28
Apr
Obrein Simasiku The Agricultural Bank of Namibia (AgriBank) and the Namibia Agronomic Board (NAB) inked a Memorandum of Understanding (MoU) on risk assessment of loan applicants, who want to venture into agricultural production, value addition and storage of agronomic and horticultural products. Under the same terms, the institutions will evaluate the need for new loan products across the agronomic and horticultural value chain. The MoU runs for five years with an option of renewal, and will also extend to interventions aimed at developing the agronomic and horticultural industry in Namibia. "The two institutions will also share information relevant to the…