DBN’s SME scheme requires N$500m

The Credit Guarantee Scheme to be housed by the Development Bank of Namibia (DBN) will require N$500 million in funding, in order to effectively lend to Small and Medium Enterprises.

DBN yields positive results in 2017

The Development Bank of Namibia (DBN) has recorded a net profit of N$172 million for the financial year ended 31 March 2017, the bank announced this week.

Govt restores DBN’s SME mandate

The Development Bank of Namibia (DBN) has been given back its mandate of funding SMEs with an annual turnover of less than N$15 million following the collapse of SME Bank, which is currently under provisional liquidation.

DBN plans N$300m debut bond in July

The Development Bank of Namibia (DBN) plans to issue a N$300 million debut bond on the Namibia Stock Exchange (NSX) between July and August, Chief Executive Officer Martin Inkumbi has said.

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