In a bold move to localize benefits from Namibia’s burgeoning oil and gas sector, First National Bank of Namibia (FNB) has signed a strategic agreement with Moneda Capital Management Limited and Ino Capital Investment Limited to channel financial support directly to small and medium enterprises (SMEs) ready to seize emerging opportunities.

The landmark partnership, announced Wednesday, is expected to unlock new financing avenues and stimulate local job creation by placing Namibian entrepreneurs at the forefront of the country’s energy future.

“What we are seeing is SMEs and entrepreneurs positioning themselves to tap into the sequence of the emerging sector,” said Chuka Okafor, FNB’s Commercial Finance and Strategic Advisor.

Okafor noted that SMEs are no longer bystanders but active players preparing to contribute meaningfully to the industry. “Our job is to make sure this money finds its way into the pockets of Namibians,” he added.

Moneda Capital CEO Ejike Egbuagu emphasized the importance of ensuring foreign investments benefit Namibians at every level. 

The partnership signifies a strategic alignment between finance, investment, and entrepreneurship paving the way for inclusive participation as Namibia positions itself as a key player in Africa’s energy market.