The Development Bank of Namibia (DBN) will give an opportunity to Namibians to apply for loans at their stand at the ongoing Ongwediva Annual Trade Fair (OATF).
DBN Communications, Manager Jerome Mutumba said in a press statement that “The Bank is aware that applicants for financial assistance often have constraints on time, and may not be able to visit the Banks officers during the year, however a visit to the popular show is an excellent opportunity to visit the Banks stand and find out how to apply for finance, or discuss suitability of business plans.”
He added that “The Northern regions, particularly Omusati, Oshana, Ohangwena and Oshikoto, hold exceptional opportunities for entrepreneurs.”
Mutumba also said that “Based on local consumer needs, as well as the potential for trade in goods with Southern Angola.” The Bank is seeking opportunities to stimulate other forms of manufacturing.
Mutumba added that there is clear need for affordable residential land and that water distribution infrastructure is also viewed as pressing by the Bank.
“The Bank is continually engaged in provision of finance for local authorities in the central northern regions, but encouraged local authorities who have not yet familiarized themselves with the Bank to make use of the Ongwediva Trade Fair to do so,” he said.