Thesis (MDF (Development Finance))--University of Stellenbosch, 2009. / ENGLISH ABSTRACT: The main aim of this study, firstly, is to evaluate the financial performance of the Development Bank of Namibia (DBN) over the period of 2003 to 2007. Secondly, the
study aims to compare financial performance of the Development Bank of Namibia with the
Development Bank of Southern Africa during the same period.
In recent years, there has been a number of criticisms raised against the Development
Bank of Namibia. These have been noted by the political appointment of the top
management in the bank who has no experience in monitoring of the funds and development projects (World Bank, 2003). In addition, the bank has been criticized for poor performance, in terms of very low returns due to poor procurement performance and weak performance of project management units (African Development Bank, 2005).
The bank has also been seen undermining people's human rights through funded projects which were only given to those people who are politically connected or comrades (The Namibian, 2002).
Two financial statements of the Development Bank of Namibia, namely the Income
Statement and Balance Sheet of the period of 2003 to 2007, are used to evaluate the
financial performance of the bank. Trend analysis, monitoring and evaluation reports,
financial ratios and statistical tools are employed to conduct this study. Trend analysis,
financial ratios and statistical tools indicated that there was no evidence to infer that the
Development Bank of Namibia did perform poorly during 2003 to 2007. However,
monitoring and evaluation reports indicated that there was inefficiency in terms of bank
operations.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/893 |
| Date | 03 1900 |
| Creators | Sheehama, Gerhardt K. H. |
| Contributors | Adjasi, C. K. D., University of Stellenbosch. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : University of Stellenbosch |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Rights | University of Stellenbosch |
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