Finance minister

Staff writer Finance minister, Iipumbu Shiimi says AgriBank has extended up to N$1 billion in loans to farmers in various regions of the country over the past three years. “Equally commercial bank loans to agriculture over the past five years have averaged in excess of N$4 billion, indicating a healthy flow of funds to this sector. Drought relief disbursements amounting to N$245 million has also been provided by AgriBank over the past year,” he said in his reply on matters raised during the Second Reading of the 2020/21 Appropriation Bill in Parliament. He, however, warned AgriBank loan beneficiaries to repay…