1 day’s trading for drought
The Bank of Namibia this week donated N$2.5 million to the Emergency Disaster Fund.
In addition, employees of the bank raised an amount of N$37,244 in their personal capacities.
The Governor of the central bank, Ipumbu Shiimi handed the donation to Prime Minister Dr Hage Geingob at the Prime Minister’s office witnessed by Finance Minister, Saara Kuugongelwa-Amadhila who approved the bank’s contribution to the fund.
Handing over the donation, Governor Shiimi said “Our country is currently experiencing one of the worst droughts in decades resulting in many of our fellow Namibians struggling to meet their most basic needs to survive.
During times of difficulty, it is the collective moral responsibility of all Namibians, corporates and individuals, to pull forces together and support our government to alleviate the plight of the most vulnerable”.
Prime Minister Geingob commended the bank for its contribution.
He also thanked the employees of the Bank of Namibia for an exemplary gesture.
Jefta Itenge, the Director of the Directorate of Disaster Risk Management in the Office of the Prime Minister, said the funds will be used for the purpose they are intended for and will be accounted for accordingly.