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

 

Agribank introduces whistleblower platform

3 days ago - 17 September 2021 | Banking

ELLANIE SMITWINDHOEKAgribank has introduced an anonymous whistleblower platform where unethical, corrupt or fraudulent activities can be reported by staff, the public and other stakeholders.The introduction...

Nedbank supports frontline health workers

3 days ago - 17 September 2021 | Banking

For restaurants and their workers, the abrupt closures, inconsistent reopening’s and changes in the public health guidance for operations have placed severe pressure on the...

Nedbank supports frontline health workers

3 days ago - 17 September 2021 | Banking

For restaurants and their workers, the abrupt closures, inconsistent re-openings and changes in the public health guidance for operations have placed severe pressure on the...

1300 benefit from Agribank loans

2 weeks ago - 06 September 2021 | Banking

ELLANIE SMITWINDHOEKAgribank disbursed loans to the value of N$217 million, benefiting a total number of 1 301 customers, during the financial year 2020/2021.This is contained...

FNB celebrates Namibian athletic stars

3 weeks ago - 27 August 2021 | Banking

Staff Reporter On 24 August 2021, First National Bank (FNB) Namibia handed over an amount of N$100 000 to Christine Mboma, N$80 000 to Beatrice...

Capricorn Foundation supports pre-schools in informal settlements

1 month - 20 August 2021 | Banking

Staff reporter During the lockdown, Capricorn Group and its subsidiary company Entrepo Holdings, through their corporate social responsibility vehicle, partnered with Step out of Poverty...

Nedbank

1 month - 13 August 2021 | Banking

The Nedbank Young Professional campaign was largely created by local young professionals, features Namibian Rapper Latoya ‘Lioness’ Mwoombola, who is also a medical doctor, and...

TEST

1 month - 22 July 2021 | Banking

TEST Story

More savings for FNB customers: Alternative channel fees unchanged

2 months ago - 09 July 2021 | Banking

“When conducting the annual review of our pricing for transactional banking, we considered the current operating environment coupled with the unique circumstances businesses and individuals...

Nedbank Namibia invests in skills and knowledge

2 months ago - 25 June 2021 | Banking

Wetumwene Shikage The bank has awarded bursaries amounting to N$400 000 to 10 students, including seven of its staff members. Education continues to be a...

Latest News

Blue Waters plan to go...

12 hours ago | Sports

LIMBA MUPETAMIPaulus Shipanga said this after his side Blue Waters defeated Western Spurs 6-4 in penalties at the Jan Wilken Stadium in Mariental after a...

Tigers netballers still in the...

12 hours ago | Sports

LIMBA MUPETAMIThe head coach of Tigers, Morné Pienaar, says the team is doing very well in the MTC Namibia Netball Premier League because the shooters...

Capricorn remains resilient amidst Covid

12 hours ago | Business

Jo-Maré Duddy – Locally-listed Capricorn Group, with Bank Windhoek as its flagship brand, has provided payment holidays on loans freeing up N$343 million in cash...

NAFAU to represent NIDA employees

12 hours ago | Economics

PHILLEPUS UUSIKU The Namibia Industrial Development Agency (NIDA) and the Namibia Food and Allied Workers Union (NAFAU) signed the recognition agreement on Friday. The union...

Bleeding TransNamib to retrench 340...

12 hours ago | Transport

OGONE TLHAGEWINDHOEKTransNamib intends to retrench 340 of its 1 309 employees within the coming weeks, its CEO Johny Smith has informed public enterprises minister Leon...

N$9.5bn guarantees for SOE borrowing

12 hours ago | Economics

OGONE TLHAGEWINDHOEKGovernment guarantees to back borrowing by public enterprises stood at N$9.5 billon as at the end of August 2021.This has been confirmed by the...

‘My mother tried to kill...

12 hours ago | Crime

TUYEIMO HAIDULAONANDJOKWE Wilka Shikongo says she cannot believe that the woman she has called mother for 45 years beat her up so severely that...

Pele continues recovery

12 hours ago | Sports

SuperSportSoccer legend Pele continues to recover from colon surgery, with his family posting a video of the 80-year-old Brazilian smiling while undergoing physiotherapy in his...

State of sports facilities is...

12 hours ago | Sports

LIMBA MUPETAMINamibia is a country of really funny utterances by politicians at times. Imagine a sports minister saying that they were not aware of the...

Load More