#developmentbank

4 days ago

Central Asia: Chinese-led development bank locked in competition with Western rival Eurasianet China-Central Asia Monitor: Feb. 27- March 5, 2026.

Eurasianet China-Central Asia Monitor: Feb. 27- March 5, 2026. Bne IntelliNews #CentralAsia #China #DevelopmentBank #Eurasianet #EconomicCompetition

0 0 0 0

bne IntelliNews

@intellinews.com

2 months ago

EBRD posts record €16.8bn investment in 2025 Development bank expanded to sub-Saharan Africa and Iraq in 2025 while also ramping up support for Ukraine.

Development bank expanded to sub-Saharan Africa and Iraq in 2025 while also ramping up support for Ukraine. Bne IntelliNews #EBRD #Investment #DevelopmentBank #SubSaharanAfrica #Iraq

0 0 0 0

All Namibian News

@namibiannews.bsky.social

6 months ago

DBSA commits N$2.1b in loans to Namibia Chamwe Kaira The Development Bank of Southern Africa (DBSA) has committed just over N$2.1 billion in development loans to the Development Bank of Namibia (DBN) for the year ended 31 March. The funding forms part of DBSA’s ‘Rest of Africa’ portfolio, which recorded N$6.5 billion in loan commitments across several countries, including Nigeria, Mozambique, Tanzania and Senegal. Namibia’s allocation highlights DBSA’s support for regional integration and infrastructure development within the Southern African Development Community (SADC). DBSA funding targets key sectors such as water, energy, transport, ICT and social infrastructure. In July 2024, TransNamib confirmed it had met all conditions to access N$2.6 billion secured from DBN and DBSA. The financing will help the company address its locomotive capacity challenges. Namibia also benefits from the Climate Finance Facility (CFF), a DBSA lending programme designed to mobilise private sector investment in low-carbon and climate-resilient infrastructure. The facility uses blended finance and credit enhancement to reduce risks in renewable energy and climate projects. Namibia, alongside South Africa, Eswatini and Lesotho, is a priority market, with Namibia receiving just over N$50 million. DBSA said Namibia is among 20 African countries where it has active exposure through loans and equity investments. The projects cover water and sanitation, energy, transport, ICT and social infrastructure. Overall, DBSA approved N$26.5 billion for SADC projects in the 2025 financial year. These align with SADC’s vision 2050 and infrastructure vision 2027, which emphasise cost-effective cross-border projects to drive trade and industrial growth. South Africa’s finance minister, Enoch Godongwana, praised the bank’s role. “The DBSA continues to play a catalytic role in unlocking infrastructure-led economic development, investing in high-impact projects that support inclusive growth and long-term development across the region,” he said. DBSA chief executive officer Boitumelo Mosako said the bank delivered strong results, reaching N$91.3 billion in infrastructure development support during the year. Total disbursements amounted to N$17.5 billion, above the N$14.5 billion target. “Our sustained profitability enabled the bank to declare a dividend to our shareholder, an important milestone and a reflection of its financial strength and discipline,” Mosako said. The bank highlighted Africa’s infrastructure funding gap of US$100 billion. It estimates South Africa alone will require between N$4.8 trillion and N$6.2 trillion for transport, water and sanitation, basic education and technical and vocational education and training between 2022 and 2030. DBSA continues to invest in bridges, roads, railways, airports, ports and other critical infrastructure. “Our support for the Lobito Corridor marks a key milestone. It drives economic growth and job creation in Angola and the DRC. The project aligns goals for sustainable development and regional cooperation. During the year, the Bank approved up to US$200 million in funding for the Lobito Corridor Railway Project,” Mosako said.

#Namibia #DBSA #DevelopmentBank #Loans #Infrastructure

0 0 0 0

Geopolitical updates

@geopolupdates.bsky.social

6 months ago

#China’s #XiJinping is calling for a new world order criticizing bullying behavior. The thawing of relations betw #Beijing & #NewDelhi is seen as a strategic move against #Trump. The #Chinese proposed the establisment of a #developmentbank to reduce dependence on the West. #SCO

1 0 0 1

All Namibian News

@namibiannews.bsky.social

6 months ago

DBN pumps N$978m into Oshana Staff Writer The Development Bank of Namibia (DBN) has strengthened its presence in the Oshana Region, financing projects worth N$978.7 million since its inception. According to the Oshana Regional Council, the investments have supported a range of sectors with significant impact. The largest share of funding went to the construction industry at N$170.8 million, while housing development received N$152.6 million. Electricity infrastructure projects in Oshana were supported with N$116.8 million. In the 2024/25 financial year, the health sector received N$22.1 million. DBN also provided N$1.8 million to finance micro, small and medium enterprises (MSMEs) in the region. During the 2024/25 period, the Agricultural Bank of Namibia (Agribank) facilitated agricultural financing to 43 communal farmers in Oshana. The total amounted to N$8.6 million, representing a 25% increase from the previous year. This included salary-backed loans to 17 farmers valued at N$2.3 million, while 20 farmers received N$4.8 million under the National Agricultural Credit Programme (NACP). The Agricultural Bank of Namibia (Agribank) recorded a 64.1% increase in livestock loans, with financing focused on livestock, poultry, fencing, tractors, and machinery. The Oshana Region has called for these financing facilities to be extended to youth and women in agriculture. Oshana governor, Hofni Iipinge, said the regional economy continues to provide a conducive environment for investment, business development, and job creation. He noted that with untapped potential across multiple sectors, Oshana remains a key player in driving inclusive and sustainable growth. The region hosts several trade exhibitions, including the Ongwediva Annual Trade Fair, the Ondangwa Industrial and Trade Exhibition, and the Oshakati Totem Expo. Iipinge said these events help connect local businesses with national and international markets. The Ministry of Industrialisation and Trade has played a role in driving enterprise support and trade facilitation. In 2024/25, the ministry registered 396 Close Corporations, a 30.5% increase from the previous year, and issued 851 MSME certificates. Under the Industrial Upgrading and Modernisation Programme, three projects were funded at a total cost of N$546,947. To further support MSMEs, the ministry approved N$1.1 million to procure equipment for 17 enterprises. The Business and Intellectual Property Authority (BIPA) office in Ongwediva is now fully operational, providing essential services to clients across northern Namibia. Caption Oshana governor, Hofni Iipinge – Photo: Contributed

#Namibia #DevelopmentBank #OshanaRegion #FinancialInvestment #Infrastructure

0 0 0 0

Profit Trading USA

@profittradingusa.bsky.social

7 months ago

Click Subscribe. #Brazil #DevelopmentBank #BusinessSupport #Tariffs #Economy

0 0 0 0

All Namibian News

@namibiannews.bsky.social

7 months ago

Eight selected for Development Bank’s Young Professionals Programme Eight selected for Development Bank’s Young Professionals Programme NBC Online Thu, 07/31/2025 - 16:38

#YoungProfessionals #CareerDevelopment #DevelopmentBank #Namibia #YouthEmpowerment

0 0 0 0

All Namibian News

@namibiannews.bsky.social

7 months ago

Dbn Goes After Elindi Brothers, August 26 [New Era] In a twist in the 'Oil-rot' saga, details have emerged that Namibian Defence Force-owned company, August 26 Holdings, signed surety on behalf of Enercon for a loan from the Development Bank of Namibia for the purchase of petroleum products and fuel management systems.

#Namibia #OilIndustry #Petroleum #DevelopmentBank #FuelManagement

0 0 0 0

All Namibian News

@namibiannews.bsky.social

7 months ago

DBN sues Enercon over N$28.8m in unpaid loans Justicia Shipena The Development Bank of Namibia (DBN) is suing Enercon Namibia (Pty) Ltd and its associates for N$28.8 million over unpaid loans and breached suretyship agreements. The case involves allegations of breached suretyship agreements and missed repayments dating back more than a decade. DBN alleges that Enercon defaulted on two loans disbursed in 2011 and 2015, which were meant to finance petroleum product acquisitions and property development. The total loan amount exceeded N$25 million. Despite restructuring efforts and extended repayment terms, the bank says Enercon failed to keep up with payments. As of May 2025, DBN records show unpaid balances of N$19.4 million and N$9.4 million on the two respective loans. The first loan of N$2.8 million was granted in 2011 and backed by personal guarantees from three individuals, including then Enercon directors Peter Hango Elindi and Malakia Elindi, through unlimited suretyship agreements. In 2015, DBN issued a second loan of N$18 million. This loan was secured by six parties, including state-owned August 26 Holdings and three close corporations: Wholesale Purchasing CC, Bonsec Investments 174 CC, and Bonsec Investments 175 CC. Each of these entities pledged properties in Windhoek as collateral. Court documents show that August 26 Holdings, a company owned by the Namibian Defence Force, signed surety on behalf of Enercon to support the petroleum-focused financing. According to DBN’s claim, Enercon made 55 repayments on the N$18 million loan before defaulting in February 2024. The bank also included a N$7.2 million property loan, part of the 2015 package—which saw only 47 instalments before payments stopped in October 2022. The lawsuit was filed a week after Enercon’s directors were charged in the multi-million-dollar corruption and bribery case worth N$480 million. It also comes as the company faces possible liquidation over unpaid fuel debts to the National Petroleum Corporation of Namibia (Namcor), with a High Court deadline set for this week. Enercon, established in 2007, operates in fuel supply, petroleum distribution, construction of fuel storage facilities, and fuel management. The company is 75% owned by Peter and Malakia and 25% by August 26 Holdings, which is linked to the Ministry of Defence. During their ongoing bail hearing, Peter and Malakia testified that they are no longer directors of Enercon. The Elindi brothers were arrested last week by the Anti-Corruption Commission on corruption, bribery and racketeering charges. They are charged alongside former Namcor managing director Immanuel Mulunga; Namcor’s former supply and logistics manager Cornelius Petrus Willemse; former chief financial officer Jennifer Hamukwaya; her husband Panduleni Hamukwaya; Olivia Grace Dunaiski; and Lydia Elindi, the wife of Malakia Elindi. DBN is now demanding repayment of N$28.8 million plus interest and legal costs. DBN has also asked the High Court to declare mortgaged assets executable to recover the debt. These include units at City View apartments and a property in Brabant, Windhoek. The application also seeks rectification of company records. DBN says an administrative error occurred during Enercon’s 2015 name change from DPF Energy and Minerals. The Business and Intellectual Property Authority (Bipa) reportedly misinserted the registration number into several official documents. DBN said it issued formal payment demands in April 2023, but no payments were made.

#Namibia #DevelopmentBank #Lawsuit #UnpaidLoans #Finance

0 0 0 0

All Namibian News

@namibiannews.bsky.social

8 months ago

Development Bank of Namibia takes funding information to the people - MSN Development Bank of Namibia takes funding information to the people MSN

#DevelopmentBank #Namibia #Funding #Finance #News

0 0 0 0

All Namibian News

@namibiannews.bsky.social

9 months ago

Nghipondoka, companies to pay DBN nearly N$4 million in settlement Three companies and a family trust of businessman Vaino Nghipondoka have agreed to pay close to N$4 million to the Development Bank of Namibia (DBN), after the bank sued them for N$4.5 million. Nghipondoka, his companies Profile Technologies, Profile Investment Holdings and Profile Investments, and the Vaino Nghipondoka Family Trust signed a settlement with the DBN after the bank sued them in the Windhoek High Court. In the settlement agreement, seen by The Namibian, Nghipondoka, his three companies and the family trust have agreed to pay N$3.97 million, plus interest calculated from 25 April this year, to the DBN. It was also agreed that a first payment of N$500 000 would be made before the end of July this year, followed by monthly payments of not less than N$150 000 until the full amount has been paid. Nghipondoka, his three companies and the trust further agreed to pay legal fees amounting to about N$232 800 to the DBN in two equal instalments at the end of May and June this year. The settlement agreement was reached in a High Court case that the DBN instituted against Nghipondoka’s three companies, the trust and Nghipondoka personally in February last year. In the DBN’s claim against the companies, Nghipondoka and the trust, it is stated that Profile Technologies, represented by Nghipondoka, concluded a finance agreement with the bank in March 2021. In terms of that agreement, the DBN lent an amount of N$5.57 million to the company. The bank says it was also agreed that Profile Technologies would repay the loan amount plus interest at the end of March 2023. According to the DBN, Profile Technologies failed to repay the loan as agreed, though, and by the end of October 2023 the company owed N$4.5 million to the bank. Before the loan agreement signed in March 2021, Nghipondoka, Profile Investment Holdings, Profile Investments and the Vaino Nghipondoka Family Trust entered into a suretyship agreement with the DBN in July 2018, a lawyer representing the DBN says in the bank’s claim. In terms of the suretyship agreement, Nghipondoka, the trust, Profile Investment Holdings and Profile Investments agreed to also be responsible for the payment of Profile Technologies’ debts to the DBN, the bank’s lawyer stated. Nghipondoka, his three companies and the trust notified the court in February last year that they would defend the legal action taken by the DBN. In a plea filed on the five defendants’ behalf in May last year, they denied that they breached the terms of the loan agreement between the DBN and Profile Technologies by failing to repay the loan amount, and stated that a payment of N$320 000 had been made to the bank. The settlement agreement has been made an order of the court. The post Nghipondoka, companies to pay DBN nearly N$4 million in settlement appeared first on The Namibian.

#Namibia #DevelopmentBank #BusinessNews #LegalSettlement #FinancialNews

0 0 0 0

All Namibian News

@namibiannews.bsky.social

9 months ago

DBN's loan book shrinks DBN's loan book shrinks NBC Online Tue, 06/03/2025 - 17:50

#DBN #DevelopmentBank #Namibia #FinanceNews #EconomicGrowth

0 0 0 0

All Namibian News

@namibiannews.bsky.social

9 months ago

Namibia secures N$1.5 billion for water infrastructure upgrade Niël Terblanché The Namibian Government, in partnership with NamWater and the German Development Bank (KfW), has entered into a N$1.5 billion concessional loan agreement aimed at upgrading the country’s ageing bulk water supply infrastructure. The agreement was signed in Windhoek by finance minister Ericah Shafudah, NamWater’s chief executive officer, Abraham Nehemia, and a KfW representative The German ambassador to Namibia, Thorsten Hutter, was also present at the ceremony. Shafudah described the loan as a crucial addition to national budget efforts to secure the country’s water supply. “This agreement will complement our budgetary resources in ensuring the rehabilitation and expansion of water infrastructure, particularly in areas most affected by water stress,” she said. Ambassador Hutter agreed to this sentiment and said that the partnership reflects Namibia’s ongoing commitment to sustainable water management. He said the projects will not only increase resilience to drought but also contribute to a more inclusive and secure water future. Nehemia welcomed the agreement as a major step in the country’s infrastructure development. “This is a defining moment for Namibia as we invest in the future of water security. Robust and resilient water infrastructure is urgently needed to meet rising demand and protect livelihoods across the country,” he said. He added that the funding will be channelled into the second phase of the Namibia Water Sector Support Program (WSSP II), which aims to reduce water losses, expand access to clean water, and strengthen sustainable water management. The Central North and North-Eastern regions of Namibia have been identified as priority areas for intervention, given the scale of water scarcity and infrastructure limitations in these zones. One of the central initiatives under the new funding is the Omundaungilo–Omutsegwonime Bulk Pipeline Scheme. According to Nehemia, the project will include the construction of about 130 kilometres of new water pipelines, development of boreholes and wellfields, as well as the erection of reservoirs, booster stations, and treatment facilities. Nehemia said the scheme is expected to bring potable water to more than 27,000 people in the Ohangwena and Oshikoto regions, improving public health and facilitating economic development. He also announced that the programme will address supply constraints along the Oshakati–Ondangwa–Oshali–Omuthiya–Omutsegwonime pipeline corridor. “In addition, compact desalination units will be introduced in remote rural areas to treat saline groundwater, in collaboration with the Ministry of Agriculture, Water, Fisheries and Land Reform,” he said. Nehemia added that modernising ageing infrastructure will help the country respond more effectively to climate-related water stress. “WSSP II will not only rehabilitate existing systems but also introduce new technologies aimed at improving the efficiency and sustainability of water delivery,” he said. He added that NamWater, with financing from the loan, seeks to ensure reliable water access for both urban and rural communities while building the necessary resilience to confront worsening climatic conditions and growing water demand.

#Namibia #WaterInfrastructure #DevelopmentBank #WaterSupply #Sustainability

0 0 0 0

All Namibian News

@namibiannews.bsky.social

9 months ago

DBN hosts prestigious 2025 Good Business and Innovation Awards …Here are the winners The Development Bank of Namibia (DBN) successfully hosted the 2025 Good Business and Innovation Awards on Monday, 19 May 2025, at the Windhoek Country Club and Resort. Held under the theme “Celebrating Innovation and Impact,” the event honoured enterprises that have demonstrated excellence in innovation, sustainability,

#GoodBusiness #InnovationAwards #DevelopmentBank #Namibia #Sustainability

0 0 0 0

All Namibian News

@namibiannews.bsky.social

9 months ago

Development bank to host business and innovation awards The Development Bank of Namibia (DBN) is set to host the Good Business and Innovation Awards 2025 in Windhoek on Monday. Under the theme ‘Celebrating Innovation and Impact’, this year’s awards aim to honour trailblazing enterprises and forward-thinking leaders who are driving positive change in Namibia’s socio-economic landscape. DBN communications manager Jerome Mutumba says the ceremony is expected to attract a distinguished audience comprising members of the business community, senior executives, industry thought leaders, and high-ranking dignitaries from both the public and private sectors. “Vice president Lucia Witbooi will deliver the keynote address, underscoring the government’s commitment to supporting enterprise-led development and transformative innovation in Namibia,” he says. Mutumba further says the awards will recognise excellence across three categories, with N$150 000 awarded to the small and medium enterprise winner, N$250 000 to the large enterprise winner, and N$400 000 to the innovation award recipient. “These awards represent more than just recognition; they reflect our commitment to unlocking enterprise potential and accelerating inclusive development. We look forward to highlighting the efforts of enterprises and innovators who are not only redefining possibility but also making a tangible impact on Namibia’s socio-economic progress,” says Mutumba. “With this year’s theme, DBN continues to place the spotlight on innovation as a cornerstone of economic resilience and social impact”. The post Development bank to host business and innovation awards appeared first on The Namibian.

#BusinessAwards #Innovation #Namibia #DevelopmentBank #Entrepreneurship

0 0 0 0

Profit Trading USA

@profittradingusa.bsky.social

11 months ago

Development bank clears $500 million for El Salvador after IMF deal 0 © Reuters. SAN SALVADOR (Reuters) - The Inter-American Development Bank (IDB) will lend El Salvador $500 million to shore up its budget as the Central American nation carries out structural reforms stipulated under a recent deal with the International Monetary Fund (IMF), the IDB said on Thursday. The loan will give El Salvador room to make progress on reforms to increase tax revenue, reduce public debt, rebuild international reserves and improve financial governance, the IDB said in a statement. 0 Latest comments

Click Subscribe. #ElSalvador #IMF #DevelopmentBank #EconomicGrowth #Investment

0 0 0 0

René Mertens

@renemertens.bsky.social

1 year ago

Asian Development Bank Carves Path Addressing LGBTIQ Inclusion Outright discusses the Asian Development Bank (ADB) Environmental and Social Framework (ESF) that explicitly addresses the risk of exclusion based on gender, sexual orientation, and gender identity th...

Asian #DevelopmentBank Carves Path Addressing LGBTIQ Inclusion 🏳️‍🌈🏳️‍⚧️ For a country to develop sustainably, no one can be left behind, and the ADB’s new safeguard helps ensure that development projects don’t exclude #LGBTIQ people -
outrightinternational.org/press-releas... #LGBTIQInclusion #SOGIE

1 0 0 0

Posts tagged #developmentbank