25
Apr
Martin Endjala The Development Bank of Namibia (DBN) has announced its participation in the Bank of Namibia Small Medium Enterprise Economic Recovery Loans scheme. Its participation brings the number of schemes on offer by DBN to two. The other scheme offered by the Bank is the Kreditanstalt für Wiederaufbau Bankengruppe (KfW) scheme. This was announced by DBN Head of Marketing and Corporate Communication, Jerome Mutumba yesterday, who says the BoN scheme is of a longer duration of seven years, and the interest rate floats at prime -0.5 percent. The KfW scheme is of short duration, with repayment to conclude by…