MoU with N-BiG

Obrein Simasiku The Agricultural Bank (AgriBank) and Namibia Biomass Industry Group have sealed an agreement to work on the development and amendment of financing products aimed at scaling-up projects in bush control and biomass utilization, as well as the sharing of data required to develop loan products that are responsive to market needs. In addition, the Biomass Group will provide expertise through the Advisory Service component, more especially on risk assessment of bush control and biomass utilisation loans, in line with the Bank’s policies and regulations. These were outlined during the signing of a five-year Memorandum of Understanding today, where…