Business / Economics

FNB Namibia Offers Drought Relief Loans to Farmers

today5 December, 2024

Background

FNB Namibia is stepping up to assist farmers affected by the ongoing drought in the country. In line with the Bank of Namibia’s recent policy changes, FNB is offering loan moratoriums, restructuring, and emergency funding under preferential terms to qualifying agricultural clients. These measures aim to provide financial relief to farmers until October 2026. CEO Sepo Haihambo emphasized that the bank is committed to supporting Namibia’s agricultural sector, which is vital for food security.

Written by: Leonard Witbeen