By Business Reporter
Development Bank of Namibia (DBN) Senior Manager: Corporate Communications, Jerome Mutumba, has announced that the Bank will visit the regional capitals of north-eastern Namibia in order to stimulate demand for development finance. The visits begin in Rundu on 5 February, continue to Nkurenkuru on 6 February, and end on 9 February in Katima Mulilo.
Talking about the regions, Kavango West, Kavango East and Zambezi, Mutumba says they hold significant opportunity for development, in terms of infrastructure and enterprise, however he notes that demand for finance can be strengthened, based on demand from local authorities and entrepreneurs, respectively.
Mutumba says that calls for finance from the regions are low in relation to their potential for economic activity. He illustrates this with the fact that, since inception, there has been no call for finance for tourism and hospitality. This flies in the face of the combination of tourism and hospitality potential, and the Bank’s ability to provide tailored finance, which is flexible, and meets the needs of the tourism industry in other regions of Namibia. The same, he says, is true of other sectors.
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