Germany supports the Namibian Government in its endeavor to ensure business continuity and economic revival ...
(WorldNews Germany)

On 17 December 2020, a loan agreement between the Development Bank of Namibia (DBN) and the Development Bank of Germany (KfW) had been signed. KfW provides refinancing for DBN’s non-agricultural small business loan scheme which forms an integral part of Ministry of Finance “Economic Stimulus and Relief Package to Mitigate the Impact of COVID-19”. The interest-reduced loan amounts to approx. N$455 million (or 25 million EUR). DBN will provide the actual loans to non-agricultural SMEs that have experienced significant losses of income as a result of the Covid-19 pandemic. The relief measure is aimed at supporting cash flows and continued economic productive activities. The...