Lack of youth interest worries DBN

21 April 2021 | Banking

NAMPA

KHORIXAS

The Development Bank of Namibia’s (DBN) manager for the northern regions, Fillemon Nditya has expressed disappointment in the low turnout of young people at the bank’s consultative meetings on skills-based finance for youth held in the Kunene Region.

Aditya in an interview with Nampa on Friday said youth in the region showed less interest than the bank’s team expected when they visited Opuwo, Khorixas, Kamanjab and Outjo.

“This was an opportunity for the youth to learn what loan products the bank offers. The turnout was however very low in all towns we visited and we noticed that more elderly people than young people showed up. I believe the youth can organise themselves within their respective towns and call on the bank to educate them about what the bank offers in terms of the kind of loans they can apply for,” Nditya said.

He added that DBN’s doors will always be open and young people can also visit DBN’s website to familiarise themselves with the loan facilities available to them.

DBN teams visited all major towns within the regions last week to engage the youth and business communities, said Nditya.

Speaking at the consultative meeting held at Khorixas on Thursday, DBN’s head of corporate communication and marketing, Jerome Mutumba said DBN has secured N.dollars 450 million to assist the youth and business community with loans.

One of the youths who attended the meeting, John Johnson, thanked DBN for hosting the meeting at Khorixas.

“I would never have learned about the loans if it was not for this meeting. I have learned a lot and will be applying for a loan to start my own business. I will also share some information with my friends that did not attend the meeting,” he said.

Similar News

 

Capricorn Group gives Women’s cricket wings

6 days ago - 08 June 2021 | Banking

Capricorn Group and its subsidiary Capricorn Asset Management, and Capricorn Private Wealth sent off the Namibian National Women’s Cricket Team – The Eagles – today,...

Hard work works

2 weeks ago - 31 May 2021 | Banking

Hartung was born in South Africa, Cape Town, where he spent his early childhood. He later moved to Namibia where he completed his primary and...

Get your spice on

3 weeks ago - 21 May 2021 | Banking

Mariselle StofbergThe 2021 Nedbank Kapana Cook-Off Competition was launched on Friday, 7 May in Windhoek with a media launch which saw 14 Namibian media houses...

Get your spice on

1 month - 14 May 2021 | Banking

Mariselle StofbergThe 2021 Nedbank Kapana Cook-Off Competition was launched on Friday, 7 May in Windhoek with a media launch which saw 14 Namibian media houses...

!Gawaxab: ‘Banks must be affordable’

1 month - 12 May 2021 | Banking

Jo-Maré Duddy - While ensuring a financial sector at the cutting edge of the technological revolution, banks should not be oblivious to perceptions of high...

Success is no accident

1 month - 07 May 2021 | Banking

Nedbank Namibia honors its top achieversWetumwene Shikage On Friday, 30 April, Nedbank Namibia held its annual Employee Top Achiever Awards at the site of the...

Success is no accident

1 month - 07 May 2021 | Banking

Nedbank Namibia honors its top achieversWetumwene Shikage On Friday, 30 April, Nedbank Namibia held its annual Employee Top Achiever Awards at the site of the...

Lack of youth interest worries DBN

1 month - 21 April 2021 | Banking

NAMPAKHORIXASThe Development Bank of Namibia’s (DBN) manager for the northern regions, Fillemon Nditya has expressed disappointment in the low turnout of young people at the...

FNB closes branches

2 months ago - 26 March 2021 | Banking

Staff Reporter Over the past few years, FNB Namibia has focused on developing a strong financial service offering, with special emphasis on digitisation. This means...

Driving initiative at Nedbank Nam

2 months ago - 24 March 2021 | Banking

At the core of his values, the centre around which his life is built, is to leave every situation better than one finds it. This,...

Latest News

Starlile wins Winter Cup

13 hours ago | Sports

LIMBA MUPETAMIStarlile from the Okahandja Racing Club beat the likes of You Touch My Heart (second place) and Newton Spark (third place) to the finish.Starlile...

Bronze for Du Plooy

13 hours ago | Sports

Namibia’s triathlon champion Divan du Plooy took bronze at the just-ended African continental championship in Egypt.The Namibian was competing in the Under-23 category in Sharm...

Plot prices in Keetmans nearly...

13 hours ago | Economics

The Keetmanshoop municipality has dropped the price per plot in the new Brukharos extension to N$16 900 per plot for low-income earners to afford housing.The...

President too quiet in crisis...

13 hours ago | Health

STAFF REPORTERWINDHOEKFormer health minister Dr Richard Kamwi is among those who believe that President Hage Geingob’s silence, as the country endures its worst wave of...

Covid-19: Six SA tourists die...

13 hours ago | Health

NEWS24JOHANNESBURGSix elderly tourists died from Covid-19 after 37 out of 40 travellers on a bus trip in Namibia tested positive for the coronavirus.According to Netwerk24,...

Covid-19’s impact on sports

13 hours ago | Sports

Limba MupetamiThe effects of Covid-19 continue to flow through Namibia’s health, educational, financial, and commercial institutions and the sport sector is no different.Matches and competitions...

Won’t do it - Kanalelo

13 hours ago | Sports

KickOffThe former Mamelodi Sundowns goalkeeper Fillemon ‘Ronnie’ Kanalelo worked at both Bloemfontein Celtic and Maritzburg United as a keeper trainer, and had his last coaching...

SA govt sells majority stake...

13 hours ago | Business

Nqobile Dludla - The South African government is selling a 51% stake in South African Airways (SAA) to Takatso consortium, which will initially commit more...

EDITORIAL: President must address the...

13 hours ago | Opinion

The clarion calls for President Geingob to crawl from under his rock and provide leadership insofar as the deadly surge in Covid-19 infections is concerned...

Load More