Loans worth N.dollars 158 million approved in fourth quarter

11 Feb 2014 15:20pm
WINDHOEK, 11 FEB (NAMPA) - The Development Bank of Namibia (DBN) approved loans to the value of N.dollars 158,8 million in the fourth quarter of 2013.
The fourth quarter starts in October and ends in December.
The approvals are projected to have affected 1 928 jobs, of which 424 are new, 1 095 temporary and 409 retained jobs, DBN's Head of Lending John Mbango said during a media briefing in the capital on Tuesday.
The loans were allocated to 72 businesses, with most being allocated to previously disadvantaged Namibian women and youth.
The sector which received the highest allocations was the construction sector with 61,3 per cent, followed by wholesale, retail trade and repairs with 13,2 per cent and manufacturing with 8,9 per cent.
The Khomas Region received approvals totalling N.dollars 61,6 million, followed by the Kavango Region with N.dollars 18,9 million and the Erongo Region with N.dollars 13,3 million.
The Hardap Region received N.dollars 10 million; the Otjozondjupa Region N.dollars 7 million; the Omusati Region N.dollars 6.1 million; Oshana Region N.dollars 5.6 million; and the Oshikoto region N.dollars 3.5 million.
Meanwhile, Mbango said the Kunene Region received N.dollars 5,9 million; the Karas Region N.dollars 6,6 million; Zambezi Region N.dollars 2,5 million; Ohangwena N.dollars 3,3 million; and the Omaheke Region N.dollars 1,8 million.