Namibia - Development Bank of Namibia

Project Summary

Approval Date 09 Jul 2015
Signature Date 22 Jul 2016
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 213,561,638.63
Status Implementation

Project General Description

This intervention is related to a 17-year line of credit with sovereign guarantee (with a grace period of five years) of ZAR 4.5 billion (about USD 450 million) to Development Bank of Namibia (DBN). The DBN is a national institution founded to promote and finance development in economic sectors which support the country’s development and welfare of its citizens. The bank is fully owned by the Government of Namibia, and provides support to its target beneficiaries through loans, equity partnerships, financial advisory services, management services, and export/import finance. The approved LOC to DBN targets key priority sectors with lower levels of economic activity, as well as infrastructure, projects and enterprises benefiting women and youths. This facility will support entrepreneurship and provide the expected long-term funding for growth sectors. It will also help create employment opportunities and wealth while generating tax revenue.

Project Objectives

The project aims to strengthen the financing capacity of the Development Bank of Namibia (DBN) for key priority projects in the country, and thereby achieve the development goals set by the Namibian Government.


The main beneficiaries of the project are the Government of Namibia, the Development Bank of Namibia (DBN), the Namibian populations formerly disadvantaged in terms of financial services, especially women and young entrepreneurs.

Participating Organization

African Development Bank


IATI identifier 46002-P-NA-HAA-004
Last Update 01 Dec 2021


Contact Details


Geographic Location

Country Namibia
Coordinates Location Name
-22.55941 17.08323 Windhoek