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Project Finance

Project Finance

Structured finance on a non and limited recourse basis to private entities setting up new ventures or seeking to expand; in all productive sectors of the economy.

Sector identification

Agro-industry, fishing, ICT, manufacturing, mining, services, tourism, transport

Eligibility

  • Viable start-up business
  • Expansion of existing business
  • Promoters with good track record

Financing options

  • Loans
  • Subordinated debt/mezzanine financing.
  • 30% minimum own contribution for start-up projects and up to 100% debt finance for expansions, so long as a company's debt : equity ratio is less than 60 : 40 after financing, otherwise DBN may require sponsor contributions.
  • Current minimum of N$ 3 million.

Security

Collateral is determined on a project by project basis, taking into account risks involved and credit rating score assigned.

Minimum amount

N$ 5,000,000

Repayment period

Maximum 10 years

Interest rate

  • Determined on a project by project basis.
  • Interest can be capitalised during the grace period.

Grace period

Tailored to the construction and ramp up of the project.

Documents

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DBN Updates and News

  • DBN announced the winners of the Good Business Awards and Innovation Award at an event on 5 November 2014.

  • According to Jerome Mutumba, repayment of loans, is critical for DBN and its clients.

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