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Muni gwa Kaiti a mono omukuli goodola oomilion 12.5 okuza kombaanga yo Development bank of Namibia

Muni gwa Kaiti okwati okwa mona omukuli goodola oomilion 12.5 okuza kombaanga yomayambulepo goshilongo DBN-okupingenapo omakwatathano golusheno ngoka ga kulupa. Shika osha hololwa komukuluntu gomakwatathano nomayakulo gopautekinika Samuel Nashima ohela,pethimbo lyoshigongi shoshigwana shomomudhingoloko gwa Westdene. Nashima ta holola wo o budget ya Muni yili poomilion 308 yomumvo shimaliwa go 2024-2025,ndjoka ya pumbwa natango okuziminwa kuuministeli wehumitho komeho lyoondolopa nomikandi. Omanga koopopoleka dha thanekwa momumvo shimaliwa ngoka,Nashima a holola kutya omwa […]

todayMay 16, 2024 8

Business / Economics

Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable

  Opinion Piece, By Josef Kefas Sheehama     Fitch Ratings has affirmed DBN's Long-Term Issuer Default Ratings (IDR) at 'BB-' and it’s National Long-Term Rating at 'AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Namibian Development Bank (DBN) is the country's flagship and largest policy bank, contributing to economic and social development. Its strategy is in line with national development […]

todayMarch 26, 2024 8

Business / Economics

25 March 2024 Morning Biz News: Financial Insights: Updates from the Global Market

1. Fitch Ratings Affirms Development Bank of Namibia's Ratings Despite Losses Fitch Ratings recently announced its decision to maintain the Development Bank of Namibia Limited's Long-Term Issuer Default Ratings at 'BB-' and its National Long-Term Rating at 'AA+(zaf)', with a stable outlook. Despite facing a setback with a N$270 million loss in the 2023 financial year due to high loan impairment charges, Fitch remains optimistic about the bank's future. The […]

todayMarch 25, 2024 6


Development Bank of Namibia and World Bank Explore Collaboration

The Development Bank of Namibia and the World Bank have initiated discussions to explore cooperation between the two development financiers. A senior team from the World Bank visited DBN to discuss potential avenues of collaboration. The primary focus of the discussions was the preparation of a technical background paper concerning the financial sector for the upcoming Namibia Climate Change and Development Report.

todayMarch 22, 2024 14


Development Bank of Namibia (DBN) Appoints Nicky Katapa Mutenda as Chief Financial Officer

The Bank announces the appointment of Nicky Katapa Mutenda as the new Chief Financial Officer (CFO) with effect from December 18, 2023, for a period of 5 years. Nicky’ appointment follows a meticulous selection process conducted by a panel of six distinguished individuals drawn from the DBN Board and by external experts. Commenting on Nicky’ appointment, John Steytler, DBN CEO, expressed unwavering confidence in Nicky as a capable candidate with […]

todayNovember 30, 2023 8


Development Bank 2023 Good Business Awards

The Development Bank of Namibia (DBN) hosted its prestigious 2023 Good Business Awards in Windhoek on the night of 28 November 2023, and was officiated over by the Minister of Finance and Public Enterprises, Hon Ipumbu Shiimi. Winner of the SME category, Brandplan Advertising, is a proudly Namibian branding and signage manufacturing company. The company offers a wide range of products and services such as fully fitted joinery, corporate and […]

todayNovember 29, 2023 10