Windhoek:Agribank has announced the implementation of customized repayment relief and support measures for clients adversely affected by the recent Foot and Mouth Disease (FMD) outbreak. The agricultural lender, which primarily finances livestock and farmland purchases, acknowledged the extensive repercussions of the outbreak and subsequent restrictions on the livestock industry, livelihoods, and the broader economy.

According to Namibia Press Agency , this information was confirmed by Agribank Chief Executive Officer (CEO), Dr. Robert Eiman, in response to an inquiry about the bank's performance amid current economic challenges and its repayment strategies for clients impacted by FMD. Eiman highlighted the bank's rejection of a 'one-size-fits-all' solution, acknowledging the varied impact of disease-control measures on different livestock operations and agribusinesses.

Eiman emphasized that the extent of the impact varies among farming and agribusiness operations. Therefore, support will be personalized, with each request evaluated individually based on the client's unique circumstances. The bank's initiative follows the announcement on 23 September by Dr. Charles Mubita, the then Acting Minister of Agriculture, Fisheries, Water and Land Reform, regarding an FMD outbreak on a commercial farm in the ||Kharas Region.

In response to the outbreak, the Directorate of Veterinary Services implemented strict controls on the movement and marketing of cloven-hoofed animals to safeguard the national livestock sector. Eiman encouraged affected clients to promptly reach out to their nearest branch to explore practical, personalized solutions aimed at ensuring long-term agribusiness sustainability.

He urged clients to engage with the bank early and openly to develop practical solutions that support them during this difficult period, with the goal of protecting the agriculture sector and ensuring the bank's continued sustainability.