DBN awards innovators

18 November 2019 | Business

Winner of the Development Bank of Namibia (DBN) 2019 Innovation Award, Pulsar Electronic Solutions, propose a smart metering platform to enable household and enterprise electricity users to control their electricity usage remotely using mobile devices.
Although the DBN is actively engaged in financing additional generation and transmission capacity, it also recognises that streamlining and economizing electricity usage is an important factor in energy sustainability for Namibia.
Deputy director and economic advisor to the minister of finance, Penda Ithindi, presented the awards, together with chairperson of the DBN board, Tania Hangula.
First runner-up in the Innovation Award, NamOceanic Kelp Production, proposed the manufacture of chicken feed from kelp. Chicken is one of Namibia’s staples and feed is currently imported. Second runner-up Primebiochar proposed a soil supplement manufactured from biomass obtained in bush clearing. The supplement will assist in retaining water in the soil and improve nutrient value of the soil for horticulture.
Wordpress, the winner of the Good Business Awards large enterprise category, prints newspapers and supplements previously printed in South Africa and elsewhere. Runner-up in the large enterprise category, Ombepo Energy, constructed and operates Namibia’s first wind farm near Lüderitz in the //Kharas region. Ombepo Energy is a venture between InnoSun Energy Holdings and the Lüderitz Town Council.
Winner of the SME category, Ian’s Shuttles, provides transport services for other companies, shuttle services for hotels and chauffeur services, employing more than 50 people. First runner-up in SME category, Blue Box Technology, is owned by young entrepreneurs and provides digital retail media, event management and coin operated cellphone charging kiosks with secure lockers. Second runner-up, Miiyelo Investment, provides automotive retail services in Otjiwarongo, focusing on sale of tyres, wheel balancing, tow-in services and it operates a car wash.
According to DBN chairperson Tania Hangula, the bank’s main objective is to support economic and social development, and aims to achieve this goal through the provision of finance and business support to Namibian enterprises. “Long-term business sustainability is important to ensure sustainable economic growth and social progress. Winners of the bank's large enterprise and SME awards represent this goal.”
Through the Good Business and Innovation Awards, the DBN demonstrates commitment to support Namibian businesses who have demonstrated resilience and a winning attitude, Hangula added.
Economic advisor to the minister of finance, Penda Ithindi, said the bank is a key agency in developing Namibia.
The DBN has supported the creation of 24 000 new jobs and 32 000 temporary jobs since 2004 while approving over N$15 billion development finance for infrastructure and enterprise activities over the 15 years of its existence.

Similar News

 

New partnership broadens Gondwana horizons

3 days ago - 04 December 2019 | Business

The Gondwana Collection has entered into its first marketing partnership with the European hotelgroup, Romantik, which includes 200 hotels and 250 restaurants in nine European...

WCCR hands over N$6 million preference shares toGRN

5 days ago - 02 December 2019 | Business

The Windhoek Country Club Resort and Casino (WCCR) handed over N$6 million in preference shares to its shareholder – the government, in particular the ministries...

Sharing the art of resilience

1 week ago - 26 November 2019 | Business

How to fail, bounce back & show up is the theme of this month’s edition of Future Females taking place at the Vintage Coffee Shop...

Doen jou vleisaankope by Porky's

1 week ago - 25 November 2019 | Business

Yolanda Nel Jy hoef nie tot “Black Friday” te wag vir Porky’s Meat Market se spesiale aanbiedinge nie – jy kan nou al daar gaan...

KfW and NamPost support SMEs

2 weeks ago - 19 November 2019 | Business

The German development bank KfW and NamPost supporting small and medium enterprises and households in rural areas with a concessional loan of N$325 million. The...

Air Nam’s Frankfurt flight back on track

2 weeks ago - 18 November 2019 | Business

Air Namibia announced that it’s Windhoek – Frankfurt flight is operating as per schedule again following an incident that involved one of the airline’s Airbus...

Is a franchise the right model for your business?...

3 weeks ago - 13 November 2019 | Business

Mbo LuvindaoNamibia’s Small Medium Enterprise (SME) sector is reported to contribute more than 10% to the gross domestic product (GDP) and 20% to employment creation....

O&L buys majority stake in Hartlief

3 weeks ago - 11 November 2019 | Business

The Olthaver and List (O&L) Group announced the acquisition of the majority stake (60%) in Hartlief earlier today, with the group’s chairperson Sven Thieme saying...

Empowering women in business

3 weeks ago - 11 November 2019 | Business

Bank Windhoek in partnership with Good Women Good Business (GWGB) recently hosted a Jeans and Sneakers event where women conversed about topics ranging from overcoming...

NaMedia’s Beyleveld rakes in leadership award

3 weeks ago - 11 November 2019 | Business

The Institute of People Management (IPM) hosted a leadership awards gala dinner, where NaMedia’s Natasja Beyleveld was recognised for her outstanding role in enhancing executive...

Latest News

New development in Kleine Kuppe

1 day - 06 December 2019 | Infrastructure

At the ground breaking ceremony of a new development in the Kleine Kuppe, Windhoek City Council member Paulus Immanuel called on developers and financiers to...

Bags full of joy

2 days ago - 05 December 2019 | Society

This festive season Nedbank Namibia staff members are giving back to the less fortunate by supporting the Swakopmund Junior Town Council, to spread joy amongst...

CCSO projects end on a...

2 days ago - 05 December 2019 | Education

Earlier today the European Union (EU) and Konrad Adenauer Foundation (KAS) held an end of project event in Windhoek to celebrate the successes and achievements...

Get your house Christmas ready

2 days ago - 05 December 2019 | Art and Entertainment

December is here, which means that if you have yet to put up your Christmas decorations, then you’re already behind!But, despite the Christmas stockings, Santa...

Chill with Windhoek Express

3 days ago - 04 December 2019 | Art and Entertainment

Currently running• Atelier 7881 presents a monochrome exhibition with paintings, sketches and collages by Marcii Magson at 10 Oranje Street in Windhoek until 5 December....

What’s hot and happening at...

3 days ago - 04 December 2019 | Art and Entertainment

Bank Windhoek hosts the annual Summer Festival for visitors to the coast from Friday 6 December until Saturday 21 December, featuring loads of entertainment and...

New partnership broadens Gondwana horizons

3 days ago - 04 December 2019 | Business

The Gondwana Collection has entered into its first marketing partnership with the European hotelgroup, Romantik, which includes 200 hotels and 250 restaurants in nine European...

Dancing their way to N$30 000!

3 days ago - 04 December 2019 | Art and Entertainment

Yolanda Nel The fourth Kongoma dance festival is almost at its end, with the final taking place on Saturday at theSam Nujoma stadium.According to organiser...

Ghetto dreams are gold

4 days ago - 03 December 2019 | Art and Entertainment

Swakopmund • [email protected] hip-hop artist Paulus Kavindji (23), better known as Yung Kavin, has just released his second studio album, Ghetto Hero.Talking to this publication,...

Load More