29
Jul
The Development Bank of Namibia (DBN) recently launched the Youth Fund, a loan scheme meant to empower young Namibians to start businesses and create economic opportunities. Yet, the Fund sits idle, with “little to no uptake” from the very demographic it seeks to uplift. This scenario is both perplexing and revealing, pointing to deeper systemic flaws in how youth-targeted economic interventions are conceptualised and implemented in Namibia. The Youth Fund’s poor performance raises the fundamental question: was it designed with the realities of young Namibians in mind? Debt, particularly in the context of a weak job market and an unforgiving…