Africa Links 24 with Matthew Dlamini
Published on 2025-02-14 13:01:03
Namibia’s agricultural premier lender, Agribank, has advised farmers in arrears on loan repayments of the consequences of non-compliance.
In the financial year 2023/24, Agribank advanced a total of N$370 million to farmers, marking a 26% increase from the previous year.
However, a number of farmers have defaulted on repayments, which unconfirmed reports have estimated at about N$1 billion.
“The bank’s continued ability to fund and support agricultural enterprises is dependent…
Read the Full article on The Namibian
