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Agribank to assist women and youth
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Agribank to assist women and youth

In its quest to assist women and youth in Agriculture, Agribank disbursed loans to the value of N$43 million towards women, while another N$38.7 million benefited the youth as clients under 40 years of age during the 2020/21 financial year. 

PDM calls for relaxation of capital requirements
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PDM calls for relaxation of capital requirements

Popular Democratic Movement (PDM) parliamentarian Nico Smit last week tabled a motion to establish a committee to investigate if the Bank of Namibia (BoN) is able to relax capital requirements for local financial institutions. In the same motion, Smit suggested the committee must investigate bridging finance for financial institution clients already in distress.

FirstRand breaks the billion dollar profit barrier
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FirstRand breaks the billion dollar profit barrier

For the financial year that ended on 30 June 2021, FirstRand Namibia Limited’s profit after tax increased to N$1.086 billion, up by 2.4%, while total deposits were N$36 billion, down from N$38 billion in the previous year. Also, total advances remained steady at N$30 billion.