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 Timing of implemention of Bidvest Group Offer

Shareholders of Bidvest Namibia are referred to the circular to Bidvest Namibia Shareholders containing details of a conditional take-over by the Bidvest Group to Bidvest Namibia Shareholders, to acquire all remaining Bidvest shares not owned by the Bidvest Group by way of a take-over scheme (‘offer’). Subsequent to the acceptance of the Delisting Resolution by the requisite majority, the offer has been declared unconditional by the Bidvest Group  and has become effective, irrevocable an open for acceptance during the Acceptance Period.

Sens Results of General Meeting: Declaration of withdrawl

Further to the cautionary announcement released on the Stock Exchange News Service (“NENS”) of the Namibian Stock Exchange (“NSX”) on 12 December 2018, the subsequent renewal of the Cautionary Announcement released on NENS on 23 January 2019 and 1 March 2019 and the announcements released on NENS on 11 April 2019 and 25 April 2019.  Shareholders are hereby advised that the requisite majority of Bidvest Namibia shareholders eligible to vote, have approved the delisting. In terms of this passed resolution, the listing of all the Bidvest Namibia Shares of
Bidvest Namibia on the Main Board of the NSX be suspended and terminated with effect from 11 June 2019 or at such times and such dates as will be approved in accordance with the Bank of Namibia and by the NSX

Sens E&Y – Fair and Reasonable Opinion Supplementary Information

Further to the cautionary announcement released on the Stock Exchange News Service of the Namibian Stock Exchange on 25 April 2019 relating to the circular to shareholders, supplementary information relating to the sum of the parts valuation, culminating in the fair and reasonable valuation range of N$8.95 to N$9.45 as per the E&Y Fair and Reasonable opinion included in the circular, is available on the this website.

Sens Circular Notice to Shareholders

Further to the cautionary announcement released on the Stock Exchange News Service of the Namibian Stock Exchange on 12 December 2018, the subsequent renewal of the Cautionary Announcement released on NENS on 23 January 2019 and 1 March 2019 and the announcement released on NENS on 11 April 2019. A combined circular has been issued today by Bidvest Namibia Limited and the Bidvest Group to a conditional Take-over offer in terms of sections 320 – 327 of the Companies Act….





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