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Youth entrepreneurs not tapping DBN funds – News Stand

Summary by observer24.com.na
Erasmus Shalihaxwe The Development Bank of Namibia (DBN) there is a low uptake of its youth financing products. DBN chief of marketing and corporate affairs, Jerome Mutumba, said the trend is concerning.  This comes as the bank approved N$74.6 million in total SME funding in the past financial year.  Of that amount, only N$170 000 was allocated to skills-based finance. “It is worrisome that despite Namibia’s high youth unemployment and the bank’…
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observer24.com.naobserver24.com.na

Youth entrepreneurs not tapping DBN funds – News Stand

Erasmus Shalihaxwe The Development Bank of Namibia (DBN) there is a low uptake of its youth financing products. DBN chief of marketing and corporate affairs, Jerome Mutumba, said the trend is concerning.  This comes as the bank approved N$74.6 million in total SME funding in the past financial year.  Of that amount, only N$170 000 was allocated to skills-based finance. “It is worrisome that despite Namibia’s high youth unemployment and the bank’…

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observer24.com.na broke the news in on Thursday, July 24, 2025.
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