Winner of N$1 million in the Development Bank of Namibia 2018 Innovation Award, VNA Native Foods. VNA provided a plan to manufacture powdered soup made from African spinach. The product will provide and additional outlet for local agriculture, contribute to agri-industry and be an alternative to imported powdered soups. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
Winner of N$1 million in the Development Bank of Namibia 2018 Innovation Award, VNA Native Foods. VNA provided a plan to manufacture powdered soup made from African spinach. The product will provide and additional outlet for local agriculture, contribute to agri-industry and be an alternative to imported powdered soups. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

Development Bank of Namibia 2018 Good Business Awards

Nov 16 2018

One million Innovation Award goes to Namibian food manufacturing project

Good Business Award winner status to Namibia Plastics and Puma Goreangab Waterfront Service Station

 

Winner of N$1 million in the Development Bank of Namibia 2018 Innovation Award, VNA Native Foods provided a plan to manufacture powdered soup made from African spinach. The product will provide and additional outlet for local agriculture, contribute to agri-industry and be an alternative to imported powdered soups. The Deputy Minister of Finance, Natangwe Ithete, presented the Award, alongside Chairperson of the DBN Board, Tania Hangula.

 

Talking about the Award, DBN CEO Martin Inkumbi said the Bank believes that innovation can bring about new products, new business concepts and new enterprises or even industries, which will create employment opportunities, economic growth and economic diversification.  He encouraged Namibians to think and act innovatively.

 

Explaining the Award entry requirement, Inkumbi said the Bank asked entrants to show that they have done the business planning and cash flow projections, that they have thought their innovation through from beginning to end, and that they can launch their innovative business concept in a relatively short period of time, or that they have launched it already.

 

First runner-up in the Innovation Award, Aqua Greens Namibia, provided a plan to grow food using aquaponics, and farm fish, enhancing food security. Second runner-up Braveart Website proposed a website specializing in Namibian stock photography. This will improve marketing potential for Namibian photographers.

 

Winner of the Good Business Awards large enterprise category, Namibia Plastics manufactures packaging for leading Namibian brands, contributing to Namibia’s drive towards industrialisation through manufacturing, and substantially reducing import requirements for packaging.

 

Talking about the nature of the Good Business Awards, DBN Chairperson Tania Hangula said the Bank believes that their borrowers’ success are the Bank’s successes.  Borrower success creates an enterprise environment as well as socio-economic development which lies at the heart of the Bank’s vision of national development.

 

Hangula added that the Bank forms an understanding of client business models, monitors loans and stays in regular contact.

 

First runner-up in the Development Bank of Namibia 2018 Good Business Awards large enterprise category, Nampro Fund is an investment fund established in 2010 to support SME suppliers that require funding to execute value adding contracts. Partial funding for on-lending to SMEs was provided by DBN.

 

Second runner-up in the Development Bank of Namibia 2018 Good Business Awards large enterprise category, OLC Arandis Solar is the first solar energy farm to sign a power production agreement with a RED, in this case Erongo RED. Established by Olthaver & List and Cronimet Mining Power Solutions, the company partners with the Women of Destiny Trust to provide benefits to women and children.

 

Winner of the Development Bank of Namibia 2018 Good Business Awards SME category, Puma Goreangab Waterfront Service Station refuels approximately 2,000 cars daily, provides retail facilities for the communities of Goreangab, Greenwell Matongo, Hakahana, Wanaheda and Otjomuise and provides more than 50 jobs. Banking facilities provide deposit facilities for informal traders and micro enterprises in the vicinity of Eveline Street, as well as general banking for the communities.

 

First runner-up in the Development Bank of Namibia 2018 Good Business Awards SME category, Ondangwa Airport Lodge focuses on business travel and, in addition to accommodation, also provides facilities for conferencing and events, effectively strengthening the business environment in Ondangwa.

 

Second runner-up in the Development Bank of Namibia 2018 Good Business Awards SME category, Roadhouse Guest House creates additional capacity on the route between Etosha National Park and north-eastern Namibia, and has created permanent jobs in Omuthiya.

 

The winners of the large enterprise and SME categories won awards of N$150,000 and N$100,000 respectively, which will be reapplied to the businesses.

 

While lauding the winners, the Deputy Minister of Finance, Natangwe Ithete said that the Government, through its policies, has put in place an institutional environment which provides finance for infrastructure, larger enterprises and SMEs with the aim of promoting economic activity and inclusivity. He urged project promoters to familiarize themselves with the opportunities provided by the Government and make the best possible use of them.

  

Winner of the Development Bank of Namibia 2018 Good Business Awards large enterprise category, Namibia Plastics. The company manufactures packaging for leading Namibian brands, contributing to Namibia’s drive towards industrialisation through manufacturing, and substantially reducing import requirements for packaging. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
First runner-up in the Development Bank of Namibia 2018 Good Business Awards large enterprise category, Nampro Fund. Nampro Fund is an investment fund established in 2010 to support SME suppliers that require funding to execute value adding contracts. Partial funding for on-lending to SMEs was provided by DBN. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
Second runner-up in the Development Bank of Namibia 2018 Good Business Awards large enterprise category, OLC Arandis Solar. The entity is the first solar energy farm to sign a power production agreement with a RED, in this case Erongo RED. Established by Olthaver & List and Cronimet Mining Power Solutions, the company partners with the Women of Destiny Trust to provide benefits to women and children. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
Winner of the Development Bank of Namibia 2018 Good Business Awards SME category, Puma Goreangab Waterfront Service Station. The service station refuels approximately 2,000 cars daily, provides retail facilities for the communities of Goreangab, Greenwell Matongo, Hakahana, Wanaheda and Otjomuise and provides more than 50 jobs. Banking facilities provide deposit facilities for informal traders and micro enterprises in the vicinity of Eveline Street, as well as general banking for the communities. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
First runner-up in the Development Bank of Namibia 2018 Good Business Awards SME category, Ondangwa Airport Lodge. The lodge focuses on business travel and, in addition to accommodation, also provides facilities for conferencing and events, effectively strengthening the business environment in Ondangwa. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
Second runner-up in the Development Bank of Namibia 2018 Good Business Awards SME category, Roadhouse Guest House. Roadhouse creates additional capacity on the route between Etosha National Park and north-eastern Namibia, and has created permanent jobs in Omuthiya. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
First runner-up in the Development Bank of Namibia 2018 Innovation Award Aqua Greens Namibia. By growing food using aquaponics, and fish, food production can take place throughout the year, enhancing food security. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
Second runner-up in the Development Bank of Namibia 2018 Innovation Award, Braveart Website proposed a website specializing in Namibian stock photography. This will improve marketing potential for Namibian photographers. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.
Make use of financing opportunities. At the Development Bank of Namibia Good Business and Innovation Awards, Deputy Minister of Finance, Natangwe Ithete, while lauding the winners, urged enterprises to familiarize themselves with the institutions put in place by the Government to provide finance for development of economic activities.
The quality of shared successes. Talking about the nature of the Good Business Awards at the Development Bank of Namibia Good Business and Innovation Awards, DBN Chairperson Tania Hangula said the Bank believes that borrowers’ success are the Bank’s successes. This success creates an enterprise environment as well as socio-economic development which lies at the heart of the Bank’s vision of national development.
A voice for innovation. Speaking at the event of the Development Bank of Namibia Good Business and Innovation Awards, CEO Martin Inkumbi said the N$1 million award for innovation would bridge many of the costs of establishing an innovative enterprise, but that the enterprise would still have to use the award judiciously.
Last modified on Sunday, 18 November 2018 10:15

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