Firms to boost energy sector.
In a bid to strengthen Namibia’s local content in the energy, oil, and gas sectors, Moneda Capital Management Limited has partnered with First National Bank of Namibia and Ino Harith Capital to support Small and Medium Enterprises critical to the country’s resource-driven economy.
A statement made available on Saturday, disclosed that the three parties signed a Memorandum of Understanding aimed at bridging financing gaps and unlocking growth potential for SMEs operating in the extractive industries.
According to the statement, under the agreement, FNB Namibia has committed to providing over NAD 1bn to support local players in the energy, oil, gas, and broader extractive sectors.
Moneda, through its alternative credit solutions platform, will provide risk capital and operational support to qualifying SMEs.
The firm’s partnership with Ino Harith Capital brings industry expertise and financing innovation to Namibia, creating new pathways for local businesses to thrive without relying on traditional collateral requirements.
Source: Punchng