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. todayJune 18, 2024 25
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 […] todayApril 17, 2024 88
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. todayMarch 26, 2024 11
insert_link 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 10
insert_link Namibia 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 25
insert_link Business / Economics Inceptus energy secures financing for UNAM solar project Inceptus Energy, a public-private partnership between Alensy Energy Solutions (Alensy) and Inceptus Holding (Inceptus), the business arm of the University of Namibia (UNAM), is pleased to announce the successful financial close with the Development Bank of Namibia (DBN) and Old Mutual Namibia for a groundbreaking solar project at UNAM. This partnership marks a significant milestone in advancing sustainable energy utilization in Namibia, with the project boasting an installed […] todayFebruary 15, 2024 25
insert_link Local 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 24
insert_link Local 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 17
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
