BANK OF NAMIBIA GRANTS FMD-AFFECTED BORROWERS LOAN RELIEF

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The Bank of Namibia has directed banking institutions to grant borrowers affected by the ongoing foot-and-mouth disease (FMD) crisis to provide loan repayment moratoriums ranging from one to 24 months. 

PARLIAMENT PROBES LENDING PRACTICES

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The Parliamentary Standing Committee on Economy and Industry, Public Administration and Planning is probing whether the current lending practices are placing excessive pressure on workers and whether existing laws are sufficient to protect borrowers.