Home African Development Bank and DBN discuss partnership March 26, 2024 The African Development Bank’s (AfDB) Dr João L. Ngimbi, Executive Director of Southern Africa GroupII Constituency, visited the Development Bank of Namibia (DBN) as part of his consultation mission toNamibia. The objective of the mission is to, amongst others, provide and update on recent...
Martin Endjala The Development Bank of Namibia is leveraging development partnerships with other development finance institutions such as the African Development Bank (AfDB), which is a critical enabler of DBN’s strategy. This follows a meeting that took place in Windhoek between the two banks last week. The meeting was part of the consultation mission to...
DBN behou sy rommelstatus Die kredietgraderings-agentskap Fitch Ratings, het die Ontwikkelingsbank van Namibië se langtermynskuld in buitelandse valuta, die rand uitgesluit, op twee range onder beleggingsgraad gehou. Die agentskap sê die verhouding van fase-3 verswakte lenings van die bank het van 13 persent aan die einde van Maart 2020 tot 33 persent aan die einde...
The African Development Bank’s (AfDB) Dr João L. Ngimbi, Executive Director of Southern Africa Group II Constituency, visited the Development Bank of Namibia (DBN) as part of his consultation mission to Namibia. The objective of the mission is to, amongst others, provide and update on recent developments at the AfDB and to engage with member...
Fitch Ratings on Friday affirmed Development Bank of Namibia Limited’s (DBN) Long-Term Issuer Default Ratings (IDR) at ‘BB-‘ and its National Long-Term Rating at ‘AA+(zaf)’. The outlooks are stable. “DBNs ‘BB-‘ Long-Term IDRs are driven by potential support from the Namibian authorities, as expressed by its Government Support Rating (GSR) of ‘bb-‘. DBN’s Long-Term IDRs...
A senior team from the World Bank visited the Development Bank of Namibia (DBN) last week to explore development co-operation between the two development financiers. The discussions focused on the preparation of a technical background paper of the financial sector for the Namibia Climate Change and Development Report. Ajai Nair, World Bank Senior Financial Sector...
The Development Bank of Namibia (DBN) and the World Bank have engaged to explore cooperation between the two development financiers. This comes as the senior team from the World Bank paid a visit to DBN to explore avenues of cooperation. The focal point of the discussions revolved around the preparation of a technical background paper...
Inceptus Energy has secured financing for the University of Namibia (UNAM) N$65 million solar project from the Development Bank of Namibia (DBN) and Old Mutual Namibia. The project, whose construction commenced in Quarter 2 of 2023 and is on track for completion by the end of Quarter 1, 2024, boasts an installed solar PV capacity...
Martin Endjala The Development Bank of Namibia (DBN) has clarified its position regarding the Small Medium Enterprise (SME) loan scheme, stating that collateral is a mandatory requirement for all applicants. This announcement comes amid frustrations voiced by several entrepreneurs who have faced loan rejections due to the absence of collateral. DBN’s Head of Marketing and...
The Keetmanshoop Municipality has applied for an N$11.9 million loan from the Development Bank of Namibia (DBN) to upgrade its electricity infrastructure. This transpired at the presentation of the municipality’s ministerial-approved N$296.8 million operational budget to residents on Tuesday. Khoetage Dax, Keetmanshoop Electricity Business Unit manager, revealed that DBN has approved the loan pending ministerial...