Development Bank’s Hellen Amupolo will lead the investment department
Hellen Amupolo, previously acting director of the investment department of the Development Bank of Namibia (DBN), has been officially promoted to director.
Since joining the Bank in 2008, Amupolo has been instrumental in establishing the Ongwediva branch, playing a leading role in developing pioneering financing models for renewable energy and land provision and affordable housing through public-private partnerships (PPP).
Amupolo’s career trajectory at the Bank began as a business analyst.
As she progressed, she became North Regional Portfolio Manager and then Senior Portfolio Manager: Infrastructure and Public Services.
Just prior to her appointment as Chief, she held the position of Chief Investment Officer.
Prior to joining DBN, she served as Acting Chief Economist for the Department of Fisheries and Marine Resources as well as Market Analyst for South Africa Breweries.
Amupolo is a Chartered Development Finance Analyst, with a BA in Economics from the University of Namibia and an MSc in Development Finance from the University of Stellenbosch.
Additionally, Amupolo’s education includes exposure to several structured finance and investment banking interventions during his banking career.
Talking about the role of DBN’s investment department, Amupolo said it finances large companies, with an annual turnover of more than N$10 million and infrastructure.
Infrastructure, whether it concerns the production and distribution of energy, water, telecommunications and transport infrastructure, creates the necessary basis on which large companies and SMEs can anchor their economic activities.
The main focus areas of the investment department include transport and logistics, tourism and hospitality as well as manufacturing, areas identified in NDP5 as critical to the growth of the Namibian economy.
The department also funds initiatives that address structural needs of the economy, such as private solar power generation, and sociological issues such as the provision of serviced land and affordable housing.
Going forward, Amupolo said the Bank is consolidating financing for renewable energy and water infrastructure under its Climate Adaptation Facility. The Bank is also considering new funding programs, and announcements would be made if and when they become feasible.
In addition to her role as Head of DBN’s Investment Department, Hellen Amupolo is also Chair of Momentum Metropolitan Namibia’s Investment Committee; sits on the board of the Roads Authority, where she chairs the audit committee, and is a member of the Department of Finance’s Public-Private Partnership Committee and the Public Procurement Review Committee.