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Celebrate Enterprise and Innovation Excellence in 2017

 

Leaders and captains of Namibian industry will gather on 15 November 2017, to applaud the best of Namibian enterprises and innovation, as the Development Bank of Namibia once again hosts the prestigious Good Business Awards and Innovation Award. Join us in recognising Namibian excellence, financed and supported by the Development Bank of Namibia.

 

 

2015 Winner Medi-rad
2016 Winner Kiyomisandz 

Learn about our 2017 winners: 2017 Good Business Awards & Innovation Award

 

The Development Bank of Namibia (DBN) will introduce its financing for enterprise and infrastructure – and requirements for financing – from 09.10.2017 to 13.10.2017, in Hardap and //Karas.

Potential borrowers for large and SME enterprises are invited to attend information sessions to be held in the following towns :

 

 

Town

Location

Time

Date

Rehoboth

 Rehoboth Community Hall

10h00 AM - 11h00 AM

 Monday - 09.10.2017

Mariental

 Mariental Hotel

11h30 AM - 13h00 PM

Tuesday - 10. 0.2017

Lüderitz

Lüderitz Nest Hotel

11h30 AM - 13h00 PM

Thursday - 12.10.2017

Oranjemund

Zacharia Lewala Community Hall

12h00 PM - 16h00 PM

Friday  - 13.10.2017

 

For more information Call Edla Kaveterua on 061 290 8000 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Development Bank of Namibia (DBN) CEO Martin Inkumbi has announced that the Bank will resume financing for SMEs. The announcement follows in the wake of the suspension of operations of SME Bank.

 

Talking about the resumption of SME finance, Inkumbi says that due to the gap in the market for finance, the Bank and the Minister of Finance, Hon. Calle Schlettwein, the Bank’s shareholder representative, have agreed that DBN should take the necessary steps to resume its financing activities for SMEs.

 

Inkumbi says that the Bank has the capacity, the necessary pool of capital, as well as the ability to redirect human resource capacity to fill the gap. Previously, the Bank shifted its focus to providing finance for larger enterprises. Inkumbi, however, states that the Bank has maintained its stable of SME borrowers that it developed prior to the shift in focus, and that new borrowers will be inducted into the current system.

 

Asked about what SME borrowers can expect from DBN, Inkumbi says that new applicants will be required to demonstrate viability of proposals for finance in terms of the Bank’s assessment process, including business plans, the necessary human resources to maintain operations, willingness to share risks with the Bank, and consideration of aspects of risk entailed in individual applications.

 

Asked about new elements that may impact SMEs, Inkumbi notes that DBN has put in place an environmental and social management system to ensure adherence to relevant environmental and social legislation, and to minimize negative impacts on the environment.

 

He also says that the Bank has introduced a client support function which can provide coaching and mentorship to further develop capacity for SMEs.

 

On the topic of the current SME Bank borrowers, Inkumbi states that DBN will not necessary be taking over existing loans, but will consider new financing requirements to start and or expand business activities.  All applications for finance will be subject to DBN’s normal due diligence process. This process, he explains, was established, and has been tested and refined over the years, since the Bank’s inception in 2004.

 

All applications for SME finance will be treated on individual merit, based on the appraisal of the Bank’s Portfolio Managers, as well as its Credit and Risk Committees. Inkumbi directs potential applicants to the Bank’s website, www.dbn.com.na, where they can find out more about the requirements for borrowing and download application forms.

 

The Bank, Inkumbi concludes, is aware of the importance of SMEs for the economic development of Namibia. Consequently, successful applicants for SME finance can expect more in terms of support.

 

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