Namibia had R2.159 billion in committed but undisbursed development funding from the Development Bank of Southern Africa (DBSA) as at 31 March 2026, pointing to a sizeable pipeline of approved financing yet to be deployed in the country.
According to DBSA’s 2026 Integrated Annual Report and accompanying financial statements, the undisbursed commitment remained unchanged from the previous financial year.
The funding is in addition to R2.1 billion in outstanding development loans already held by the DBSA in Namibia, taking the bank’s disclosed loan exposure and undisbursed commitments to the country to more than R4.2 billion.
The figures underline the scale of DBSA’s development financing relationship with Namibia as the regional development finance institution continues to fund projects outside its home market of South Africa.
Namibia forms part of DBSA’s Rest of Africa portfolio, which covers development financing across the continent and its economic islands following the expansion of the bank’s geographic mandate beyond the Southern African Development Community.
The country was among 20 markets outside South Africa in which the DBSA reported active exposure during the financial year.
While Namibia was not identified among DBSA’s largest African markets, the bank’s R2.1 billion outstanding development loan book and R2.159 billion in committed but undisbursed financing represent continued exposure to the country.
The report did not identify specific defaults, restructuring concerns or other credit risks relating to the bank’s Namibian exposure.
Namibia also forms part of DBSA’s international equity portfolio, although the bank did not provide a separate value for its equity investments in the country.
The financial statements further recorded a R12,000 receivable from the Development Bank of Namibia, compared with R16,000 in 2025.
