Home Africa Namibia: Agribank kickstarts N$104,6m drought relief initiative – News

Namibia: Agribank kickstarts N$104,6m drought relief initiative – News

Namibia: Agribank kickstarts N4,6m drought relief initiative – News

Africa Links 24 with Eino Vatileni
Published on 2024-07-10 10:23:42

The Agricultural Bank of Namibia (Agribank) has commenced with the N$104,6 million drought relief initiative for its clients.

This was announced by Agribank chief executive Raphael Karuaihe at a media briefing in Windhoek on Wednesday.

The relief, which will be paid in the form of an instalment, and for Agribank clients with farmland and livestock only, will benefit a total of 1 134 clients out of 2 634 farmers.

Karuaihe said the bank will waive the penalty interest of N$83 million…

Read the Full article on The Namibian

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