30
Oct
Justicia Shipena The Agricultural Bank of Namibia (Agribank) has filed a lawsuit against Christine Hoebes, special advisor to the president, for failing to repay two livestock loans dating back to 2015. Court documents show that Hoebes entered into two loan agreements with AgriBank on 3 March 2015. The first loan of N$193 000 was for the purchase of 26 cows and one bull. It carried an annual interest rate of 4% over a 10-year repayment period. The second loan of N$7 000 was meant for a goat ram and a sheep ram, repayable over eight years at the same interest…
