Finance for manufacturing
The Development Bank of Namibia views the manufacturing sector as a driver of economic activity and employment for Namibia. In addition to its own market, Namibia has excellent access to the SADC region, which provides a good outlook for manufacturers located in the country.
Among others, the Bank can provide finance for:
- Large-scale general manufacturing
- Value addition for local mineral resources
- Food and / or agri-processing
- Assembly of imported components
- Small-scale manufacturing (SMEs)
- Small-scale food processing in retail outlets (bakeries, butcheries, delis)
- Light industry and industrial engineering to support the sector
Structured, responsive finance for larger projects
The Bank structures finance for larger manufacturing enterprises to ensure that it promotes long-term viability.
The Bank distinguishes itself by developing a deep understanding of business models and project milestones, so that it can develop viable financing that takes enterprise sustainability, risk and growth into account.
The Bank defines SMEs as enterprises with an annual turnover of less than N$10 million. SME start-ups and expansion plans can be serviced by the DBN SME Centre in Windhoek, or by its offices in Ongwediva, Rundu and Walvis Bay.
For enterprises with less complex requirements DBN provides a range of financing products that may include:
Installment sales agreements (vehicles and other assets)
Property development finance (warehouses, offices, etc.)
Contract (tender) based finance
Management buy-ins and buy-outs
Assets for cargo transport (cranes, lifts, containers, etc.)