Otweya Land Developers was announced winner of the large enterprise category at the 2022 edition of the Development Bank of Namibia (DBN) Good Business Awards.
The company serviced land for the development at Rocky Crest Extension 4, contributing to the availability of serviced land in Windhoek.
San Kaross Lifestyle Safari, which developed San Kaross Lodge at Daan Viljoen and the International University of Management (IUM), was finalist in the category.
Zealous Tutorial Centre, which provides tutorial services to Grade 10 and 12 learners at Rundu, enhancing secondary school educational outcomes, was the winner of the SME category.
Finalist Infinity Logistics that operates in the transport and logistics sector and Blue-Chem Investments manufactures cleaning products at Walvis Bay, were finalists in the SME category.
Vice President Dr. Nangolo Mbumba officiated the event, which was attended by leading figures in Namibia’s private sector.
DBN Board Chairperson Sarel van Zyl said through its finance of sustainable enterprises, the Bank seeks to achieve a high degree of economic activity and resulting development impact, as the economy recovers, and in future as the economy bears fruits.
He noted that the first Good Business Awards took into consideration job creation, local sourcing, sustainable and innovative use of resources, sound administration of the enterprise and good governance. Those judging criteria for these awards remains the same, and the finalists and winners epitomise that.
Describing the relevance of the Awards, DBN CEO Martin Inkumbi said good business consists of enterprises and initiatives that are appropriate to the Namibian economy, that satisfy demand in the market and that are well administered.
“Good businesses are also those that can adapt to changing circumstances and economic shocks, as we have seen in the last two years. Good businesses also use their resources to accumulate capital either to grow, to evolve or to buffer themselves against economic shocks,” said Inkumbi.
The Good Business Awards, last held in 2019 after being suspended for two years due to the Covid-19 pandemic, showcase the best enterprises financed by the Bank.
