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DBN LAUNCH NATIONAL SME CAMPAIN FOR YOUTH FINANCIAL ACCESS
Finance
11 days ago
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11 days agoDBN Launches National SME Campaign for Youth Finance Access The Development Bank of Namibia (DBN) has launched a national campaign aimed at increasing youth awareness and access to SME financing. The initiative was launched to address low uptake of DBN’s Skills Based Finance product, which targets young professionals and artisans under 35. The Bank approved N$74.6 million for SMEs in the last financial year, with only N$170,000 allocated to skills-based finance. In the first quarter of 2025/26, DBN approved two youth SME loans totalling N$1.25 million. One of these was the first-ever youth loan approved in the Zambezi Region. DBN’s chief of marketing and corporate affairs, Jerome Mutumba cited concern over the limited use of these youth-specific offerings. “It is worrisome that, despite Namibia’s high youth unemployment and our efforts to develop solutions tailored for young people, the uptake remains low,” he said. The campaign will run through community outreach, regional roadshows, social media, and stakeholder engagement. Report: Patemoshela Lukolo