Also known as: DBN
Development Bank of Namibia — state development finance institution approving loans and managing infrastructure projects, currently managing balance sheet cleanup and shifting toward climate financing.
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.
20 March 2026 · Informanté →
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.
20 March 2026 · Informanté →
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.
18 March 2026 · The Namibian →
Landless People's Movement leader Bernardus Swartbooi has called on the government to consider exporting labour to address Namibia's 36.9% unemployment rate, citing examples from Kenya, Uganda and Ghana that place workers in Gulf Cooperation Council states. He criticised the government's emphasis on education without corresponding job creation and argued that investment in productive sectors like agriculture and energy should be prioritised over social spending.
16 March 2026 · New Era →
Opposition MPs and analysts have criticized the government's agreement to give China General Nuclear Power Group a 70% controlling stake in a N$3-billion coastal desalination plant while the state retains only 30%, raising concerns about water sovereignty and affordability for poor Namibians. NamWater and Swakop Uranium defended the joint venture structure as necessary to finance critical infrastructure while maintaining public sector participation.
15 March 2026 · The Namibian →
The finance ministry plans to reduce subsidies and capital transfers to state-owned enterprises from N$1.3 billion in 2025/26 to N$615.7 million in 2026/27, citing fiscal consolidation and high public debt. Several SOEs including TransNamib and the Agricultural Bank of Namibia will receive no government transfers, while priority support goes to the National Housing Enterprise and Road Fund Administration.
3 March 2026 · The Namibian →
President Nandi-Ndaitwah reported at the African Peer Review Mechanism Summit that the National Youth Development Fund, established in 2025 with N$500 million capitalisation, created over 700 jobs in the 2025/26 financial year through loans and grants without collateral requirements. Namibia is also addressing youth unemployment through free tertiary education, mandatory internship programmes, and vocational training centres across all 14 regions.
26 February 2026 · New Era →
President Netumbo Nandi-Ndaitwah announced that N$62.3 million from the National Youth Development Fund has been disbursed to 140 youth projects, creating approximately 722 jobs. The N$500 million fund, launched in 2025, provides loans and grants to young entrepreneurs without collateral requirements.
14 February 2026 · The Namibian →
The Bank of Namibia has appointed John Steytler and Helvi Fillipus to its monetary policy committee to strengthen the formulation and implementation of monetary policies aimed at safeguarding price stability. Steytler, with three decades of national and international experience including previous roles at the central bank and Development Bank of Namibia, joins as the first independent member, while Fillipus, currently an economic adviser at the Bank of Namibia, joins as the committee's youngest member.
12 February 2026 · The Namibian →
The Bank of Namibia has appointed Helvi Fillipus and Dr John Steytler to its Monetary Policy Committee. Fillipus, an economic advisor at the bank and its youngest MPC member, brings expertise in macroeconomic research and public finances, while Steytler, a distinguished economist and former senior BoN official, joins as the first independent member for a three-year term.
11 February 2026 · New Era →
The Development Bank of Namibia has approved approximately N$15 million through the National Youth Development Fund to support 46 youth-owned enterprises aged 18 to 45, with collateral-free financing ranging from N$60,000 to over N$1 million at interest rates of 2–4% per annum. The Fund, launched in September 2024, continues to accept applications on a rolling basis through regional governors and participating development finance institutions.
3 February 2026 · New Era →