The Development Bank of Namibia (DBN) is a
state owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public owners ...
development bank
A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis.
, total commitm ...
in
Namibia
Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and e ...
.
Overview
The bank began its operations in 2004. The main objective of DBN is to promote and finance development in those sectors of the economy which support development and the welfare of the citizens of the country. , the total asset valuation of the bank was in excess of US$146 million (NAD:1.602 billion), with shareholders equity of approximately US$144.3 million (NAD:1.583 billion)
Board of directors
, the following individuals constituted the
board of directors of the Development Bank OF Namibia:
* Tania Hangula:
Chairperson
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by ...
* Tabitha Mbome
* Muetulamba Shingenge-Haipinge
* Emma Haiyambo
* Albie Basson
* Justus Hausiku
* Martin Inkumbi:
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
See also
*
List of banks in Namibia
Licensed commercial banks in Namibia :
# Bank Windhoek Limited
# First National Bank Namibia Limited
# Nedbank Namibia Limited
# Standard Bank Namibia Limited
# Trustco Bank Namibia Limited
# Banco Atlantico
# Bank BIC Namibia Limited
# Le ...
*
Economy of Namibia
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than ...
References
External links
Official Website of Development Bank of Namibia
Banks of Namibia
Banks established in 2004
Namibian companies established in 2004
Companies based in Windhoek
Development finance institutions
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