Innovation Award

Winner: VNA Native Foods

Winner of N$1 million in the Development Bank of Namibia 2018 Innovation Award, VNA Native Foods. VNA provided a plan to manufacture powdered soup made from African spinach. The product will provide and additional outlet for local agriculture, contribute to agri-industry and be an alternative to imported powdered soups. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

1st Runner Up: Award Aqua Greens Namibia

First runner-up in the Development Bank of Namibia 2018 Innovation Award Aqua Greens Namibia. By growing food using aquaponics, and fish, food production can take place throughout the year, enhancing food security. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

2nd Runner Up: Braveart Namibia

Second runner-up in the Development Bank of Namibia 2018 Innovation Award, Braveart Website proposed a website specializing in Namibian stock photography. This will improve marketing potential for Namibian photographers. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

 

Good Business Awards

Category: Large Enterprises

Winner: Namibia Plastics

Winner of the Development Bank of Namibia 2018 Good Business Awards large enterprise category, Namibia Plastics. The company manufactures packaging for leading Namibian brands, contributing to Namibia’s drive towards industrialisation through manufacturing, and substantially reducing import requirements for packaging. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

1st Runner Up: Nampro Fund

First runner-up in the Development Bank of Namibia 2018 Good Business Awards large enterprise category, Nampro Fund. Nampro Fund is an investment fund established in 2010 to support SME suppliers that require funding to execute value adding contracts. Partial funding for on-lending to SMEs was provided by DBN. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

2nd Runner Up: OLC Arandis Solar

Second runner-up in the Development Bank of Namibia 2018 Good Business Awards large enterprise category, OLC Arandis Solar. The entity is the first solar energy farm to sign a power production agreement with a RED, in this case Erongo RED. Established by Olthaver & List and Cronimet Mining Power Solutions, the company partners with the Women of Destiny Trust to provide benefits to women and children. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

 

Category: Small & Medium Enterprises (SME)

Winner: Puma Goreangab Waterfront Service Station

Winner of the Development Bank of Namibia 2018 Good Business Awards SME category, Puma Goreangab Waterfront Service Station. The service station refuels approximately 2,000 cars daily, provides retail facilities for the communities of Goreangab, Greenwell Matongo, Hakahana, Wanaheda and Otjomuise and provides more than 50 jobs. Banking facilities provide deposit facilities for informal traders and micro enterprises in the vicinity of Eveline Street, as well as general banking for the communities. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

1st Runner Up: Ondangwa Airport Lodge

First runner-up in the Development Bank of Namibia 2018 Good Business Awards SME category, Ondangwa Airport Lodge. The lodge focuses on business travel and, in addition to accommodation, also provides facilities for conferencing and events, effectively strengthening the business environment in Ondangwa. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

2nd Runner Up: Roadhouse Guest House

Second runner-up in the Development Bank of Namibia 2018 Good Business Awards SME category, Roadhouse Guest House. Roadhouse creates additional capacity on the route between Etosha National Park and north-eastern Namibia, and has created permanent jobs in Omuthiya. Presenting the Award, Deputy Minister of Finance Natangwe Ithete and Chairperson of the DBN Board, Tania Hangula.

 

Speakers

Make use of financing opportunities. At the Development Bank of Namibia Good Business and Innovation Awards, Deputy Minister of Finance, Natangwe Ithete, while lauding the winners, urged enterprises to familiarize themselves with the institutions put in place by the Government to provide finance for development of economic activities.

The quality of shared successes. Talking about the nature of the Good Business Awards at the Development Bank of Namibia Good Business and Innovation Awards, DBN Chairperson Tania Hangula said the Bank believes that borrowers’ success are the Bank’s successes. This success creates an enterprise environment as well as socio-economic development which lies at the heart of the Bank’s vision of national development.

A voice for innovation. Speaking at the event of the Development Bank of Namibia Good Business and Innovation Awards, CEO Martin Inkumbi said the N$1 million award for innovation would bridge many of the costs of establishing an innovative enterprise, but that the enterprise would still have to use the award judiciously.