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Banks advised to be proactive in funding SMEs

Breadcrumb

Local banks have been called upon to play a proactive role in the development and funding of small and medium enterprises (SMEs).

President Nangolo Mbumba says another way is for the banks to involve more equity types of instruments and substantially lessen collateral requirements.

Official portrait of President Mbumba available

Breadcrumb

The official portrait of President Nangolo Mbumba is now available for display in public and private entities and will replace the late President Dr. Hage Geingob's.

President Mbumba disappointed at theft of drought relief food

Breadcrumb

President Nangolo Mbumba is disappointed over the theft of food meant for the drought relief programme.

The known incidences of theft of food items meant for drought relief were reported in Oshikoto, and suspects were arrested in May this year.