30
Sep
Justicia Shipena Prime minister Elijah Ngurare says youth-owned businesses financed under the newly launched National Youth Development Fund (NYDF) will be given up to 12 months before repayment begins. The fund offers startups between N$60 000 and N$200 000 at 2% interest, growth-phase enterprises between N$200 000 and N$1 million at 3% interest, and expansion enterprises above N$1 million at 4% interest. “A grace period of up to 12 months will allow businesses to grow before repayment begins. There are no collateral requirements. Let this be clear. The criteria is that the youth fund must be clear and must be…
