The Development Bank of Namibia (DBN) views performance of contracts, tenders and provision of construction services as a core requirement for economic and social development of Namibia.
To support these activities, the Bank provides finance to contractors and builders.
Finance for contractors
Among others, the Bank can provide finance for:
Site clearing & levelling
Road construction
Water and sewage
General construction
Plumbing
Electrical works
Installation of fittings and carpentry
Bulk solar installations
Structured, responsive finance for larger projectss
The Bank structures finance for larger projects to ensure that it promotes viability, based on the project and sales plan.
The Bank cooperates with contractors to develop viable financing that takes contract income, performance guarantee requirements and / or sales plans into account.
Products
For contractors and builders with less complex requirements, DBN provides a range of products that may include:
Asset-backed finance (vehicles and other assets)
Contract (tender) based finance
Performance guarantees
Property development finance
Structured, responsive finance for larger projects
Duration
The duration of finance is short-term.
The duration of asset backed finance and / or contract (tender) based finance is linked to the timeline of the contract or tender.