DBN’s long-term ratings steady with positive outlook

Fitch Ratings has affirmed the Development Bank of Namibia Limited’s Long-Term Issuer Default Ratings at ‘BB-‘ and its National Long-Term Rating at ‘AA+, with a stable outlook. Fitch said although DBN recorded a loss of N$270 million for the 2023 financial year due to high loan impairment charges, it forecasts the bank to turn profitable. Here is economic researcher Josef Sheehama.

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Written by: Tonata Kadhila

Development Bank of Namibia Economic Research Financial Forecast Fitch Ratings Loan Impairment Charges Long-Term Issuer Default Ratings National Long-Term Rating Stable Outlook

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Kuugongelwa-Amadhila stresses need for strong legal framework in oil and gas sectors

By: Hertha Ekandjo Speaker of the National Assembly, Saara Kuugongelwa-Amadhila, has emphasised the importance of a strong legal framework and effective public institutions to manage resources in Namibia’s burgeoning oil and gas sectors. She noted that these industries present new opportunities for economic growth, employment, and poverty reduction, but only […]

March 24, 2025 13