Windhoek:First National Bank (FNB) Namibia and DHL Namibia have announced a strategic partnership designed to bolster support for small and medium enterprises (SMEs) by improving their access to financing and international markets.

According to NAMPA, the memorandum of understanding (MoU) signed between the two companies aims to merge DHL Namibia's logistics capabilities and GoTrade programme with FNB Namibia's financial services, including financing solutions, financial literacy programmes, and business advisory services. This partnership is intended to foster the growth of local businesses and facilitate their participation in international trade.

FNB Namibia's Head of SME, Nesdha De Jongh, highlighted the significance of market access and financing as critical challenges for SMEs. De Jongh emphasized that addressing both these aspects is essential for the comprehensive support of SMEs, which are vital to the economy. The partnership will provide training, mentorship, and access to international markets through DHL's GoTrade programme, alongside tailored financial solutions and guidance from FNB.

DHL Namibia's Managing Director, Dirk S. van Doorn, expressed enthusiasm for the collaboration, noting that it will allow SMEs to benefit from FNB's extensive programmes. The collaboration is also expected to promote entrepreneurship, support job creation, and encourage sustainable business growth throughout Namibia.

FNB Namibia has clarified that any financing extended under this partnership will adhere to its credit assessment and governance protocols, ensuring that the support is delivered responsibly and effectively.