikembua

Enzo Amuele
The Development Bank of Namibia (DBN) has donated a block of three classrooms valued at N$457 000 to Sakaria H Nghikembua Primary School in the Oshikunde Constituency near Eenhana. The school has 152 learners and they have been challenged with a shortage of classroom facilities.

DBN always gives back to the community and is very involved in education, DBN CEO Martin Inkumbi says.

The bank values education and sees it as fundamental for the development and progress of the human race.

Inkumbi says the bank has a scorecard for the development impact of projects that it undertakes, and education is highly rated on the scorecard.

He expressed pride in the bank’s track record of developing educational facilities. Among the large businesses and infrastructure projects DBN has financed over the years, there is a strand of finance for private schools as well as donations for public-sector schools and educational initiatives.

Besides the donation to Sakaria Nghikembua Primary School, the bank also made a substantial donation towards a school hall for Romanus Kamunoko Secondary at Rundu, upgrading of hostel facilities and repairs to a school damaged by flooding. The bank has also provided finances to a number of privately operated pre-schools, schools and tertiary institutions.

Inkumbi says the learners of Sakaria Nghikembua Primary School and schools like it have a special significance for the bank.

Although the school is challenged by its lack of facilities, its learners are its future assets. The profile of the school indicates that approximately 90 percent of the learners face socio-economic challenges, he pointed out.

Although DBN is dedicated to levelling the playing field for all Namibians, the bank also sees a future for Namibia and its people who learn to overcome their challenges.

“Many people who rise above their obstacles and difficulties emerge on the other side as well-rounded individuals. They develop problem-solving skills and become resilient to when approached with difficult times. People such as these return to serve and develop their communities, and become an important part of the future prosperity of Namibia,” Inkumbi said.

In addition to its donations to education and educational initiatives, DBN also uses its corporate social investment activities to make impacts on poverty alleviation, community health and wellbeing, general skills development, the business environment and environment and biodiversity management.



Caption: A hand up for education. The Development Bank of Namibia recently donated a block of three classrooms to Sakaria H.Nghikembua Primary School. Pictured at the commissioning of the block are Ohangwena governor Valde Ndevashiya, DBN CEO Martin Inkumbi, constituency councillor Lonia Shinana-Kaishungu and the principal of Sakaria H. Nghikembua, Junias T. Nghishoongele.

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Premier League: Brighton 0 vs 4 Manchester City | Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea SerieA: Udinese 1 vs 2 AS Roma European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton Katima Mulilo: 16° | 33° Rundu: 16° | 33° Eenhana: 16° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 32° Otjiwarongo: 14° | 31° Omaruru: 16° | 34° Windhoek: 15° | 29° Gobabis: 18° | 30° Henties Bay: 15° | 22° Wind speed: 26km/h, Wind direction: S, Low tide: 10:31, High tide: 04:30, Low Tide: 22:38, High tide: 16:57 Swakopmund: 15° | 18° Wind speed: 28km/h, Wind direction: SW, Low tide: 10:29, High tide: 04:28, Low Tide: 22:36, High tide: 16:55 Walvis Bay: 16° | 26° Wind speed: 34km/h, Wind direction: SW, Low tide: 10:29, High tide: 04:27, Low Tide: 22:36, High tide: 16:54 Rehoboth: 17° | 31° Mariental: 20° | 34° Keetmanshoop: 22° | 34° Aranos: 20° | 33° Lüderitz: 13° | 24° Ariamsvlei: 20° | 35° Oranjemund: 17° | 30° Luanda: 26° | 29° Gaborone: 18° | 27° Lubumbashi: 11° | 25° Mbabane: 13° | 17° Maseru: 9° | 23° Antananarivo: 14° | 27° Lilongwe: 14° | 26° Maputo: 18° | 25° Windhoek: 15° | 29° Cape Town: 15° | 27° Durban: 17° | 22° Johannesburg: 15° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 26° Harare: 14° | 26° Currency: GBP to NAD 23.6 | EUR to NAD 20.28 | CNY to NAD 2.61 | USD to NAD 18.86 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.68 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.87 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74329.37 Down -0.25% | Namibian Stock Exchange (NSX) Overall Index 1642.69 Up +6.30% | Casablanca Stock Exchange (CSE) MASI 13346.81 Up +0.49% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 349.19/OZ UP +0.79% | Copper US$ 4.55/lb UP +0.89% | Zinc US$ 2 893.40/T UP 1.37% | Brent Crude Oil US$ 89.23/BBP UP +0.38% | Platinum US$ 914.51/OZ DOWN -0.0015 Sport results: Premier League: Brighton 0 vs 4 Manchester City | Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea SerieA: Udinese 1 vs 2 AS Roma European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton Weather: Katima Mulilo: 16° | 33° Rundu: 16° | 33° Eenhana: 16° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 32° Otjiwarongo: 14° | 31° Omaruru: 16° | 34° Windhoek: 15° | 29° Gobabis: 18° | 30° Henties Bay: 15° | 22° Wind speed: 26km/h, Wind direction: S, Low tide: 10:31, High tide: 04:30, Low Tide: 22:38, High tide: 16:57 Swakopmund: 15° | 18° Wind speed: 28km/h, Wind direction: SW, Low tide: 10:29, High tide: 04:28, Low Tide: 22:36, High tide: 16:55 Walvis Bay: 16° | 26° Wind speed: 34km/h, Wind direction: SW, Low tide: 10:29, High tide: 04:27, Low Tide: 22:36, High tide: 16:54 Rehoboth: 17° | 31° Mariental: 20° | 34° Keetmanshoop: 22° | 34° Aranos: 20° | 33° Lüderitz: 13° | 24° Ariamsvlei: 20° | 35° Oranjemund: 17° | 30° Luanda: 26° | 29° Gaborone: 18° | 27° Lubumbashi: 11° | 25° Mbabane: 13° | 17° Maseru: 9° | 23° Antananarivo: 14° | 27° Lilongwe: 14° | 26° Maputo: 18° | 25° Windhoek: 15° | 29° Cape Town: 15° | 27° Durban: 17° | 22° Johannesburg: 15° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 26° Harare: 14° | 26° Economic Indicators: Currency: GBP to NAD 23.6 | EUR to NAD 20.28 | CNY to NAD 2.61 | USD to NAD 18.86 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.71 | ZWL to NAD 0.04 | BRL to NAD 3.68 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.87 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74329.37 Down -0.25% | Namibian Stock Exchange (NSX) Overall Index 1642.69 Up +6.30% | Casablanca Stock Exchange (CSE) MASI 13346.81 Up +0.49% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 349.19/OZ UP +0.79% | Copper US$ 4.55/lb UP +0.89% | Zinc US$ 2 893.40/T UP 1.37% | Brent Crude Oil US$ 89.23/BBP UP +0.38% | Platinum US$ 914.51/OZ DOWN -0.0015