Sakaria Nghikembua

09 Jul

Meatco board fails to appoint CEO as acting term expires

info_e12wt4csNational NewsIngwe Zaamwani, Mwilima Mushokabanji, Sakaria Nghikembua, Stefanie de Klerk

Hertta Maria Amutenja The Meat Corporation of Namibia (Meatco) is heading into August without a substantive chief executive officer. Acting CEO Patrick Liebenberg confirmed to Windhoek Observer that his six-month term will end this month. “I only will serve my six months, which will end at the end of July. Not been extended; I didn’t ask for an extension. The recruitment process is handled by the board because management doesn’t have any input into the recruitment process,” Liebenberg said on Wednesday. Liebenberg was appointed in February after the board decided not to renew the contract of former CEO Mwilima Mushokabanji. …

Agribank disburse over N$246 million worth of loans

info_e12wt4csUncategorisedAgribank, Sakaria Nghikembua

Staff Writer Agribank disbursed N$246 million of loans in the financial year ended 31 March 2020 and of this amount, more than N$21 million was paid exclusively to female clients, while N$52 million went to the youth (below 40 years of age). According to the bank’s latest financials, Agribank also extended funding worth over N$15 million to communal farmers without collateral, while over 8-thousand farmers countrywide benefitted from training and mentorship interventions during the same period. “The Bank continues to deliver credible financial performance as its loan book grew by 11 percent to N$3.01 million in 2020 from N$2.8 million…