Good Business Award
Winners of the award will be enterprises that have a significant impact on job creation, local sourcing, as well as sustainable and innovative use of resources. Administration of the enterprise and governance will also be taken into consideration, the bank said at the launch of the awards on Tuseday.
Awards will be made in three categories: to SMEs, larger companies and former DBN clients who have paid off loans and continue to grow and prosper. Category winners will each pockect N$30,000 to be reinvested into their businesses.
“The Good Business Award recognises enterprises’ efforts to create lasting jobs and income, adopt good governance practices, and make a positive contribution to Namibia’s economic landscape,” said Chairperson, Elize Angula.
David Nuyoma, DBN Chief Executive Officer added: “The DBN takes an active interest in the progress of enterprises financed and felt the need to reward and recognise enterprises that have made a positive impact based on the bank’s objectives.
“Enterprises financed by DBN have a high success rate. As the bank holds itself accountable for funds, assessment of projects and allocation of finance ensures this. We expect a very high standard of entries. Those who win the awards will be exceptional examples of good enterprise in Namibia,” he continued.
The competition closes on 31 August and the award ceremony will be held in September 2012 at a date to be announced. Application forms will be available at the DBN Head offices in Windhoek and Ongwediva, on the DBN website, from Namibian Chamber of Commerce Offices (NCCI) and SMEs Compete offices across the country.
The panel of judges include the bank’s Head of Business Development, Katja Klein; the Head of Lending, Martin Inkumbi;Manger of Research Dr Michael Humavindi and Head of Credit, Vivian Groenewald.
Nuyoma said verification will be done thoroughly to ensure that deserved entries win. He said panellists will have to visit some of the finalists to make sure that what is on paper reflects what is on the ground.