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
www.namprofund.com.na



Notice Board

Sens Dividend declaration

Notice is hereby given that a final cash dividend of 10 cents per share has been awarded to members recorded in the register of the Company at the close of business on Friday, 5 October 2018.
Shareholders are advised that the last day to trade “cum” the distribution will be Friday, 28 September 2018. The shares will trade “ex” the distribution as from Monday, 1 October 2018 and the record date will be Friday, 5 October 2018. Payment will be made on Friday, 19 October 2018.

Sens Cautionary

Further to earlier announcments, shareholders are advised to exercuise caution when dealing in the Bidvest Namibia securities until finalisation announcement is made.

Sens Trading Update

Bidvest Namibia anticipates basic earnings per share (EPS) to be down between 177% and 182% and headline earnings (HEPS) for the year ended June 2018 to be down between 80% and 85% on the previous corresponding period. The decrease results from capital losses. profit on sale of assets and costs related to the disposal of Bidfish.

Sens Acquisition of the remaining shareholding in Namsov and UFE properties

Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, shareholders are advised that Bidvest Namibia, through its wholly owned subsidiary Bidvest Namibia Property Holdings (Proprietary) Ltd (“Bidvest Namibia Property”) has acquired the remaining issued share capital of Namsov Industrial Properties (Proprietary) Ltd (“NIP) and United Fishing Enterprises (Proprietary) Ltd (“UFE”), as at the effective date, subject to the terms and conditions as set out herein (“the transaction”).

More information in the attached PDF.





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