• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Business & Economy

SME loan scheme disburses N$462 million

by editor
April 1, 2025
in Business & Economy
8
A A
368
SHARES
6.1k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Small and Medium Enterprises (SME) Economic Recovery Loan Scheme disbursed N$462 million by the end of last year, representing 92.4% of the total allocated N$500 million.

You might also like

Women now lead over 70% of Namibian SMEs

Namibia seeks stronger U.S. partnerships at Africa Business Summit

April inflation rises to 3.6%, driven by food and housing costs

According to the Bank of Namibia’s (BoN) 2024 Annual Report, the scheme, established by the central bank in collaboration with the then Ministry of Finance and Public Enterprises, aims to support SMEs through targeted financial interventions.

“The Scheme is a loan facility established by the Bank of Namibia in collaboration with the Namibian Government through the Ministry of Finance and Public Enterprises, aimed at reviving the Small and Medium Enterprises sector,” the report states.

The disbursed funds were channelled through four local commercial banks responsible for lending to qualifying SMEs.

The report highlights that as of 31 December 2024, nearly all allocated funds had been utilised.

However, “relative to 2023, activity under the scheme slowed during the period under review, as some participating banks had utilised their total allocations.”

Sector-wise, the construction, accommodation, and business services subsectors received the largest share of the funding.

The BoN noted that the geographical distribution of the loans was concentrated in the Khomas, Oshana, and Omusati regions.

Although the SME Loan Scheme targeted a specific group of borrowers, the central bank emphasised that recent monetary policy adjustments had broader economic implications.

“While this scheme targets a limited subset of borrowers, the repo rate reductions announced by the bank from August 2024 have reached all borrowers in the economy,” the report noted.

Furthermore, the BoN underscored the positive impact of inflation control measures.

“The benefits of the lower inflation that has been achieved similarly accrue to the economy in general,” the report added.

author avatar
editor
See Full Bio
Tags: economySME
Share147Tweet92Share26
Previous Post

Your personal board of advisors: A critical success factor

Next Post

NCRST calls for greater investment in biomedical research

Recommended For You

Women now lead over 70% of Namibian SMEs

by reporter
July 8, 2025
0
Women now lead over 70% of Namibian SMEs

More than 70% of Namibia’s small and medium enterprises (SMEs) are led by women, according to First National Bank (FNB) Namibia, highlighting a shift towards more inclusive entrepreneurship...

Read moreDetails

Namibia seeks stronger U.S. partnerships at Africa Business Summit

by reporter
June 23, 2025
0
Namibia seeks stronger U.S. partnerships at Africa Business Summit

Namibia will participate in the 2025 U.S.-Africa Business Summit, with the country’s attendance aimed at deepening economic ties with the United States and promoting investment and trade opportunities....

Read moreDetails

April inflation rises to 3.6%, driven by food and housing costs

by reporter
May 13, 2025
0
April inflation rises to 3.6%, driven by food and housing costs

Namibia’s annual inflation rate rose to 3.6% in April 2025, primarily fuelled by increases in food and housing-related costs, the Namibia Statistics Agency (NSA) has reported. According to...

Read moreDetails

NamRA uncovers N$666,000 tax refund fraud scheme

by editor
May 5, 2025
0
NamRA uncovers N$666,000 tax refund fraud scheme

The Namibia Revenue Agency (NamRA) has uncovered a fraudulent scheme that resulted in the illegal payout of tax refunds totaling more than N$666,000 between January and April 2025,...

Read moreDetails

141,000 non-compliant businesses face deregistration by BIPA

by editor
May 2, 2025
0
141,000 non-compliant businesses face deregistration by BIPA

More than 141,000 businesses in Namibia are at risk of being deregistered after the Business and Intellectual Property Authority (BIPA) began a phased process to remove entities that...

Read moreDetails
Next Post
NCRST calls for greater investment in biomedical research

NCRST calls for greater investment in biomedical research

Related News

Green schemes to produce 15,000 tonnes of maize

Green schemes to produce 15,000 tonnes of maize

January 8, 2024
Recon secures additional data for Namibia exploration

Recon secures additional data for Namibia exploration

May 25, 2023
To be my President’s keeper

Missional clarity: The why behind the seat

July 11, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.