Agribank needs N$500m annually to make impact

Minister of Finance, Calle Schlettwein, recently appointed a new Board of Directors for Agribank. The, board, whose term runs from 1 September to 31 August 2021, is led by Michael Iyambo (MI), with Dagmar Honsbein as Deputy Chairperson.

Agribank halts controversial farm auctions

Agribank has halted the planned sale of two farms in the Otjozondjupa Region, which was supposed to take place this Friday, 27 July after the owners settled their arrears with the agriculture lender, a person with knowledge of the auctions, has told the Windhoek Observer.

Agribank has announced the termination of its debt collection agreements with RedForce and the United Africa Group, effective 30 April.  Agribank has announced the termination of its debt collection agreements with RedForce and the United Africa Group, effective 30 April.  

Agribank has cut ties with RedForce, a debt collecting company awarded rights to collect part of the N$500 million owed by farmers.

Agribank accused of favouring fat cats

Agribank has come under fire from farmers who are accusing the State-owned agricultural lender of discrimination while treating ministers and other senior government officials with kid gloves in its effort to recover hundreds of millions in loans that have been outstanding for years.

Agribank to increase support to black farmers

The Agricultural Bank of Namibia (Agribank) in conjunction with the Ministry of Land Reform is in the process of reviewing the Post Settlement Support Fund, with an eye to increase financial support to resettled farmers.

Witvlei sues Agribank for N$60m

The Agricultural Bank of Namibia (Agribank) has been dragged to court again by Witvlei Meat, which is now suing the banking concern for N$59.6 million in damages according to court documents filed August 10, 2017.

Agribank recovers N$40m debt

The move by Agribank to rope in the services of debt collectors seems to be paying dividend after the agriculture lender recovered N$40 million of the N$500 million debt owed to it by farmers, in less than four months.

The Angry Bank

Happy 27th Independence Day to all Namibians! This is a good time for us to reflect on the effectiveness or otherwise of our policy decisions over the past almost three decades. Hindsight always offers 20/20 vision, and this should enable us to make crucial corrections, as we chart our struggle for true emancipation.

WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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