US EditionNamibians drowning in debt as banks keep profiting – PDM’s Hengari calls for urgent action
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Namibians drowning in debt as banks keep profiting – PDM’s Hengari calls for urgent action
Recent reports indicate that nearly half of Namibians, especially civil servants, are drowning in debt as banks continue to profit. This is according to Popular Democratic Movement (PDM) member of parliament Inna Hengari, who says it is a serious issue requiring urgent attention. “Lending institutions like the infamous Letshego made a profit of N$199 million in just six months, as reported in 2024, which highlights the big gap between the financ…
·Windhoek, Namibia
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