Agribank's Arrears Relief Programme, launched in September 2025, began implementation and offers farmers with overdue loans a 100% write-off of penalty interest plus the option to repay remaining arrears over up to 60 months, subject to paying at least 20–25% of arrear balances upfront. The bank has also entered into a strategic alliance with the Agro-Marketing and Trade Agency to support small-scale farmers, expand market access, and promote value-added agricultural projects.
3 February 2026 · New Era →
Agribank's technical advisor Hanks Saisai outlines crucial errors for new farmers to avoid, including prioritising infrastructure over home construction, starting at small scale, targeting specific markets, hiring qualified personnel, and viewing farming as a long-term investment requiring patience and disciplined financial management rather than a quick-profit scheme.
3 February 2026 · New Era →
A senior accounting advisor has criticised the government's discontinuation of the Payroll Deduction Management System (PDMS) as of November 2025, calling the proposed "PDMS Helpdesk" replacement a step backwards that relies on manual processes rather than digital automation for managing civil servants' financial deductions. The Finance Ministry has stated the shutdown aims to address over-indebtedness among government employees and suggests the Enhanced Debit Order (EnDo) platform as an alternative, though financial institutions have already begun restricting salary-backed loans in response.
3 February 2026 · New Era →
The Development Bank of Namibia has approved approximately N$15 million through the National Youth Development Fund to support 46 youth-owned enterprises aged 18 to 45, with collateral-free financing ranging from N$60,000 to over N$1 million at interest rates of 2–4% per annum. The Fund, launched in September 2024, continues to accept applications on a rolling basis through regional governors and participating development finance institutions.
3 February 2026 · New Era →
The National Youth Development Fund has approved N$14.9 million in financing for 30 businesses and expects to create 147 jobs. The fund, launched in September 2025 with N$500 million allocated, offers collateral-free loans at 2% to 4% interest to young Namibians aged 18 to 45 to boost entrepreneurship and reduce youth unemployment.
3 February 2026 · The Namibian →