Bigger project funding, tighter rules
The Development Bank of Namibia has built its capacity to fund bigger development projects, along with smaller start-up companies, viewing itself as a vehicle for development and attainment of the NDP and Harambee goals.
Development Bank of Namibia (DBN) CEO Martin Inkumbi has announced the bank’s new positioning, ‘Expect more’. He says the new positioning statement reflects both the bank’s transformation, as well as its ambition for the future.
This will position the institution to increase its role in financing development and larger projects as its capacity grows.
With more capital available, new lenders are encouraged to approach the bank but to also expect stringent management of risks for the institution.
The bank is now the custodian of assets of approximately N$11 billion, a resource which is continually deployed to nurture larger scale projects consisting of enterprise and/or infrastructure.
“The bank has made significant progress in sourcing capital through issues notes and lines of credit from external private sector and institutional entities,” says Inkumbi.
DBN has adopted mechanisms such as an advanced enterprise-wide risk management frameworks, as well as an environmental and social management system that better enables it to manage risks inherent to financing start-ups in a dynamic economic environment. He adds that the bank is currently implementing a treasury function to further strengthen its liquidity and capital raising capacity.
In this case, Inkumbi says stakeholders and borrowers may expect more by virtue of a deeper pool of capital, but should also expect robust risk management, in keeping with the bank’s objective of maintaining financial sustainability.
“The Development Bank is a national asset and has the duty to preserve and sustain itself, as well as grow.”
In terms of its impact on enterprises, Inkumbi says, in addition to the ability to finance larger projects from a deeper pool of assets, the bank now gives more support to its borrowers and potential borrowers who require such support through a formalised mentoring and coaching programme. He describes this as a combination of advisory services prior to lending, and capacity strengthening and development through a network of business experts.
He says that each enterprise and project is regarded not just as a financial asset, but also as an asset for the Namibian economy, and so the bank’s philosophy is to provide the additional support in order to mitigate risks that arise after lending, and ensure the long-term viability of the initiative that the Bank finances.
“We will strive to respond to the priorities of the Harambee Prosperity Plan as well as the expected Fifth National Development Plan,” Inkumbi says on the future of the DBN.
STAFF REPORTER
Development Bank of Namibia (DBN) CEO Martin Inkumbi has announced the bank’s new positioning, ‘Expect more’. He says the new positioning statement reflects both the bank’s transformation, as well as its ambition for the future.
This will position the institution to increase its role in financing development and larger projects as its capacity grows.
With more capital available, new lenders are encouraged to approach the bank but to also expect stringent management of risks for the institution.
The bank is now the custodian of assets of approximately N$11 billion, a resource which is continually deployed to nurture larger scale projects consisting of enterprise and/or infrastructure.
“The bank has made significant progress in sourcing capital through issues notes and lines of credit from external private sector and institutional entities,” says Inkumbi.
DBN has adopted mechanisms such as an advanced enterprise-wide risk management frameworks, as well as an environmental and social management system that better enables it to manage risks inherent to financing start-ups in a dynamic economic environment. He adds that the bank is currently implementing a treasury function to further strengthen its liquidity and capital raising capacity.
In this case, Inkumbi says stakeholders and borrowers may expect more by virtue of a deeper pool of capital, but should also expect robust risk management, in keeping with the bank’s objective of maintaining financial sustainability.
“The Development Bank is a national asset and has the duty to preserve and sustain itself, as well as grow.”
In terms of its impact on enterprises, Inkumbi says, in addition to the ability to finance larger projects from a deeper pool of assets, the bank now gives more support to its borrowers and potential borrowers who require such support through a formalised mentoring and coaching programme. He describes this as a combination of advisory services prior to lending, and capacity strengthening and development through a network of business experts.
He says that each enterprise and project is regarded not just as a financial asset, but also as an asset for the Namibian economy, and so the bank’s philosophy is to provide the additional support in order to mitigate risks that arise after lending, and ensure the long-term viability of the initiative that the Bank finances.
“We will strive to respond to the priorities of the Harambee Prosperity Plan as well as the expected Fifth National Development Plan,” Inkumbi says on the future of the DBN.
STAFF REPORTER
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