BFS is a seasoned successful company in corporate advisory consulting services, development of SME enabling capacities and Fund Management.

In the public sector, we have consulted for entities such as Namibia’s Financial Sector Council represented by the Bank of Namibia (BON) and the Development Bank of Namibia (DBN), National Commission on Research Science and Technology (NCRST), the National Training Authority (NTA), Ministry of Industrialization Trade and SME Development, Ministry of Urban and Rural Development (MURD) – Local Economic Development Agency (LEDA), Ministry of Agriculture Water and Forestry/NAFOLA project and the Communication Regulatory Authority of Namibia (CRAN).Some of our private sector clients include Dundee Precious Metals Tsumeb, Bank Windhoek, NAKO Steel, and Helios Investment Partners. We have also consulted for Development institutions such as the Center for Enterprise Development (CDE EU-ACP), Deutsche Gesellschaft fur Internationale Zusammernarbeit GmBH (GIZ) and the Millennium Challenge Account.

In the SME sector, we have positioned ourselves as an all-round service provider, both in funding and enterprise development services (i.e. training, coaching and mentorship).

In the funding space, BFS manages funds through its wholly owned Fund Management subsidiary, BFS Fund Manager. The Fund Manager has been operational since 2010 and has grown to become one of Namibia’s largest and flourishing entities of its kind with an investment of N$ 1 billion in over 140 SMEs across Namibia.

BFS has conducted assessments, conceptualised and developed four market responsive funding products for SMEs in Namibia; namely, the Namibia Procurement Fund which has the largest assets under Management in the country for SME finance and the Namibia Procurement Fund II. For the Africa region, BFS has two funds in the market for capitalisation, i.e. the Africa Procurement Fund and BFS Eagles Nest Fund.

We also completed two similar assessments to determine the SME growth financing gap in Namibia through the Southern Africa Innovation Support programme and Namibia Business Innovation Institute, and recently developed a project document for the establishment of a national public sector sponsored Venture Capital Fund for the Bank of Namibia and the Development Bank of Namibia.

BFS Fund Manager, which is a subsidiary of BFS, has been operational since 2010 managing funds in the Namibian market and it is now expanding into the SADC region. The Fund Manager has grown to become one of Namibia’s largest and successful entities of its kind and to date has invested N$ 1 billion in 140 SMEs in Namibia.

BFS Fund Manager manages the following funds:

NamPro Fund is an investment fund that was established to support SME suppliers that require funding to execute contracts. With the Government Institutions Pension Fund (GIPF) as its founding investor, the Fund has about NAD 650 million under management.

Our primary focus is to provide required short-term working capital facilities to SMEs that have been awarded supply contracts by large, reputable organisations that are defined as large private companies, State Owned Enterprises (SOEs), local authorities, development institutions, regional councils, the central government and so forth.

For more information on this fund, visit the website www.namprofund.com.na.

The Africa Procurement Fund (APF) is designed to provide short term bridging finance in the form of debt to SMEs who have secured supply contracts with reputable large corporates, parastatals, local authorities and government departments to supply goods, services or value adding services. The Fund is to be capitalised at USD 160 million (N$ 2 billion). More Info


BFS Eagles Nest Fund
 is a SADC growth capital response to the lack of financial instruments that support the more established, yet vulnerable SMEs in the region. The Fund targets high growth and start-up companies whose present scalability can be turned into market leaders through regional and global value chain participation. Investments will be in the form of equity and/ or quasi equity and the Fund will be capitalised at USD 160 million (N$ 2 billion). More Info