DBN gets shares in Norsad Finance
DBN recently obtained shares in Norsad Finance, formerly the Norsad Fund, a development finance institution (DFI), established in 1990, between the Nordic governments of Denmark, Finland, Norway, Sweden and 11 SADC countries, including Namibia. In the transformation of the Norsad Fund to a company, Nordic and SADC governments’ shareholding has been allocated to local DFIs and other financial institutions. Norsad Finance aims to provide long-term risk capital to Southern African companies. In the picture, DBN CEO David Nuyoma, accepts the signed agreement from Norsad Investment Officer, Justin Nthala.