Jerome Mutumba, Chief Marketing & Corporate Affairs Officernotedgrant reinforces DBN's role as national vehicle for climate finance mobilisation
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“Chief Marketing & Corporate Affairs Officer, Jerome Mutumba, noted that the grant reinforces DBN's role as a national vehicle for climate finance mobilisation.”
Jerome MutumbasaidClient Portal marks significant step in digital transformation journey aligned with strategic focus
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“"The introduction of the Client Portal marks a significant step in our digital transformation journey and aligns with our strategic focus on delivering client-centric, technology-driven solutions. It provides our clients with secure, convenient, and seamless access to their account information and support services, ultimately improving how we serve them," said Mutumba.”
Jerome Mutumbasaysnew hospital will complement district hospital developments at Nkurenkuru, Otjiwarongo and Ondangwa
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“According to DBN chief marketing and corporate affairs officer Jerome Mutumba, the new hospital will complement ongoing developments at district hospitals at Nkurenkuru, Otjiwarongo and Ondangwa, strengthening the country's broader healthcare system.”
Jerome Mutumbasaid2024/25 IAR is accountability and performance milestone for DBN
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“"The 2024/25 IAR is an important accountability and performance milestone for DBN, providing stakeholders with a clear view of how the bank is delivering on its mandate," Mutumba said.”
“"It is worrisome that, despite Namibia's high youth unemployment and our efforts to develop solutions tailored for young people, the uptake remains low.We expect to change the undesirable status quo," says DBN chief of marketing and corporate affairs Jerome Mutumba.”
Jerome Mutumbastated the goal is tomake access to youth finance more inclusive by meeting youth where they are
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“"We aim to make access to youth finance more inclusive. That means meeting the youth where they are, breaking down barriers to entry, and working closely with stakeholders to amplify our reach," Mutumba adds.”
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.
Why it matters
Development Bank secures US$1 million Green Climate Fund grant, unlocking path to US$250m in future climate financing.
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 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.
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.
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.
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 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.
The Development Bank of Namibia recorded a 42% increase in operating profit from N$62 million in 2023/24 to N$88.3 million in 2024/25, reflecting strong cost discipline and enhanced recoveries. The bank also secured significant new funding, including N$607 million from KfW Green Credit Line II and became the first Namibian institution accredited by the Green Climate Fund.
The Development Bank of Namibia reported a 42% increase in operating profit to N$88.3 million for 2024/25 and secured significant international funding, but opposition lawmakers questioned whether strong financial results are translating into inclusive development, particularly in historically marginalised regions.
The Development Bank of Namibia approved N$912.7 million in funding and supported the creation of 1,429 jobs during the 2024/25 financial year, with support for 49 SME projects including allocations to women-owned and youth-owned enterprises across multiple regions. The bank achieved accreditation with the Green Climate Fund and secured additional funding through KfW and the African Development Bank, reporting a 42% increase in operating profit to N$88.3 million.