23
Jan
Allexer Namundjebo Landless People’s Movement (LPM) youth leader Duminga Ndala says youth-owned businesses must continue to honour their loan obligations where possible. This comes as the Development Bank of Namibia (DBN) announced it had written off about N$579 million in non-performing loans during the 2024/25 financial year as part of a balance sheet clean-up. Responding to questions from the Windhoek Observer on Thursday, Ndala said the loan write-off reflects the severe economic pressures facing borrowers across the economy but does not justify a blanket approach to debt relief for young people. “Young people who owe the bank should continue to…
