Original disclosure @ AFDB website
Updated in EWS Mar 19, 2025
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According to the bank provided information, the project includes a state-guaranteed line of credit to improve access to renewable energy and support manufacturing, social protection and agricultural value chains. It also includes a We-Fi grant from AFAWA: (i) to facilitate financing for women-owned/led SMEs and (ii) in technical assistance to strengthen gender mainstreaming, skills development and the financial ecosystem, in order to increase access to credit for Namibian women entrepreneurs.
DBN support will strengthen agricultural value chains, supporting processing, storage and distribution to improve productivity and food security, benefiting farmers, SMEs and local communities. Renewable energy projects will expand access to clean, affordable energy, reducing the country's energy dependency and promoting rural development.
Namibia faces major economic challenges, including limited diversification, low attractiveness for private investment and high dependence on international trade. To address these challenges, the government is focusing on innovation, skills development and value chain integration. Against this backdrop, in November 2023, the Development Bank of Namibia (DBN) requested 1.5 billion rand in financing from the Bank, backed by a sovereign guarantee, to support projects in strategic sectors.
Babatunde Oluwaseyi TIJANI
Investment Officer, PIFD1
African Development Bank
b.tijani@afdb.org
www.afdb.org
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process
ACCOUNTABILITY MECHANISM OF AfDB
The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/