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MEMBERS: DEVELOPMENT BANK OF NAMIBIA

Sustainable development is key to Namibia’s progress and prosperity. The principle is put forward in the country’s Constitution, which provides for the utilisation of resources on a sustainable basis for the benefit of all Namibians, both present and future.

The Development Bank of Namibia was created through an Act of Parliament, No. 8 of 2002, to contribute to the economic growth and social development of the country by providing financing in support of key development activities.

The Bank was launched on 29 April 2004. The Namibian government’s decision to establish a development bank stems from the need to create an institution that can complement traditional financing establishments in order to accelerate economic growth and widen the scope of potential development opportunities.

The DBN acts as a catalyst in the Namibian economy and structures financing packages in support of projects capable of delivering sustainable economic growth. It also mobilises finance and technical know-how through its international networks and provides investment packaging assistance to launch viable economic projects.

Because of its solid links with, among others, regional bilateral and multilateral development finance institutions as well as with non-governmental agencies involved in facilitating accelerated socio economic development with both Namibia and the SADC region as a whole, DBN can make affordable financing available for development.

The mission of the Development Bank of Namibia is to mobilise investment capital and facilitate national and international cooperation among public and private entities, as well as community organisations in the planning and implementation of larger scale projects capable of delivering sustainable economic growth and social development in the form of human capital development and empowerment to Namibia.

For more information please visit: www.dbn.com.na


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