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December 29, 2024
Tag: DBN
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DBN appoints Mutenda as its new CFO – Windhoek Observer
Martin Endjala The Development Bank of Namibia (DBN) yesterday announced the appointment of Nicky Katapa Mutenda as its new Chief Financial Officer (CFO). Mutenda will assume his role on December 18, 2023, and is expected to serve for five years. John Steytler, DBN’s Chief Executive Officer, said that Mutenda’s appointment followed a thorough selection process...
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Nicky Mutenda appointed as new DBN CFO – Business Express
The Development Bank of Namibia (DBN) has announced 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...
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DBN Welcomes Nicky Katapa Mutenda as New Chief Financial Officer – Namibia Daily News
Staff Reporter WINDHOEK, November 30 — The bank is pleased to announce the appointment of Nicky Katapa Mutenda as the new Chief Financial Officer (CFO), effective from December 18, 2023, for a term of 5 years. Nicky’s selection follows a rigorous evaluation conducted by a panel consisting of six distinguished individuals from the DBN Board...
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DBN inspected N$3.6b loans in 2022/2023 – Windhoek Observer
During the 2022/2023 financial year, the Development Bank of Namibia inspected and assessed 63 projects valued at N$3.6 billion for compliance. The DBN said it monitors the implementation and progress of remedial actions for the loan’s tenure. The frequency and duration of monitoring depends on the type of transaction financed and the level of risk....
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DBN records a net loss of N$270 million – Windhoek Observer
Martin Endjala Development Bank of Namibia has recorded a net loss of N$270 million during the 2022/23 financial year compared to last year’s net loss of N$184.5 million. The loss is attributed to the COVID-19 pandemic, high inflation rates and poor economic performance amongst others.This is according to DBN’s Chief Executive Officer John Steytler, at...
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DBN fosters growth and empowers SMEs in Namibia – Windhoek Observer
Hertta-Maria Amutenja Namibia has forged ahead in bolstering its Small and Medium Enterprises (SMEs) through the launch of the National Mentoring and Coaching Programme, a brainchild of the Development Bank of Namibia (DBN). Acknowledging the indispensable role SMEs play in socio-economic development, Jerome Mutumba, the Chief Executive for Marketing and Corporate Communications, conveyed that the...
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Rossmund het nie verkoop nie, wat nou vir DBN? – Kosmos 94.1
Rossmund het nie verkoop nie, wat nou vir DBN? Die tweede veiling vir die Rossmund-gholflandgoed het die week misluk. Berigte lui die reserwepryse was te hoog. Die landgoed word op instruksie van die hoërhof opgeveil na ‘n aansoek deur die Ontwikkelingsbank van Namibië oor amper 20 miljoen Namibiese dollar se skuld. Kosmos 94.1 Nuus het...
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DBN, KfW sign N$600 million climate-related infrastructure loan – Business Express
The Development Bank of Namibian (DBN) and KfW Development Bank have signed the second concessional loan of around N$600 million (translating to €30 million) to be used for development of climate-related infrastructure, such as renewable energy, water and low-carbon transport projects. Financing mitigation and adaptation to climate change Climate-appropriate financing is fast-growing – not only...
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DBN und KfW: N$ 600 Mio. für klimafreundliche Infrastruktur
Beatrice Lucke (KfW-Landesdirektorin in Namibia) und Martin Inkumbi (DBN-Geschäftsführer) © DBN Die Namibische Entwicklungsbank (DBN) und die deutsche KfW wollen gemeinsam den Ausbau von nachhaltiger und klimafreundlicher Infrastruktur in Namibia finanziell unterstützen. Dafür hat die KfW der DBN einen Kredit in Höhe von N$ 600 Millionen genehmigt. Mit dem Geld möchte die DBN das Investment...