IMELDA AMBONDO
The National Youth Development Fund (NYDF) has approved N$14.9 million in financing for 46 youth-owned enterprises across Namibia through the Development Bank of Namibia (DBN).
The Ministry of Finance announced the approvals on Friday.
The latest approvals, covering the period 1 November 2025 to 30 January 2026, amount to N$8.6 million for 30 enterprises, marking the third project approval under the NYDF.
This follows an earlier approval of N$5.3 million for 16 enterprises announced at the official launch of the fund.
The finance ministry said DBN is finalising disbursements for several approved enterprises, while approximately 40 additional applications are currently under assessment, with further approvals and an update on disbursements expected by the end of February 2026.
“The NYDF remains committed to supporting viable youth-owned enterprises and strengthening their contribution to economic growth and employment creation,” said ministry of finance spokesperson Wilson Shikoto.
The NYDF funding window remains open, with project approvals made on a continuous basis as applications are assessed and meet funding requirements.
Eligible applicants may submit applications through the Offices of the Regional Governors or directly to participating Development Finance Institutions, namely the Development Bank of Namibia, Agribank and the Environmental Investment Fund.
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