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.

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