24
Jul
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’s efforts to develop solutions tailored for young people, the uptake remains low,” he said. In the first quarter of the 2025/26 financial year, the bank approved two applications,…