WINDHOEK, 21 OCT – A recently signed agreement that consists of a EURIZ portfolio guarantee of N$ 68m (EUR 4m) to support First National Bank of Namibia in its financing to high-impact MSMEs was recently signed yesterday in the presence of representatives from Proparco, FNB Namibia, AFD, the French Embassy and the EU Delegation to Namibia. FNB Namibia is a long-standing partner of Proparco, and AFD Group, having already benefited from two portfolio guarantees in 2011 and 2014.
Through this partnership, via a EURIZ guarantee, Proparco seeks to contribute towards the FNB Namibia’s efforts to support Namibian MSMEs operating in key sectors such as agriculture, health, education and climate, as well as youth-owned SMEs, women-owned SMEs, and start-ups.
A significant proportion of the guarantee will focus on supporting those MSMEs operating in the agriculture sector, in an effort to contribute to Namibia’s food security objectives. The guarantee will be coupled with a technical assistance facility designed to provide the financial institution’s MSME customers with capacity building support.
Launched in May 2019 with the support of the European Union and the European Development Fund, and the Organization of African, Caribbean and Pacific States (OACPS), the EURIZ guarantee aims to facilitate access to credit for MSMEs, in particular in sectors with a high development impact, in order to help them play their essential role in economic growth and job creation. It also forms part of Choose Africa, the French initiative dedicated specifically to African entrepreneurs and MSMEs.
By working with local financial institutions, Agence Française de Développemen (AFD) Group contributes to strengthening financial markets and plays a counter-cyclical role by increasing funding for local economic actors so that they are more likely to overcome the consequences of the Covid-19 crisis. In doing so, the project promotes local private sector development for sectors and segments that are essential in achieving sustainable and inclusive economic growth. Therefore, it will contribute to SDGs n°1 (“No poverty”), n° 8 (“Decent work and economic growth”) and n°10 (“Reduced Inequalities”).
Speaking at the event, Sepo Haihambo, Executive Officer: FNB Commercial said, “given our position as the leading financial services provider in Namibia, we understand that we have a responsibility to deliver both financial value and positive social outcomes for multiple stakeholders. These principles underpin the bank’s view that we must intentionally use core business activities, including our role in allocating capital to small business owners (particularly women), to add value to society. This partnership agreement is now in place to help fellow Namibians in MSMEs countrywide, to look to the future with enthusiasm and support”. – NDN Staffer
54 comments
itsmasum.com
[…]please pay a visit to the internet sites we stick to, including this 1, because it represents our picks from the web[…]
Queen Arwa University EDURank
[…]we came across a cool web-site that you could possibly take pleasure in. Take a search when you want[…]
A Yemeni Arab Journal Indexed by Scopus and ISI
[…]the time to study or visit the content material or web pages we have linked to below the[…]
Queen Arwa University digital identity
[…]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless really really worth taking a appear, whoa did one study about Mid East has got more problerms at the same time […]
Kuliah Online
[…]here are some links to websites that we link to because we believe they are really worth visiting[…]
918kiss
[…]here are some hyperlinks to internet sites that we link to due to the fact we consider they’re worth visiting[…]
pg slot
[…]check beneath, are some completely unrelated sites to ours, however, they’re most trustworthy sources that we use[…]
918kiss
[…]although web-sites we backlink to below are considerably not associated to ours, we feel they may be really worth a go by, so possess a look[…]
itme.xyz
[…]below youll obtain the link to some web-sites that we feel you should visit[…]
ItMe.Xyz
[…]The information and facts talked about within the post are a number of the best offered […]
Dropbox URL Shortener
[…]below you will uncover the link to some sites that we believe it is best to visit[…]
ItMe.Xyz
[…]always a massive fan of linking to bloggers that I like but do not get a good deal of link appreciate from[…]
itme.xyz
[…]here are some hyperlinks to web-sites that we link to for the reason that we think they may be really worth visiting[…]
FB URL Shortener
[…]The data talked about in the article are several of the best readily available […]
satoshi t shirt
[…]Every the moment inside a whilst we opt for blogs that we read. Listed beneath are the newest web pages that we decide on […]
french bulldog puppies for sale $200
[…]Here is an excellent Weblog You may Find Interesting that we Encourage You[…]
micro frenchie
[…]the time to study or take a look at the content or sites we’ve linked to below the[…]
live nude chat
[…]Here are a number of the web pages we advocate for our visitors[…]
cheap amateur webcams
[…]Every the moment in a when we select blogs that we read. Listed beneath would be the most up-to-date sites that we opt for […]
cheap sex chat
[…]Sites of interest we have a link to[…]
free webcam girls
[…]very few websites that transpire to become in depth below, from our point of view are undoubtedly effectively really worth checking out[…]
massachusetts boston terriers
[…]check below, are some totally unrelated web sites to ours, even so, they are most trustworthy sources that we use[…]
texas heeler
[…]we came across a cool web-site which you may possibly delight in. Take a search should you want[…]
french bulldog texas
[…]we prefer to honor lots of other internet internet sites on the web, even if they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
in vitro fertilization mexico
[…]the time to study or go to the subject material or sites we’ve linked to beneath the[…]
floodle
[…]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless actually worth taking a search, whoa did one learn about Mid East has got extra problerms as well […]
dog papers
[…]always a huge fan of linking to bloggers that I like but dont get quite a bit of link adore from[…]
french bulldog near me for sale
[…]one of our guests just lately encouraged the following website[…]
acupuncture fort lee
[…]the time to read or go to the content material or sites we’ve linked to below the[…]
vietravel tour
[…]usually posts some incredibly interesting stuff like this. If you are new to this site[…]
clima en chimalhuacan
[…]we came across a cool web page that you could possibly get pleasure from. Take a appear for those who want[…]
cuautitlan izcalli clima
[…]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless seriously really worth taking a appear, whoa did one particular find out about Mid East has got additional problerms as well […]
Schneider
[…]Wonderful story, reckoned we could combine some unrelated information, nevertheless definitely worth taking a appear, whoa did one particular find out about Mid East has got far more problerms too […]
بطاقة ايوا
[…]we came across a cool web site that you just could possibly appreciate. Take a look when you want[…]
my free cams
[…]very few internet sites that come about to become in depth below, from our point of view are undoubtedly very well really worth checking out[…]
live webcam sex
[…]please stop by the web sites we comply with, like this a single, as it represents our picks in the web[…]
cheap adult webcams
[…]just beneath, are several totally not connected web-sites to ours, however, they’re surely worth going over[…]
amateur webcams
[…]usually posts some very interesting stuff like this. If youre new to this site[…]
micro american bullies
[…]one of our visitors recently encouraged the following website[…]
mixed breed pomeranian chihuahua
[…]although web sites we backlink to below are considerably not associated to ours, we really feel they may be really worth a go by way of, so have a look[…]
condos on isla mujeres
[…]we came across a cool website that you just could delight in. Take a search for those who want[…]
boat rentals cancun mexico
[…]below you will find the link to some websites that we believe you must visit[…]
스포츠중계
[…]usually posts some quite fascinating stuff like this. If youre new to this site[…]
esports domains
[…]one of our visitors a short while ago encouraged the following website[…]
isla mujeres golf cart rental
[…]Sites of interest we have a link to[…]
mexican candy store
[…]very handful of internet websites that occur to be comprehensive beneath, from our point of view are undoubtedly effectively worth checking out[…]
linh hoang
[…]the time to read or stop by the content or sites we have linked to beneath the[…]
늑대닷컴
[…]we like to honor many other world-wide-web web pages around the net, even if they arent linked to us, by linking to them. Under are some webpages really worth checking out[…]
늑대닷컴
[…]very few sites that transpire to become detailed beneath, from our point of view are undoubtedly well really worth checking out[…]
dog probiotic chews
[…]Wonderful story, reckoned we could combine several unrelated data, nonetheless actually really worth taking a appear, whoa did one particular understand about Mid East has got additional problerms as well […]
mexican candy store near me
[…]very handful of web sites that transpire to be in depth below, from our point of view are undoubtedly well really worth checking out[…]
mexican candy store near me
[…]Every the moment inside a although we pick blogs that we read. Listed beneath would be the latest websites that we opt for […]
french bulldog
[…]usually posts some incredibly interesting stuff like this. If you are new to this site[…]
frenchie yorkie mix
[…]always a massive fan of linking to bloggers that I appreciate but do not get a lot of link like from[…]
Comments are closed.