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Development Bank of Namibia CEO, John Steytler
Development Bank of Namibia CEO, John Steytler

Constant and consistent development in 2025 and beyond for growth

A new dawn
Namibia will usher in the first female President, Her Excellency Netumbo Nandi-Ndaitwah. Her presidency promises an impactful socio-economic plan, designed to create thousands of jobs in innovative ways, writes John Steytler
John Steytler
The President of the Republic of Namibia, His Excellency Dr Nangolo Mbumba's New Year message to the nation emphasised that 2025 will be the year the country should cement its developmental interventions to become stronger and better for current and future generations. This foresight and clarion call to grow the country socio-economically resonated with me and is in line with the strategic business objectives of the Development Bank of Namibia.

Fortunately, after three and half decades of well-thought-out targeted policies, systems and sound institutions that were developed, Namibia is now positioned to be better after weathering major storms of the past decades. As a nation, we can focus on executing socio-economic projects and programs that deliver real, sustained economic growth.

2025 presents a unique opportunity to aggressively pursue carbon projects, agriculture and agro-processing industries, amongst others, that have the potential to match job opportunities with the immediate needs of the unemployed youth while simultaneously addressing food security in the country.

Furthermore, plans to roll out renewable energy projects and lay the groundwork to explore potential nuclear energy projects could bolster the economic standing of Namibia for now and in future. It goes without saying that continuous investment in infrastructure will carry and cushion against potential economic obstacles. Modern and functional water, telecoms and rail infrastructure is a must for positive developmental impact.

As we look toward the dawn of a new era in March 2025, Namibia will usher in the first female President, Her Excellency Netumbo Nandi-Ndaitwah. Her presidency promises an impactful socio-economic plan, designed to create thousands of jobs in innovative ways. Dr Netumbo will soon set out her stall to facilitate and catalyse an enduring economic recovery. DBN is committed to supporting these plans by deploying capital to fuel growth in prioritized sectors of the economy.

We, as Namibians, have the potential to add significant value to key sectors, driving continued growth and expansion. By investing in learning, training, and upskilling, we can ensure that, in the coming decades, Namibians are not only employed but excel as qualified engineers, managers, trainers, lawyers, doctors, and technicians. This inclusive approach will help build a diverse and resilient economy, capable of withstanding external challenges.

At DBN, we firmly believe in developing and giving opportunities to previously marginalized and underrepresented population groups, such as the youth, women, and those in rural communities. By embracing the ambitious plans of the incoming President and supporting our present President's drive and commitment to developing the country socio-economically for our present and future generations, we certainly have our work cut out for us.

The economic growth and Foreign Direct Investment (FDI) we see now is the reward or 'gain' for all the years of investment and hardship Namibia endured, which Covid-19 compounded. In 2025, I believe we are ready for this growth, and the youth is excited about the potential in Namibia. That is where the spring in our step comes from. The economic indicators reflect our development. We can be the model for the rest of Africa, where a revitalized nation and its resilient populace are active, motivated, and ready to participate in the growing economy. We know that present and future generations will benefit from embracing opportunities. The year, 2025 will prove to be a pivotal year for Namibia, and we, as DBN, plan to support, help develop, and embrace the opportunities presented to us as a nation and our economy.





*John Steytler is the CEO of the Development Bank of Namibia**

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Allgemeine Zeitung 2025-02-16

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Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Katima Mulilo: 19° | 30° Rundu: 19° | 31° Eenhana: 20° | 32° Oshakati: 22° | 32° Ruacana: 19° | 31° Tsumeb: 19° | 27° Otjiwarongo: 16° | 29° Omaruru: 19° | 34° Windhoek: 16° | 27° Gobabis: 17° | 25° Henties Bay: 18° | 23° Wind speed: 21km/h, Wind direction: W, Low tide: 11:33, High tide: 05:38, Low Tide: 23:34, High tide: 17:50 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: W, Low tide: 11:31, High tide: 05:36, Low Tide: 23:32, High tide: 17:48 Walvis Bay: 17° | 21° Wind speed: 21km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:35, Low Tide: 23:32, High tide: 17:47 Rehoboth: 17° | 29° Mariental: 18° | 33° Keetmanshoop: 21° | 34° Aranos: 18° | 28° Lüderitz: 19° | 28° Ariamsvlei: 22° | 35° Oranjemund: 15° | 24° Luanda: 27° | 28° Gaborone: 16° | 18° Lubumbashi: 18° | 20° Mbabane: 17° | 23° Maseru: 16° | 23° Antananarivo: 18° | 22° Lilongwe: 19° | 26° Maputo: 23° | 32° Windhoek: 16° | 27° Cape Town: 19° | 25° Durban: 21° | 28° Johannesburg: 13° | 19° Dar es Salaam: 27° | 32° Lusaka: 18° | 24° Harare: 17° | 23° Currency: GBP to NAD 23.04 | EUR to NAD 19.23 | CNY to NAD 2.53 | USD to NAD 18.36 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.2 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.37 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 882.48/OZ DOWN -0.0166 | Copper US$ 4.62/lb DOWN -0.0281 | Zinc US$ 2 857.30/T DOWN -0.07% | Brent Crude Oil US$ 74.89/BBP DOWN -0.0102 | Platinum US$ 1 001.35/OZ DOWN -0.0362 Sport results: Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Weather: Katima Mulilo: 19° | 30° Rundu: 19° | 31° Eenhana: 20° | 32° Oshakati: 22° | 32° Ruacana: 19° | 31° Tsumeb: 19° | 27° Otjiwarongo: 16° | 29° Omaruru: 19° | 34° Windhoek: 16° | 27° Gobabis: 17° | 25° Henties Bay: 18° | 23° Wind speed: 21km/h, Wind direction: W, Low tide: 11:33, High tide: 05:38, Low Tide: 23:34, High tide: 17:50 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: W, Low tide: 11:31, High tide: 05:36, Low Tide: 23:32, High tide: 17:48 Walvis Bay: 17° | 21° Wind speed: 21km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:35, Low Tide: 23:32, High tide: 17:47 Rehoboth: 17° | 29° Mariental: 18° | 33° Keetmanshoop: 21° | 34° Aranos: 18° | 28° Lüderitz: 19° | 28° Ariamsvlei: 22° | 35° Oranjemund: 15° | 24° Luanda: 27° | 28° Gaborone: 16° | 18° Lubumbashi: 18° | 20° Mbabane: 17° | 23° Maseru: 16° | 23° Antananarivo: 18° | 22° Lilongwe: 19° | 26° Maputo: 23° | 32° Windhoek: 16° | 27° Cape Town: 19° | 25° Durban: 21° | 28° Johannesburg: 13° | 19° Dar es Salaam: 27° | 32° Lusaka: 18° | 24° Harare: 17° | 23° Economic Indicators: Currency: GBP to NAD 23.04 | EUR to NAD 19.23 | CNY to NAD 2.53 | USD to NAD 18.36 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.2 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.37 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 882.48/OZ DOWN -0.0166 | Copper US$ 4.62/lb DOWN -0.0281 | Zinc US$ 2 857.30/T DOWN -0.07% | Brent Crude Oil US$ 74.89/BBP DOWN -0.0102 | Platinum US$ 1 001.35/OZ DOWN -0.0362