Financein Southern AfricaNamibia

Central Bank Extends Covid-19 Relief Programme

WINDHOEK (The Southern African Times) – The Bank of Namibia has decided to keep the Covid-19 relief measures introduced last year, such as loan repayment breaks, until 2023 to allow economic stability and the possibility of a gradual return to growth.

Not only is the central bank keeping some of the relief measures, but new policies, such as a directive not to blacklist loan holders who are given repayment periods, were also introduced.

According to the bank’s spokesperson, Kazembire Zemburuka, the extension and introduction of the new polices are aimed at supporting households, small and medium enterprises, and corporates as the country has not exited the Covid-19 pandemic yet.

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