By: Nghiinomenwa-vali Hangala

 

For the financial year (FY) started in April 2024 and ended March 2025, the Development Bank of Namibia (DBN) approved N$912.7 million in funding across priority sectors, an increase compared to the previous year’s approval of N$906.1 million.

 

This was distributed through 128 loans approved during the 2024/25 FY, compared to 141 loans in 2023/24, according to DBN’s Annual Report.

 

The loans are extended to various economic agents such as the private sector (big and small enterprises) and public entities. Approvals to the private sector totalled N$562.7 million in 2024/25, a 0.4% decrease from the N$564.7 million recorded in the previous year.

 

Meanwhile, public sector approvals were higher by 2.6%, from N$341.3 million in 2023/24 to N$350.0 million in 2024/25.

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