insert_link Business / Economics Development Bank of Namibia secures direct access to Green Climate Fund By: Vitalio Angula In what economists describe as a win for the country, the Development Bank of Namibia (DBN) recently announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity under its medium-sized project category. This milestone makes DBN the first institution in Namibia to acquire this status, qualifying the bank for funding between USD 50 million and USD 250 million. The accreditation allows DBN […] today14 July, 2025
insert_link Oshiwambo O DBN oya konga omukuli goodola obilion 1.5 okuza ko African Development bank O Development Bank of Namibia oya mono omukuli goodola oobilion 1.5 okuza ko African Development Bank oku yambidhidha oopololeka dhiikwankondo yopaunshitwe,oku gwedha ongushu komalyenge guunafalama ,noongeshefa tadhi kwatelwa komeho kaakiintu,onga oshitopolwa shoonkambadhala dhoku yamukula kiipambele yopaliko yoshilongo. today8 April, 2025
insert_link Business / Economics Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts The Development Bank of Namibia has announced an investment of over N$21 billion towards the country's development, resulting in the creation of more than 76,000 jobs since its establishment 20 years ago. For the FY2023/2024, according to reports by The Brief, the bank reported a net operating profit of N$62 million, a significant recovery from the N$270 million loss in 2022. Although the bank aimed for a N$100 million profit, […] today1 November, 2024
insert_link Namibia DBN and One Economy Foundation Partner for Inclusive Economic Growth The Development Bank of Namibia and One Economy Foundation have entered into a five-year Strategic Comprehensive Partnership Agreement focused on fostering sustainable economic growth, youth empowerment, and community development across the country. This significant partnership underscores their shared dedication to promoting equality and expanding socio-economic opportunities for marginalized groups, especially youth, women, and rural entrepreneurs. today24 October, 2024
insert_link Business / Economics Development Bank of Namibia and One Economy Foundation sign deal The Development Bank of Namibia and the One Economy Foundation have signed a partnership to promote sustainable economic growth, youth empowerment, and community development. The collaboration focuses on mentorship, capacity building, and enterprise development, with a special emphasis on supporting youth, women, and rural entrepreneurs. Development Bank of Namibia CEO, John Steytler. today23 October, 2024
insert_link Business / Economics Trans Namib’s hydrogen-powered train expected by April 2025 TransNamib has temporarily suspended a project to convert two locomotives to run on hydrogen and diesel using locally produced green hydrogen. This follows the approval of a N$2.6 billion loan from the Development Bank of Namibia and the Development Bank of Southern Africa to help modernise its fleet. TransNamib and the Namibia Green Hydrogen Programme expect a hydrogen-powered locomotive operational by April next year, according to TransNamib spokesperson Abigail Raubenheimer. […] today16 September, 2024
insert_link Business / Economics Bank of Namibia and Development Bank Forge Alliance for Economic Growth The Bank of Namibia and the Development Bank of Namibia have signed a Memorandum of Understanding to bolster economic growth in Namibia. This collaboration aims to enhance their respective roles in driving sustainable economic development and improving social welfare. Sandra Garises, the Bank's principal communication officer. today18 June, 2024
insert_link Business / Economics Namibian Local Content Conference 2024 underway at Lüderitz The Namibian Local Content Conference 2024 is currently underway in Lüderitz. The conference is tackling ways how to ensure that the country's oil and gas discoveries benefit Namibians. Minister of Mines and Energy, Tom Alweendo, said that it also presents an opportunity for the business community to contribute to the policy framework. Erik De Waal from the Development Bank of Namibia explained the types of financing that could support […] today17 April, 2024
insert_link Business / Economics 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. today26 March, 2024
