WINDHOEK: The Development Bank of Namibia (DBN) has approved N.dollars 242.9 million in loans in the third quarter of 2012, with a potential impact on 2 112 jobs.
The third quarter of 2012 runs from July to the end of September.
DBN Head of Lending, Martin Inkumbi announced yesterday at a media briefing held in the capital that of these loans, 77.4 per cent was allocated to corporate projects and 22.6 per cent to small and medium enterprise (SME) projects.
Corporate loan approvals amounted to N.dollars 188 million, and loan approvals to SMEs amounted to N.dollars 54.9 million, while no approvals were made to the public sector during the third quarter.
According to Inkumbi, the bank performed well in the third quarter, compared to the first and second quarters, during which loans totalling N.dollars 103 million and N.dollars 81.4 million respectively were approved.
In the third quarter, the bulk of the finances went to corporate projects, as opposed to the first two quarters of 2012, during which the SME sector dominated loan approvals.
Namibia needs to upgrade its Information and Communication Technology (ICT) infrastructure and implement policies effectively in order to succeed at becoming a digital society.
This was the view of the chairperson of the Parliamentary Standing Committee on Information and Communication Technology, Moses Amweelo at a media briefing in the capital yesterday on the committee’s recent study tour to the Republic of Estonia from 06 to 12 October.
He noted that Estonia is an incredible success story, grown out of a partnership between a forward-thinking government, a proactive ICT sector and a switched-on, tech-savvy population.
Amweelo said during the committee’s visits to various public and private institutions there, it found that that country is well-advanced in terms of ICT usage and penetration.
Namibia, instead of developing a single all-encompassing central system, should thus create an open decentralised system that links various services and databases.