A Development Bank of Namibia Covid-19 Business Relief Loan has helped to preserve approximately 950 jobs by providing finance of N$53 million to pay salaries of employees of the well-known tourism and hospitality operation, The Gondwana Collection. Speaking at the occasion, DBN Executive for Marketing and Corporate Communication, Jerome Mutumba, said that the Namibian economy must be rebalanced to shed reliance on a few highly productive sectors. In this regard he said that although tourism and hospitality must be preserved, manufacturing and transport and logistics must be further developed [as] not only will this make Namibia more economically self-sufficient, but it will also improve the attractiveness of Brand Namibia for foreign direct investment in future.
