Agribank disbursed N.dollars 304 million in new loans in 2017

Contributed by NAMPA.

WINDHOEK, 25 JUN (NAMPA) – The Agricultural Bank of Namibia (Agribank) disbursed N.dollars 304 million in new loans during the 2016/17 financial year, the bank’s latest annual report shows.
Of this amount, farmland purchases constituted N.dollars 103 million, livestock loans N.dollars 44 million and productive infrastructure improvements N.dollars 29 million.
The report, which was tabled by Finance Minister Calle Schlettwein in the National Assembly last week, further shows that resettled farm ...