The Development Bank of Namibia (DBN) has once again honoured enterprises that have demonstrated excellence in innovation, sustainability, and contributed to Namibia’s socio-economic development.
DBN hosted the 2025 Good Business and Innovation Awards on 19 May, under the theme “Celebrating Innovation and Impact”.
The Good Business and Innovation Awards continue to serve as a platform to promote and celebrate the enterprises that are essential to Namibia’s national development. With this year’s theme, DBN reaffirmed its commitment to promoting innovation as a cornerstone of economic resilience and social impact.
Delivering the keynote address on behalf of Vice President Lucia Witbooi, Finance Minister Ericah Shafudah, underscored the government’s commitment to enterprise-led growth and industrial innovation.
She also acknowledged the DBN’s pivotal role in fostering inclusive economic empowerment and nurturing a culture of innovation.
“As we embark on a renewed journey of nation-building under the leadership of President Nandi-Ndaitwah, we are reminded that inclusive growth and innovation are not just aspirations, they are imperatives,” said Shafudah.
“The Development Bank of Namibia’s Good Business and Innovation Awards reflect this national vision by honouring enterprises that build sustainable industries, create lasting jobs, and drive transformative impact across communities,” she continued.
Also speaking at the awards ceremony, DBN Deputy Board Chairperson, Willy Mertens, reflected on the development bank’s two-decade journey in advancing Namibia’s development agenda.
“For two decades, the Development Bank of Namibia has been a steadfast partner in building a resilient and inclusive economy,” he said. “Today, we celebrate enterprises that mirror the Bank’s commitment to sustainable development, those that are not only creating jobs and enhancing productivity but also pioneering innovative solutions in sectors vital to Namibia’s future.”
Award Categories and Winners
The awards recognised outstanding achievements in three categories:
Good Business Awards – SME Category
- Winner: Blue Crane Safaris Namibia CC
- First Runner-up: Ongula Homestead Group
Good Business Awards – Large Enterprise Category
- Winner: OLC Arandis Solar Energy Corporation
- First Runner-up: Quanta Holdings (Pty) Ltd
Innovation Award Category
- Winner: Lizwise Investment – for its groundbreaking Mahangu Pasta innovation
- First Runner-up: Wapa-Nawa Recycling Centre
- Second Runner-up: AUDAX Coatings
DBN’s Acting Chief Executive Officer, John Mbango, congratulated all winners and finalists, saying the “awards honour the ingenuity, resilience, and determination of Namibian enterprises that are not only creating jobs and value, but also redefining what’s possible through innovation and enterprise development”.
Winners received cash prizes of N$150,000 (SME category), N$250,000 (Large Enterprise category), and N$400,000 (Innovation Award), underscoring DBN’s ongoing commitment to incentivising sustainable growth and entrepreneurial excellence.
