The following articles and statements are provided for public information and copyright vests in the Development Bank of Namibia. For permission to use these items verbatim, or as excerpts, or for photographic permissions, please contact the Corporate Communications and Stakeholder Relationships Specialist on 061 290 8000.
DBN has implemented business training for young skills-based entrepreneurs. Although many young skills-based entrepreneurs have a great degree of expertise in their fields, additional learning and business management skills will make their enterprises sustainable.
The Mentoring and Coaching Unit has implemented a business management training programme to support young professionals and young artisans financed by the Bank.
- Find out about skills-based finance for young artisans, here…
- Find out about skills-based finance for young professionals, here…
The programme enhances business management skills. Training includes basic business management skills, including business planning, financial planning, costing and pricing, compliance, taxation, procurement, marketing and customer service, human resources, labor relations, and other business topics.
Speaking about the need for training, DBN Head of Marketing and Corporate Communication, Jerome Mutumba said that the young professionals and artisans are highly skilled and trained in their fields, but often lack business skills which places their enterprises in jeopardy. Training programmes are the best way to address the problem.
The training, provided free to the young DBN borrowers, is structured so that the entrepreneurs will not be away from the businesses for too long, and lasts for 6 days, twice a week for 3 weeks. It has been piloted in the Khomas region and will soon be rolled out to the Bank’s Walvis, Ongwediva and Rundu branches.