Expect more finance for the South
The DBN understands the need for transformation of regional economies and offers flexible financing packages that will materially improve prospects for development.
Staff reporter - The Development Bank of Namibia (DBN) is heading to the South to encourage borrowing to establish larger enterprises, SMEs and infrastructure.
Information sessions will be held at Rehoboth, Mariental, Lüderitz and Oranjemund.
Finance that stimulates enterprise and infrastructure development can help alleviate poverty in the Hardap and //Kharas region, says Jerome Mutumba, communications manager at the DBN.
Borrowing in Hardap has been at low levels since 2016, and the DBN’s visit is intended to stimulate demand, Mutamba says.
“The region has potential for enterprise development, particularly in the form of secondary sector offshoots of the agricultural sector, such as agri-processing and food manufacturing.”
The DBN also is particularly interested in transport, logistics and tourism, key sectors in the Fifth National Development Plan (NDP5). According to Mutumba, the DBN will seek to source financing opportunities from local authorities in an effort to expand infrastructure in towns.
Levels of borrowing in //Kharas were reasonable in 2016, but low this year, he says.
Lüderitz
The DBN is particularly optimistic about the port of Lüderitz.
“Ports are traditional sources of activity for light and heavy industry, and the Lüderitz mariculture and the fishing industries can also benefit from the bank’s finance. Logistics is likely to grow in the near to middle-term on the basis of development of trade, as well as import and export activities between Namibia and the northern Cape in South Africa,” Mutumba says.
The DBN expects a boom at Lüderitz in the middle to long-term, which will put pressure on the town’s infrastructure, he says. “The bank’s finance for infrastructure will assist in alleviating needs for infrastructure, as well as stimulating the local construction industry.”
Oranjemund
Mutamba says Oranjemund is on the cusp of further development.
“The town’s economy has been driven by diamond extraction, but it can be further stimulated with SME activity in support of the diamond industry, as well as underexplored potential for tourism. The town also requires affordable housing, and the bank can assist contractors with finance for construction activities.”
Finance and enterprise go hand in hand, Mutumba says.
“Enterprise requires infrastructure, and the construction of infrastructure is justified by the needs of enterprise. The bank is looking for a healthy mix of financing opportunities for actors in both fields, and with its visit to the regions, is opening doors to them.”
The DBN understands the need for transformation of regional economies, and is holding out a hand with flexible financing packages that will materially improve prospects for development, Mutuma says.
“We expect more from Hardap and //Kharas. So entrepreneurs and town councils can expect more from the DBN,” he says.
Information sessions will be held at Rehoboth, Mariental, Lüderitz and Oranjemund.
Finance that stimulates enterprise and infrastructure development can help alleviate poverty in the Hardap and //Kharas region, says Jerome Mutumba, communications manager at the DBN.
Borrowing in Hardap has been at low levels since 2016, and the DBN’s visit is intended to stimulate demand, Mutamba says.
“The region has potential for enterprise development, particularly in the form of secondary sector offshoots of the agricultural sector, such as agri-processing and food manufacturing.”
The DBN also is particularly interested in transport, logistics and tourism, key sectors in the Fifth National Development Plan (NDP5). According to Mutumba, the DBN will seek to source financing opportunities from local authorities in an effort to expand infrastructure in towns.
Levels of borrowing in //Kharas were reasonable in 2016, but low this year, he says.
Lüderitz
The DBN is particularly optimistic about the port of Lüderitz.
“Ports are traditional sources of activity for light and heavy industry, and the Lüderitz mariculture and the fishing industries can also benefit from the bank’s finance. Logistics is likely to grow in the near to middle-term on the basis of development of trade, as well as import and export activities between Namibia and the northern Cape in South Africa,” Mutumba says.
The DBN expects a boom at Lüderitz in the middle to long-term, which will put pressure on the town’s infrastructure, he says. “The bank’s finance for infrastructure will assist in alleviating needs for infrastructure, as well as stimulating the local construction industry.”
Oranjemund
Mutamba says Oranjemund is on the cusp of further development.
“The town’s economy has been driven by diamond extraction, but it can be further stimulated with SME activity in support of the diamond industry, as well as underexplored potential for tourism. The town also requires affordable housing, and the bank can assist contractors with finance for construction activities.”
Finance and enterprise go hand in hand, Mutumba says.
“Enterprise requires infrastructure, and the construction of infrastructure is justified by the needs of enterprise. The bank is looking for a healthy mix of financing opportunities for actors in both fields, and with its visit to the regions, is opening doors to them.”
The DBN understands the need for transformation of regional economies, and is holding out a hand with flexible financing packages that will materially improve prospects for development, Mutuma says.
“We expect more from Hardap and //Kharas. So entrepreneurs and town councils can expect more from the DBN,” he says.
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