In the financial year ended 31 March 2020, Agribank extended funding worth over N$15 million to communal farmers without collateral, while over 8000 farmers countrywide benefited from training and mentorship interventions.
The bank disbursed N$246 million of loans in the financial year under review. Of this amount, more than N$21 million was paid exclusively to female clients, while N$52 million went to the youth (below 40 years of age).
The National Bank of Angola (BNA) on Sunday recommended all companies operating in the e-money business, without being qualified to do so, so as to be identified in the Payment System Department.
In a communiqué, the BNA, as regulator and supervisor of the financial system, says it has verified a growing number of applications with integrated e-money packages in the Angolan marked without being constituted as payment service providers.
All supervised financial institutions, save for one, have granted some kind of credit relief to their clients as a measure to mitigate the impact of Covid-19 on the economy.
Bank of Uganda's financial stability report for June has revealed that only one financial institution, which the report does not mention, has not granted any credit relief because it has not received any applications.
Daily Monitor had by press time not independently ascertained which financial institution it is.