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.
Dr. Mbumba's appeal was highlighted during an engagement with the banking executives in Windhoek today.
The president's engagement sought to also exchange ideas on the concerns around services and the financial exclusion of some industries previously deemed unbankable.