Moneda Capital Management Limited has partnered with First National Bank (FNB) of Namibia and Ino Harith Capital to boost support for Small and Medium Enterprises (SMEs) in Namibia’s energy, oil, and gas sectors.
According to a statement shared with Saturday PUNCH, the trio signed a Memorandum of Understanding (MoU) focused on bridging financing gaps and unlocking growth for local businesses in the extractive industries. As part of the agreement, FNB Namibia committed over NAD 1 billion in funding.
Moneda will provide risk capital and operational support via its alternative credit platform, while Ino Harith will contribute financing expertise to help SMEs access funding without the need for traditional collateral.
Moneda CEO Ejike Egbuagu said the collaboration has the potential to transform SME financing in resource-rich markets like Namibia.
FNB’s Strategic Advisor, Chuka Okafor, described the initiative as a major step toward strengthening local content and economic growth.
