Penalty Interest Waiver

Namibia's agricultural lender, Agribank, has launched its drought relief subsidy, as announced by Hon. Iipumbu Shiimi, Minister of Finance and Public Enterprises, in his February 2024 budget speech. Effective today, 10 July 2024, the relief will come in the form of installment relief and a penalty interest waiver for clients. According to the bank's spokesperson, Fillemon Nangonya the first intervention focuses on Agribank clients with farmland and livestock loan accounts, […]