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July 2026
The Namibian
Development Bank of Namibiahas establishedGood Business Awards that recognise clients who honour their loan commitments
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“Examples are the Development Bank of Namibia's Good Business Awards that recognise clients who honour their loan commitments, while its innovation awards encourage new and smarter ideas for wealth creation.”
Development Bank of Namibiahas establishedinnovation awards that encourage new and smarter ideas for wealth creation
Source
“Examples are the Development Bank of Namibia's Good Business Awards that recognise clients who honour their loan commitments, while its innovation awards encourage new and smarter ideas for wealth creation.”
Development Bank of Namibia (DBN)has securedUS$1 million grant from the Green Climate Fund
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“The Development Bank of Namibia (DBN) has secured a US$1 million grant from the Green Climate Fund (GCF) to strengthen Namibia's climate finance ecosystem and support investment in climate-resilient and low-carbon development initiatives.”
DBNcould directly accessup to US$250 million in climate finance from the GCF
Source
“Through its accreditation, DBN could directly access up to US$250 million in climate finance from the GCF to support climate-related initiatives in Namibia.”
Development Bank of Namibia (DBN)successfully acquireda US$1 million grant from the Green Climate Fund
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“The Development Bank of Namibia's (DBN) successful acquisition of a US$1 million grant from the Green Climate Fund (GCF) represents far more than a modest injection of funding.”
Development Bank of NamibiasecuredUSD 1 million Readiness Grant from Green Climate Fund
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“THE Development Bank of Namibia (DBN) has announced the approval of a USD 1 million Readiness Grant from the Green Climate Fund (GCF) under the GCF Readiness and Preparatory Support Programme.”
Development Bank of Namibiaachieved accreditation toGreen Climate Fund in July 2025
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“This milestone follows DBN's successful accreditation to the Green Climate Fund in July 2025, making the Bank one of the few regional and international accredited entities approved for funding under the GCF's 2024–2027 Readiness Support Window.”
Development Bank of Namibiawas urged by PM to provideclear and constructive feedback to aspiring entrepreneurs on applications
Source
“THE Prime Minister, Dr Tjitunga Elijah Ngurare, has urged the management and staff of the Development Bank of Namibia (DBN) to provide clear and constructive feedback to aspiring entrepreneurs on their applications, rather than leaving them without guidance when improvements are needed.”
MTC recorded profits of N$1.45 billion in the 2025 financial year, reinforcing its status as Namibia's most profitable public enterprise in the 2026 IJG Public Enterprise Governance Ranking. Other state-owned enterprises including NamPort, NamPower, and NamibRe showed mixed financial performance, with NamPort emerging as a strong turnaround performer with profits rising to N$864.5 million.
MTC recorded profits of N$1.45 billion in the 2025 financial year, reinforcing its status as Namibia's most profitable public enterprise in the 2026 IJG Public Enterprise Governance Ranking. Other state-owned enterprises including NamPort, NamPower, and NamibRe showed mixed financial performance, with NamPort emerging as a strong turnaround performer with profits rising to N$864.5 million.
Mobile Telecommunications Limited (MTC) scored 20 out of 20 in IJG Securities' 2026 Public Enterprise Governance Ranking, which assessed public enterprises over five years on annual report publication, profitability, fiscal transfer reliance, and CEO stability. NamPort, Agribank, and NamibRe placed second with 19 points each, while NamPower and NamWater tied for fifth with 18 points.
Namibia has shifted its economic focus from job creation to enterprise development and entrepreneurship support. The editorial argues that building broad prosperity requires embedding entrepreneurship education from primary school through vocational training, and that Namibians must understand they must create their own opportunities rather than wait for salaried employment.
A Windhoek High Court judge has ordered businessmen Peter and Malakia Elindi and three close corporations to pay N$28.8 million to the Development Bank of Namibia in a summary judgement, arising from loan agreements with the fuel company Enercon Namibia, of which the Elindis are former directors and shareholders.
Robert Eiman officially assumed duty as Agribank's Chief Executive Officer on 1 July 2026 for a five-year term, as the institution pursues organisational transformation to strengthen agricultural finance delivery in Namibia. A new Board of Directors, chaired by Silvia Makgone, will provide strategic oversight during the bank's efforts to enhance sustainability and deliver more innovative financing solutions to the agriculture sector.
Ohorongo Cement says its merger with Schwenk Namibia's Cheetah Cement, approved with conditions by the minister of industries, mines and energy, will not result in job losses but will involve staff relocation from Otjiwarongo to Otavi and increased local ownership requirements.
An N$18 million grant fund from the Pro-SME Project, a joint Namibian-German initiative, is available to young entrepreneurs and small businesses to help them formalise, expand and create jobs, with the first application round closing on 24 July.
Andrada Mining reported record tin production of 286 tonnes at Uis in the quarter ended 31 May 2026, a 20% increase year-on-year, with tin concentrate production also reaching a record 473 tonnes. The company secured N$98 million in funding for a tin ore-sorting expansion and advanced lithium and tungsten projects through drilling programmes.
The Development Bank of Namibia has received a US$1 million grant from the Green Climate Fund to strengthen institutional capacity and mobilise climate finance for climate-resilient and low-carbon development initiatives over 2026–2027. Through its GCF accreditation, DBN can directly access up to US$250 million in climate finance to support climate-related projects in Namibia.
The Development Bank of Namibia received a US$1 million grant from the Green Climate Fund following its accreditation in 2025, unlocking potential access to up to US$250 million in future climate financing and strengthening Namibia's position in the global green economy.
The Development Bank of Namibia has been approved for a USD 1 million Readiness Grant from the Green Climate Fund to strengthen its institutional capacity and mobilise investment for climate-resilient and low-carbon development. The grant follows DBN's accreditation to the GCF in July 2025, and a programme titled "Strengthening Institutional Capacity and Catalysing Private Sector Climate Investments in Namibia" will be implemented during 2026–2027.
The governor of Kavango West announced that construction of the Rupara Maternity Ward is nearing completion with N$1 million support from the Development Bank of Namibia. The facility is expected to improve maternal and childcare services and reduce maternal and infant health risks in surrounding communities.
Prime Minister Dr Tjitunga Elijah Ngurare visited the Development Bank of Namibia to assess the National Youth Development Fund and urged officials to provide clear, constructive feedback to applicants whose submissions need improvement, rather than leaving them without guidance. He called for faster resolution of administrative bottlenecks and innovative outreach to fully utilise the N$500 million allocated to the fund.
As TotalEnergies and other companies approach final investment decisions on Orange Basin projects before 2026, the oil and gas sector will begin broad procurement across raw materials, infrastructure, and services. However, most Namibian small and medium enterprises are not yet positioned to compete for these opportunities.
Andrada Mining Limited has secured N$98 million in conditional debt financing from Bank Windhoek and the Development Bank of Namibia to support expansion projects at Uis Mine in Erongo. The funds will be used for construction and commissioning of an ore-sorting circuit, increased crushing capacity, accelerated stripping activities, and resource estimates.
Two senior TransNamib Holdings executives suspended in February over allegations of property mismanagement and statutory breaches returned to work on Tuesday following a directive from the works and transport minister. Their disciplinary hearing is continuing.
A year after cancellation over single-sourcing concerns, TransNamib will restart the process to buy 23 new locomotives for N$1.7 billion following an independent technical evaluation of manufacturers. The procurement will proceed through the Central Procurement Board of Namibia using secured development finance.
The Development Bank of Namibia has launched a new Client Portal, a secure, mobile-friendly digital platform enabling existing clients to manage their profiles, access account information, and connect with portfolio analysts. The launch forms part of the Bank's five-year strategic plan prioritising digital transformation for improved service delivery and client engagement.
President Nandi-Ndaitwah announced expanded government programmes to address youth unemployment through training, skills development, and funding. The initiatives include mushroom cultivation and biomass training, the Youth Credit Scheme, and the Youth Development Fund, which has approved 211 projects worth N$63.1 million with potential to create 898 jobs.
The state-owned Roads Contractor Company has requested a N$500 million loan from the Development Bank of Namibia to build sport stadiums across 14 regions without a public tender process. The project, part of the president's infrastructure pledge to all 121 constituencies, has raised concerns about unclear costs, lack of transparency, and potential involvement of foreign contractors despite a directive limiting subcontracting to local small and medium enterprises.
The Ministry of Education, Innovation, Youth, Sport, Arts and Culture said it had not appointed the Roads Contractor Company to source funding from the Development Bank of Namibia for sport stadiums, nor was it aware of or party to any loan application by the RCC. The ministry said it remains the custodian of sport infrastructure development and is implementing its national programme with N$5 million per facility as part of phase 1 of a long-term, phased approach.
The Development Bank of Namibia has disbursed N$1 billion towards a national health infrastructure programme, part of the government's "Roadmap" initiative. The funding will support construction of a 500-bed Windhoek District Hospital and district hospitals in Nkurenkuru, Otjiwarongo, and Ondangwa to address bed shortages and improve healthcare access.
The Development Bank of Namibia has allocated N$1 billion for construction of a 500-bed Windhoek District Hospital in Havana to address bed shortages and ease pressure on existing facilities in the Khomas region. The project is part of the government's healthcare infrastructure development plan and is expected to stimulate economic activity through construction and job creation, though land clearing remains pending before work commences.
Robert Eiman, chief executive of Nampost Financial Brokers, has been appointed as the new chief executive of Agribank effective 1 July, succeeding Raphael Karuaihe who retired in March.
The Development Bank of Namibia has launched "DBN for Her," a financing initiative designed to increase access to credit for women-owned businesses. The product offers loans at prime interest rate with a 12-month grace period and credit guarantee scheme to address the documented funding gap, with women having received only about 14% of DBN's total funding to date.
The Development Bank of Namibia has approved N$22.74 billion in loans since 2007, with only N$1.87 billion (14.3% of private sector funding) directed to women-owned enterprises. The bank launched the 'DBN for Her' programme and noted that women's share of approvals has declined to 5% in the current financial year, down from a peak of 22.6% in 2016/17.
The Development Bank of Namibia has launched DBN For Her, a women-focused financing initiative backed by N$400 million from the African Development Bank, offering loans ranging from N$150,000 to N$10 million to women-owned businesses employing between five and 300 people.
Rossmund Golf Course was sold for N$41 million at a judicial auction, with businessman Bokkie Thorburn as the winning bidder. The sale followed a default judgment obtained by the Development Bank of Namibia against the golf course operator for N$19.9 million plus interest.
Young entrepreneurs have received N$40.1 million through the Youth Development Fund since its launch last year. Development partners are introducing online applications, satellite offices in regions, and business workshops to improve access and address barriers including incomplete applications and limited awareness.
The Windhoek High Court rejected an urgent application by Rossmund Golf Course CC to stop a judicial auction of the course near Swakopmund, with Judge Gabriel Komboni ruling the applicants had not met the requirements for urgent hearing. The 53.6-hectare golf course was set to be auctioned on Wednesday following a default judgment for N$19.9 million owed to the Development Bank of Namibia.