DEVELOPMENT BANK 2022 GOOD BUSINESS AWARDS
04/11/2022 Wins for land servicing and education, strong showings for tourism, manufacturing and transport and logistics The Development Bank of Namibia (DBN) hosted its prestigious 2022 Good Business Awards in Windhoek on the night of 3 November 2022. Officiated over by the Vice President, His Excellency, Dr. Nangolo Mbumba, the event was attended by leading […]
STANDARD BANK JOINS CREDIT GUARANTEE SCHEME, OFFERS 60% COLLATERAL REDUCTION FOR QUALIFYING SMES
Standard Bank Namibia has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60% for qualifying SMEs applying for finance from participating commercial finance institutions. Standard Bank’s Enterprise Direct Manager, Felicia Jooste said the bank has a genuine desire to see SME’s grow and thrive in difficult economic […]
DEVELOPMENT BANK OF NAMIBIA TO LAUNCH KFW-SUPPORTED COVID-19 BUSINESS RELIEF LOANS
Development Bank of Namibia (DBN) has announced that it will launch Covid-19 business relief loans on 18 January 2021. The Bank will provide finance equivalent to 3 months up to a maximum of 6 months working capital for enterprises affected by Covid-19. The term of the loan will be a maximum of 60 months. These […]
UNIQUE 2019 INNOVATION AWARD WINNER MAKES STRIDES
UNIQUE PRODUCT WILL ASSIST ELECTRICITY CONSUMPTION MANAGEMENT AND PROVIDE INTERNET Winner of the Development Bank of Namibia (DBN) 2019 Innovation Award, Pulsar Electronics, is making strides with a DBN enterprise development and support package that is securing the future of its award winning business proposal. Pulsar’s innovative product, known as GridX, offers the twofold benefits […]
DEVELOPMENT BANK SHOWCASES SKILLS-BASED FINANCE FOR YOUNG ARTISAN
MEKEMO TRADING FILLS AUTOMOTIVE ENGINEERING ENTERPRISE GAP Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans. The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or […]
DEVELOPMENT BANK SEEKS SUSTAINABILITY FOR NKURENKURU
The Development Bank of Namibia (DBN) recently signed an agreement with the Nkurenkuru Town Council for an N$2.58 million feasibility study, funded by the Bank’s Project Preparation Fund (PPF) for the town’s proposed Extension 6. Talking about the need for the feasibility study, DBN CEO Martin Inkumbi said that local authorities are overarching agents of […]