Peter Amadhila

NALOBA lauds DBN’s interest-free recovery loans

NALOBA lauds DBN’s interest-free recovery loans

Martin Endjala The Namibia Local Business Association (NALOBA) Vice President, Peter Amadhila commended the Development Bank of Namibia (DBN) and the German Development Bank’s (KfW) initiative to introduce a 12-months free interest loan for businesses in the county. “As an association of native businessmen and women in Namibia, NALOBA would like to applaud the greatest initiatives taken by the Development Bank of Namibia and KfW to give recovery loans six percent interest-free on the first 12 months”, Amadhila said during an interview with the Windhoek Observer. He says this demonstrates the bank’s trust in the Namibian business community and a…
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