The Development Bank of Namibia has announced that it will launch Covid-19 business relief loans on 18 January 2021, providing finance equivalent to 3 months up to a maximum of 6 months turnover for enterprises affected by Covid-19 with a maximum loan term of 60 months. A press release issued by the bank explains that these relief loans will be available to both existing DBN SME borrowers and to enterprises which are not yet clients of the Bank, as long as these enterprises have been in operation for at least 12 months, and meet the qualifying criteria which can be viewed at Industries such as tourism, hospitality, and transport and logistics that have experienced the largest loss of revenue due to lockdown-related effects will be prioritised, while the facility may also be used for diversifying into new business areas that help strengthening resilience of existing companies for future shocks.