BBLNN holds DBN liable for collapse of black businesses

• By Hilary Mare

THE Black Business Leadership Network of Namibia (BBLNN) holds the Development Bank of Namibia (DBN) liable and directly responsible for the death and collapse of many black businesses, enterprises and thousands of job losses, the network’s chairperson, Eliphas Simon has said.

Simon was this week responding to DBN’s response to the BBLNN’s peaceful demonstration held on January 28 in Windhoek and February 4, in the northern town of Ongwediva in which the bank said that borrowed money should be paid back.

“The ongoing practice of executions, repossessions, liquidations of companies and auctions by the DBN, for a number of years, and employees within the bank with sinister and hidden agendas against individuals as well as those entrepreneurs who died at the hands of DBN, through stress and depression, may their souls rest in peace, the DBN must be answerable to,” Simon said.

Read the full story in this week’s edition.