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Namibia: Asoli demands answers on development bank’s N$579 million loan write-off – News

Namibia: Asoli demands answers on development bank’s N9 million loan write-off – News

Africa Links 24 with Martin Endjala
Published on 2026-01-22 13:25:05

The Association for Localised Interest (Asoli) wants Development Bank of Namibia (DBN) managers to explain what happened to the N$579 million in loans that have been written off.

The bank announced the loan write-off this week.

“It is disheartening and totally unacceptable that well-connected individuals with means are often freed from their obligations to repay loans when they default, while the majority of impoverished Namibians suffer since they are denied access to funds that…

Read the Full article on The Namibian

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