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African Directory Services |
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The DBN extended a N$ 1.5 million bridging loan through its SME facility, the Special Development Fund, to A.D.S. to help it meet its obligations related to the production of the Botswana Telecommunication Corporation’s 2006 telephone directory.
A.D.S. is a documentation production and communications enterprise offering a diversity of materials
to the business community. |
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Aqua Utilities Corporation |
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The N$ 2.74 million loan extended to Aqua Utilities Corporation went towards building a sea-water purification plant for a fishing company; and is set to improve cost efficiency, with potential positive spin-offs for the fishing industry as a whole.
AUC provides and manages water and waste water treatment plants for communities, regional councils and industry. |
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Central North Electricity Distribution Company |
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DBN extended a N$ 15 million loan to CENORED to operationalise the company.
CENORED supplies electricity to households, businesses and farms in its geographical area. |
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Duiker One Hundred & Thirty Four |
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Project amount:N$ 5,710,000.
The project involves the establishment of advanced radiological facilities at Ongwediva, which reduce the need for medical travel to other towns. DBN extended a loan to the value of N$ 5.71 million to Duiker Investments for the purchase of radiography equipment to set up a medical imaging practice in the north, which until its establishment, had rudimentary services. |
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Edu-Loan Namibia |
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DBN had purchased 475 bonds worth N$ 4.75 million in Edu-Loan to extend loans to close to 230 Namibians.
Besides benefitting from access to financing, Edu-Loan clients also stand to benefit from a unique arrangement between DBN and Edu-Loan through which the latter will pass the benefit of DBN's interest rate on to clients.
They will do this by contributing the money being saved thus, plus an additional contribution from Edu-Loan's own sources, towards a bursary fund. |
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Enviro-Fill Namibia |
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The City of Windhoek entered into a Joint Development Agreement with Enviro-Fill Namibia to extend the lifespan of the Kupferberg land fill site. DBN provided a three year, N$ 1 million bridging finance facility to Enviro-Fill Namibia to fulfill its contractual obligations to the City.
Enviro-Fill Namibia is a joint venture between South Africans and Namibians with Previously Disadvantaged Namibians owning 48% of the shares in the company and also driving its operations.
The health of the environment is a key concern at present and for future generations of Namibians. Enviro-Fill's initiatives reduce the effect of polution and environmental damage. |
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Indigenous Construction |
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Project amount: N$ 5,000,000
Indigenous Construction was awarded a contract by the Roads Authority for the construction of a gravel road from Kongola to the Zambian border with a shorter leg from Kongola to the Quarantine Camp in the Caprivi region. The corporation required funding to purchase machinery and equipment to carry out the contract. 30 people will be employed during the contract period. |
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I-S Airfreight & Road Services |
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Project amount: N$ 3,500,000
I-S Airfreight & Road Services provides courier services. It specialises in overnight, two-day and three to four day economy road transport to and from Johannesburg, Cape Town, and Windhoek; as well as overnight road freight between Windhoek, Walvis Bay and Swakopmund. The company has outgrown its business premises in Prosperita and bought a new plot and truck to grow its operations. I-S Airfreight & Road Services employs 37 full time staff, which is set to increase to 45. |
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JCS Seafood Marketing |
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JCS Seafood Marketing buys and sells Namibian fish and fish products locally and in the international market. In August 2006, JCS entered into an agreement with a processing plant through which the factory allows JCS to catch up to 1,500 metric tonnes of their hake quota and process the catch at the factory at a processing fee.
DBN’s N$ 5.5 million facility is being used to acquire and refurbish a fishing vessel for this purpose. The company provides 36 jobs.
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JOM Construction & Renovation |
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Based in the Erongo Region, JOM Renovations builds and renovates residential, commercial and government properties. It provides 15 jobs.
The company has been in existence for two years and is owned by three previously disadvantaged Namibians. DBN extended a N$ 500,000 loan to JOM Construction to buy equipment and for working capital to service a government contract. |
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Kamuku Enterprises |
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Project amount: N$ 250,000
This company secured a six month contract for the construction of a river crossing structure over the Omaruru River at Okombahe in the Erongo Region, using labour-based construction methods. The loan is for machinery and equipment to carry out the contractual work. The business will employ about 50 task workers over a six-month period. |
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Karukongo Building Contractors |
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Project amount: N$ 500,000
The SME secured a contract for the construction of concrete works and a culvert on the road from Kongola to the Zambian border and the road to the Quarantine Camp in the Caprivi Region, using labour-based construction methods. The business will employ three experts and ten task workers. |
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L. Goliath Construction & Civil Works |
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Project amount: N$ 988,902
Mr. Lemuel Goliath was contracted by the Roads Authority to construct a river crossing over the Hoanib River in the Kunene region. The project involves construction of a concrete crossing structure at the bottom of the river, using labour-based methods. Mr. Goliath required funding for working capital, tools and material to carry out the contract. Up to 120 casual workers from surrounding communities will be employed through the project. |
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M. Shikongo Investments |
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Project amount: N$ 250,000
M. Shikongo Investments secured a contract with the Roads Authority to put up and replace road signs in the Rundu and Katima Mulilo districts. The corporation required a loan for two trucks to carry out the work. Eight full time and 12 temporary workers will be employed. |
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NamPost Limited |
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The N$ 15 million loan to Namibia Post Limited was used to acquire a 50 per cent shareholding in SmartSwitch Namibia (Pty Ltd), to establish a smart card switching payment system in Namibia. The partnership brings modern banking services to low income and rural segments of the country’s population, in line with DBN’s endeavour to support pro-poor initiatives. |
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National Housing Enterprise |
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DBN extended a N$ 30 million loan to NHE to instal bulk infrastructure for a new housing development in Oshakati, which is expected to create 2,000 serviced erven. NHE will also construct houses on these erven for low to middle income groups.
The project aims to address the housing backlog for these income groups in the Oshakati area. It is aligned to DBN's mandate to support initiatives that uplift the living standards of lower income groups.
Installation of bulk infrastructure in a currently un-serviced part of Oshakati will, furthermore, contribute to increasing availability of improved and safe services like clean water, sanitation and regulated electricity supply.
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NamClay Bricks |
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NamClay started operating in Uis in 2006. The town has been bleeding since the tin mine closed more than 15 years ago and it seems as if the project could bring much-needed life to the area.
A clay brick and paver manufacturer, NamClay Bricks will provide an initial 68 jobs; extract clay from old mine slime dams and use the proceeds to rehabilitate the mine; produce a brick ideal to weather conditions at the Namibian coast; and, with a maximum pressure strength of 40 Mega Pascal (MPa), produce a brick of such strength that quite tall buildings can be erected without requiring re-enforced concrete structures.
DBN extended a N$ 5.5 million loan to the project to acquire equipment including kilns, which will improve the company’s efficiency, as well as for working capital. |
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Namibia Stone Processing |
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The N$ 8 million loan to Namibia Stone Processing facilitated actual commencement of the biggest dimension stone processing facility in Africa. |
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Okavango River Bridge (Road Fund Administration) |
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The Road Fund Administration (RFA) works to secure and allocate sufficient funding for the achievement of a safe and economically efficient road sector.
As part of its mandate, the RFA applied for a N$ 10 million loan from DBN to upgrade the Okavango River Bridge on the TransCaprivi Highway. The upgrade will increase cargo handling and, as a result, facilitate increased trade between Namibia and its neighbours, earning foreign exchange for the country.
The TransCaprivi Corridor is particularly important to Namibia as it links the port of Walvis Bay with Zambia, the DRC, Zimbabwe and other countries in the Great Lakes region. The current limited carrying capacity of the Okavango River Bridge is given as a core infrastructure bottleneck for industrial and mining development in the region. 17 permanent and 50 temporary jobs will be created as a result.
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Omkumo Construction and Bojashwi Construction |
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Project amounts: N$ 500,000 each
These women-owned SMEs secured contracts with the Roads Authority for the construction of a gravel road between Muyako and Ngoma in the Caprivi Region, using labour-based construction methods. The project work, which covers a distance of 12 km for each of the SMEs, is limited to de-bushing and excavation, in preparation for the main contractor to complete the road. DBN provided facilities of N$ 500,000 to each, to acquire tools and equipment. Each SME is required to employ up to 150 task workers during their 18-month contract periods.
The increase in support to SMEs in road construction is a consequence of DBN’s undertaking to facilitate these businesses’ entry and growth in a field to which most are new. |
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Ongwediva MediPark |
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Project amount: N$ 6,500,000
In April 2007, DBN introduced a Preference Share Facility to assist businesses in cases where debt funding might not be the appropriate financing mechanism, and which improves the structure of the business. This arrangement lessens the burden of debt on the business. The facility makes it possible for good projects that may have had gearing problems, to become viable.
The N$ 6.5 million facility to the Ongwediva MediPark is in the form of Preference Shares. The project involves the establishment of advanced medical facilities at Ongwediva.
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Oshikango / Fatima Plastics |
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Project amount: N$ 4,900,000
Oshikango Plastics (Pty) Ltd is a new company owned by previously disadvantaged Namibians and established for the purpose of acquiring a 30 per cent shareholding in Fatima Plastics. Fatima Plastics is an existing business involved in the manufacturing of household plastic goods at Oshikango. DBN’s assistance is in the form of preference share investments in Oshikango Plastics, which, in turn, used the proceeds to purchase 30 per cent ordinary shares in Fatima Plastics.
The funds Fatima’s shareholders obtained were reinvested in the business, and was used for raw material and additional equipment. Fatima currently employs 78 people who work on two production shifts in 24 hours. An additional 10 people will be employed. |
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Ongopolo Mining & Processing |
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The DBN extended a N$ 30 million Bridging Facility to Ongopolo Mining and Processing. Ongopolo is the only copper mining and processing company in Namibia. Its existence enables the country to exploit its copper resources with corresponding positive socio-economic impacts. |
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PowerCom |
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DBN extended a N$ 30.5 million Line of Credit to PowerCom’s bankers in 2006 to facilitate shipment of equipment to Namibia to launch the company. The 2007 facility to PowerCom is a N$ 9 million bridging loan and a N$ 20 million guarantee for the roll-out of Cell One in the country.
Apart from creating 106 direct jobs of which 86% are Namibians, PowerCom will generate substantial economic benefits in terms of its contribution to GDP, generation of government revenues through payment of various taxes, and increased competition in the telecommunications sector. The company's 15-year licence requires it to build a nation-wide network providing coverage to 95% of the populated areas of the country within a five year period.
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Roama Gates Manufacturers |
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Project amount: N$ 2,000.000
Roama Gates Manufacturers makes and distributes farm, residential and security gates, as well as steel posts, and refuse bins. These goods are currently being manufactured manually by 15 employees from a rented NDC workshop in Ondangwa, but the company intends to mechanise the process to improve the quality of products and to increase production. DBN’s N$ 2 million loan will go towards financing this expansion through which an additional 15 jobs will be created. |
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Seafresh Investments |
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DBN extended N$ 4.2 million to Seafresh Investments to establish an oyster farm in Walvis Bay.
On the basis of the worldwide oyster production figures available to the Food and agriculture Organisation of the United Nations (FAO), Namibia was the 25th major oyster producer in the world in 2004, just ahead of South Africa. It is projected that Namibia will move to 16th position by 2008.
By supporting this project, DBN supports oyster cultivation, increased exports, and employment creation in this growing industry.
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SMEs involved in road construction |
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All these SMEs are contracted by the Roads Authority to do labour-based gravel road construction work in Oshana and Oshikoto regions.
Kamwiitulwa Electric & Building Construction: N$ 500,000; Otjomuise Construction: N$ 415,000; Thomas Hinyeguile: N$ 500,000; Bima Electro Enterprises: N$ 500,000; Water Technical: N$ 500,000
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Wendjizuva Pharmacy |
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Wendjizuva Pharmacy is 100% owned by a young Namibian woman and has been in operation since June 2004. Expansion has, however, been hampered by a lack of capital to buy more stock. DBN issued a one year payment guarantee for N$ 500,000 to the pharmacy's creditors to enable it to purchase stock through a revolving credit facility secured by the payment guarantee. The facility will help retain five jobs.
The venture is a further step towards opening up the retail pharmaceutical industry to Black Economic Empowerment participants. |
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Zambezi River Lodge - a subsidiary of United Africa Group |
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Project amount: N$ 8,000,000
DBN extended N$ 8 million loan to the United Africa Group to refurbish the Zambezi River Lodge in Katima Mulilo. The Lodge will provide around 50 jobs in Katima Mulilo. |
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