RicherFin · Sovereign Projects

Namibia - Development Bank of Namibia — Namibia

Namibia · Windhoek, Namibia · Formal sector financial intermediaries

Overview

Namibia faces major economic challenges, including limited diversification, low attractiveness for private investment and high dependence on international trade. To address these challenges, the government is focusing on innovation, skills development and value chain integration. Against this backdrop, in November 2023, the Development Bank of Namibia (DBN) requested 1.5 billion rand in financing from the Bank, backed by a sovereign guarantee, to support projects in strategic sectors. The project contributes to climate finance, with 40 million USD of the total approved amount dedicated to adaptation.

Key project information

Official name
Namibia - Development Bank of Namibia
Status
Ongoing
Current phase
Ongoing
Country
Namibia
Location
Windhoek, Namibia
Sector
Formal sector financial intermediaries
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 67.8m
Expected completion
2040-03-31