/Namibia’s bank grants loan relief to virus-ravaged tourism sector

Namibia’s bank grants loan relief to virus-ravaged tourism sector

Standard Bank Namibia announced Monday a capital and interest repayment holiday for up to 12 months to clients operating in the tourism sector, which has been hard hit by the COVID-19 outbreak.

Many Namibian businesses have experienced a slowdown in demand for their services due to the worldwide outbreak of the contagious illness, with the tourism and hospitality sector hardest hit as tourists stay home because of travel bans.

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