KfW and NamPost support SMEs

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 funds will be used to provide micro-loans to micro-, small- and medium sized companies and households in rural and remote areas via the NamPost subsidiary PostFin.
According to a statement on behalf of the German Embassy, the funding directly supports poverty reduction and social progression, adequate financial products and access to finance to create an enabling environment for micro and small entrepreneurs in the formal and informal sector.
The funds aim at extending the respective access to finance for up to 28 000 households and these enterprises, with a special focus on women and disadvantaged persons.
According to KfW Windhoek outgoing office director, Dr Uwe Stoll, NamPost can now more easily fulfil its part ‘to leave no one behind’.
NamPost CEO Festus Hangula thanked KfW for the longstanding beneficial relationship between the two institutions that has lasted for more than 14 years. Much has already been achieved with the shared vision of both institutions to make a difference in many Namibian lives which aims at providing solutions to the challenges of the future.

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...

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...

DBN awards innovators

2 weeks ago - 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...

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