Enterprise Development Fund

Are you an SME that has been awarded a contract by a large organisation, such as a government ministry, a state-owned enterprise, or from a large private sector entity, and you need credit facilities to complete your work? Will you be buying from one of the below Bidvest Namibia entities?

Bidvest Namibia Entities forming part of this iniative include:

  • Voltex Namibia
  • Konica Minolta
  • Cecil Nurse Namibia
  • Bidvest Namibia Steiner
  • Kolok Namibia
  • Waltons Namibia

If you can answer yes to these two questions, then you may qualify to access the Bidvest Namibia Enterprise Development Fund (the Fund). The Fund is administered and managed by Namprofund.

Namibian SMEs can now use this opportunity to take their business to new heights. SMEs can choose from the following products:


Working Capital Finance
This option is perfect for SME’s that have been awarded value add contracts, which include construction or maintenance contracts.

  • You can use the funding to cover input costs such as purchase of raw materials from any of the participating Bidvest Namibia entities.
  • Funding will be provided in stages and depending on proceeding stage being completed and invoiced for. Facility can be structured on a revolving basis.
  • A maximum of 75% of the awarded contract value can be funded


Purchase Order Finance
This option is perfect for SMEs that have been awarded contracts to supply goods to Government, state-owned enterprises or large private sector entities.

  • You can use funding to finance the purchase of goods from any of the participating Bidvest Namibia entities.
  • Facility will not exceed 120 days.
  • A maximum of 75% of the supply contract/order can be funded


Operating Finance Lease
This option is perfect for SMEs awarded large contracts that requires that they acquire plant and machinery to execute the contract over an extended period of >18 months.

  • You can use funding to purchase assets.
  • Ownership remains with the fund and SME has lease rights at monthly rental charges.
  • Maintenance and risk are for the Fund’s account.
  • Period of lease is less than economic life of asset.
  • Asset can be leased out to another SME after expiry of initial lease of contract.


Where do I apply?
Download the brochure and application form here:
Bidvest Brochure Application Form

Find application forms at:
Business Financial Solutions (BFS) Offices/ Namprofund
Ground Floor, 7 Newton Street, Windhoek, Namibia
PO Box 5064, Ausspannplatz, Namibia
T: +264 61 388 600 F: +264 61 239 772
E: info@bfs.com.na

Notice Board

Sens Bidvest Group take-over offer

Shareholders of Bidvest Namibia are informed that Bidvest Namibia has received a intended binding offer from Bidvest Group, the majority shareholder of Bidvest Namibia, in terms of which Bidvest Group intends to make an offer to acquire all of the outstanding ordinary shares in Bidvest Namibia not currently held by Bidvest Group, by way of a take-over scheme. The amount offered in terms of the Intended Conditional Offer is a cash only consideration of N$10.50 per Offer Share, subject to the successful passing of the De-listing Resolution as set out in paragraph 2 below.

Sens Impact of Sale of Bidfish on EPS

Investors are referred to the NENS announcement released on August 31, 2018 relating to the finalization announcement of the sale by Bidvest Namibia of the entire issued capital of Bidvest Fisheries Holdings to Tuncar Fisheries. The results of Bidfish have been presented as discontinued.

Sens Sens Cautionary

Further to the cautionary announcement dated December 12, 2018, shareholders are advised that the Company has entered into discussions, which if successfully concluded, may have a
material effect on the price of the Company´s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in Bidvest Namibia´s securities until a final announcement is made.

Sens Acquisition of entire Ovanhu and Endeni shares

Bidvest Namibia hereby announces the unwinding of the Ovanhu and Endeni empowerment shareholding structures. Agreements were reached between Bidvest Group Limited (“Bidvest Group”), the majority shareholder in Bidvest Namibia, and the shareholders of Ovanhu and Endeni. In terms of these agreements Bidvest Group will acquire the entire share capital and all claims in Ovanhu and Endeni. Read the full details in the attached PDF.


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