FNB Namibia and Arch Resources Partner to Boost Financing for Construction SMEs

FNB Namibia has signed a Memorandum of Understanding (MoU) with Arch Resources to enhance access to tailored financial solutions for small and medium enterprises (SMEs) in the domestic construction and infrastructure sectors.

The MoU aims to address challenges SMEs face when accessing finance, including limited collateral, short financial track records, and cash flow constraints during project execution.

Arch Resources will provide technical support, project vetting, and monitoring, while FNB will offer structured financial solutions to eligible SMEs. The collaboration intends to create a coordinated SME project finance ecosystem, combining technical expertise and financial support to help businesses successfully execute projects.

Nesdha De Jongh, Head of Small and Medium Enterprise at FNB, stated that securing a project is only the beginning for many SMEs. The real challenge often lies in having the right financial support to deliver the project successfully.

De Jongh added that the partnership goes beyond providing access to finance. It focuses on understanding the project and the business to create solutions that help SMEs handle barriers to successful project delivery.

FNB noted that while access to finance is key, it alone does not guarantee successful project execution. SMEs require technical support, project oversight, and financial solutions throughout the project lifecycle.

By integrating these elements, the two organizations aim to support SMEs in strengthening their capacity to deliver projects, participate in larger value chains, and contribute to economic activity. Arch Resources operates as an SME support and project facilitation platform, offering services such as project management support, quantity surveying, procurement assistance, mentorship, and facilitation of funding and guarantees for SME contractors.