(3 Minutes Read)
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 disbursed funds were channeled through four local commercial banks responsible for lending to qualifying SMEs.
The Small and Medium Enterprises (SME) Economic Recovery Loan Scheme of Namibia disbursed N$462 million by the end of last year, representing 92.4% of the total allocated N$500 million.
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 disbursed funds were channeled through four local commercial banks responsible for lending to qualifying SMEs.
Read Also;
https://trendsnafrica.com/3rd-au-msme-forum-is-being-held-in-namibia/
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 utilized their total allocations.”Sector-wise, the construction, accommodation, and business services subsectors received the largest share of the funding.
