NCCI

Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) has raised concern over relief measures offered by commercial banks. NCCI Chief Executive Officer Charity Mwiya speaking during a meeting with the Bank of Namibia (BON) Deputy Governor Ebson Uanguta, accused banks not delivering on promises made to assist businesses negatively affected by the effects of COVID-19. “For example banks are swift in offering debt servicing holidays, but that such offers preclude interest reduction. To add salt to injury by adding administrative charges, treating a payment holiday as a new loan or credit facility, in doing so expecting borrowers to…