Agribank collects N.dollars 86 million in arrears

Contributed by NAMPA.

WINDHOEK, 06 OCT (NAMPA) – The Agricultural Bank of Namibia (Agribank) has collected N.dollars 86 million since February through its intensified arrears collection strategy and legal internal mechanism.
This translates to close to a sixth of the total amount of N.dollars 500 million owed to Agribank.
Chief Executive Officer (CEO) Sakaria Nghikembua told a media conference on Friday that N.dollars 56 million was collected through its intensified strategy while N.dollars 30 million was collected o ...