02
Oct
…bank lends over N$250m annually as treasury support averages just N$99m Patience Makwele Agribank is facing a funding squeeze, with the agricultural lender advancing more than N$250 million in new loans each year while receiving an average of only about N$99 million annually from the national treasury. The figures, disclosed in parliament on Thursday, reveal a gap of approximately N$151 million between the bank’s annual lending activity and direct treasury support, forcing Agribank to rely heavily on other funding channels to keep its lending programme going. Agriculture, fisheries, water and land reform minister Inge Zaamwani revealed the figures while responding…
