10 Jul 2019 15:50pm
RUNDU, 10 JUL (NAMPA) Information sessions on how to apply for finance with the Development Bank of Namibia (DBN) will be held here between 15 and 18 July, the bank announced on Wednesday.
In a media statement issued by DBNs Corporate Communication and Stakeholder Relations Specialist, Di-Anna Grobler, on Wednesday, DBN called on entrepreneurs in Rundu, Nkurenkuru and Katima Mulilo to attend the sessions.
The information sessions will focus on Small and Medium Enterprise (SME) finance, finance for serviced land and affordable housing projects, local authority finance and electricity generation by local authorities.
According to Grobler, Rundu is the second largest centre in Namibia, with a population estimated to be approximately 90,000 and that the potentially strong demand for finance exists in the informal enterprises seeking to graduate to the formal sector.
Among the financing options, the bank will also offer start-up finance for registered businesses, as well as finance for commercial property.
In Nkurenkuru, the bank said it expects the town which is the capital of the Kavango West Region to grow on the basis of its status as an administrative centre.
Although small, the town will attract additional residents, as its administrative function gathers impetus. This will increase demand for serviced land and affordable housing as well as SMEs to provide for the needs of its residents, she added.
Katima Mulilo, Grobler pointed out, is expected to grow on the basis of tourism, as well as due to its role as a transport and logistics hub to the Southern Africa Development Community (SADC).
As a part of its program in the regions, DBN will also meet with key players in the electricity sector, in addition to using the visit to support the functions of the offices in these areas.