The Bank of Namibia (BoN) and the Development Bank of Namibia (DBN) have signed a three-year Memorandum of Understanding (MoU) to bolster economic growth and development in Namibia.
The agreement, signed on Monday, aims to leverage the combined expertise and resources of the BoN and DBN to achieve sustainable economic development and social welfare for Namibians.
The MoU establishes a framework for the cooperative engagement, facilitating collaboration on initiatives that promote economic growth and development in Namibia, which includes sharing relevant data and information, conducting joint research, organizing economic seminars, and working on projects that address specific developmental challenges.
“This collaboration marks a significant milestone in our shared commitment to fostering economic growth and sustainable development across our nation. By leveraging our combined resources and expertise, we aim to create a robust financial ecosystem that supports innovative projects, empowers small and medium enterprises, and drives inclusive economic progress. Together, we are poised to make a lasting impact on Namibia’s economic landscape, ensuring prosperity and opportunities for all Namibians,” said DBN CEO, John Steytler.
Leonie Dunn, Deputy Governor of the BoN, said the MoU represents more than just a partnership on paper; it reflects a shared vision of fostering economic growth, supporting sustainable development, and addressing developmental challenges in Namibia.
“Our collaboration embodies the spirit of unity and progress, as we leverage our combined expertise to strengthen the resilience of our economy and deliver meaningful impact. Together, we will go far,” she said.
