Development Bank of Namibia (DBN) Executive of Marketing and Corporate Communication, Jerome Mutumba, has announced the resumption of the Good Business Awards on 3 November 2022, with finalists and winners to be announced at the gala dinner on the same night at Safari Hotel.

The high profile Awards were last held in 2019, were suspended for two years due to Covid-19.

Mutumba said this year’s winners will come from the tourism and hospitality sector, private education, land servicing, manufacturing and the transport and logistics sector.

Talking about the Awards, Mutumba said that they have a twofold purpose. Firstly, they highlight enterprises that have an exemplary development impact combined with excellent administrative practices that contribute to viability and longevity of the enterprise. Secondly, they showcase the contribution that the Bank, through its finance, makes towards development and economic activity in Namibia.

As befits an event of this magnitude, he said, the keynote speaker at this years’ event will be Dr. Nangolo Mbumba, Vice President of the Republic of Namibia, who will confer the awards.

The finalists and winners were determined by a panel consisting of independent judges and experts in their fields from among Development Bank employees.

In previous years, the Bank also conferred an annual Innovation Award. Although the Award will not be conferred in 2022, Mutumba said he was confident that the Innovation Award would resume in 2023.

Talking about the quality of finalists and winners, Mutumba said that the standard is very high. Although there can only be one winner in each if the categories, all of the finalists are exceptional, and represent a win for the Namibian economy and the Bank, he concluded.