Agriculture (198)

The Agricultural Bank of Namibia (Agribank) says it has advanced loans worth N$1.1 billion to 2,700 clients in the Otjozondjupa Region.

Agriculture Minister Calle Schlettwein has challenged the Meat Corporation of Namibia (Meatco) and the Agro-Marketing and Trade Agency (AMTA) to ramp up production and unlock market access for small-scale farmers. 

 The Namibian government has put up three more green schemes on the market as it moves ahead to outsource some of the projects to the private sector. 

The Government says it will only announce in 2023 farmers and investors who would have been successful in their bids to run the green schemes across the country. 

Savanna Beef Processors Ltd plans to turn to institutional investors to raise a N$26.4 million shortfall from its capital raising effort, which was targeting N$200 million and an additional N$300 million in debt required to establish a new export beef-processing facility in the country.

Savanna Beef Processors says it raised only N$23 million from a targeted N$54 million from its second capital raise which closed last week Friday.

Namibia has lifted the suspension of live cattle exports to South Africa imposed last month after the neighboring country put a hold on all movement of livestock in the country except for slaughter to contain the spread of the foot and mouth disease (FMD).

Namibia's beef subsector marketed 7,374 cattle for slaughter in July 2022, a 33% decline from 11,072 cattle sold for the same purpose prior year, latest statistics shared by Agribank show. 

Königstein Capital, which has so far invested over N$100 million in Mashare Blueberry production, is planning to increase its investment to over N$1 billion in the next 10 years.

The Ministry of Agriculture, Water and Land Reform has imposed a country wide suspension of livestock imports, exports of fresh meat and raw animal products from Botswana. 

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