The De-bushing Advisory Service (DAS) signed a Memorandum of Understand (MoU) with the Development Bank of Namibia to collaborate and engage in the areas of product development, loan risk assessment and information exchange on bush control and biomass utilisation through various value chains.
The MoU was initiated by the De-bushing Advisory Service as part of their mandate to cooperate with stakeholders to optimise on providing advisory services focussed exclusively on bush control and bush biomass utilisation as such the two parties will cooperate in areas of mutual interests on financial products and environmental advice. The collaborations are in areas such as the development of financial products for bush control projects, risk assessment of de-bushing and bush-based value addition loans, outreach and information sharing of products.
During the brief signing formality, Mr. John Mbango, the DBN CEO highly stressed on creating a platform to put the MoU in operation. Further adding on that, he sees potential to bring on board other financial institutions such as the SME bank and Agribank.
The De-bushing Advisory Service was launched in 2015 to address the knowledge needs on bush control, strengthen existing advisory services, and provide advice and support to land users negatively affected by bush encroachment. It was initiated as part of the Support to De-bushing Project, a bilateral cooperation between the Namibian Ministry of Agriculture, Water and Forestry (MAWF) and the German Government, implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).