• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Sunday, July 27, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
19 °c
Sterling
24 ° Tue
24 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • E-Editions
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • E-Editions
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Agriculture

Meatco recovery strategy at advanced stage

by editor
October 22, 2023
in Agriculture
45
A A
58
SHARES
961
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

Welding, agribusiness and manufacturing hold strong job creation potential

Namibia targets 130,000ha farms, N$2.8bn in crop exports

Green Schemes harvest 10,000t of maize with three new sites in pipeline

The finance ministry has expressed its continued support for the Meat Corporation of Namibia (Meatco),  saying the development of its operational turnaround strategy is at an advanced stage.

The interim Meatco board is expected to finalise the strategy before the end of the year.

This comes at a time when the corporation has allegedly been failing to pay 245 commercial livestock farmers N$320 million for cattle delivered to its abattoir.

“Resolving the afore is on top of the priority list of the Government and the interim board. The Government and the interim board of Meatco value the crucial role that producers play in sustaining Meatco’s operations and the whole beef value chain,” said the Ministry of Finance and Public Enterprises.

The ministry added that Meatco’s interim board has had engagements with the Farmers Union and all relevant stakeholders to resolve the issue and to ensure that all producers are paid money due to them.

 “The government acknowledges the importance of Meatco’s stability and its significant contribution to the domestic economy. The ministry is, therefore, committed to supporting Meatco in overcoming its financial difficulties and ensuring that all outstanding amounts to cattle producers are settled in due course,” the ministry said.

To date, Meatco has slaughtered 53,820 head of cattle, with its liabilities exceeding its assets by N$133,2 million.

“The government would like to assure cattle producers of its unwavering commitment to their wellbeing and the pivotal role they play in our nation’s prosperity. Government is dedicated to ensuring that Meatco meets its obligations to its creditors,” the ministry said.

The finance ministry appointed a temporary board to steer the corporation for six months, effective from 1 September 2023.

This came after the workers petitioned that the previous board be dissolved amid accusations of maleficence, nepotism and alleged disregard for employees’ welfare.

author avatar
editor
See Full Bio
Tags: CompaniesLatest
Share23Tweet15Share4
Previous Post

Geingob heads to Brussels for EU Business Forums

Next Post

Five oil drilling projects planned for Namibia in 2024

Recommended For You

Welding, agribusiness and manufacturing hold strong job creation potential

by reporter
July 25, 2025
0
Welding, agribusiness and manufacturing hold strong job creation potential

Sectors such as welding, agribusiness and small-scale manufacturing hold significant potential for job creation and economic recovery in Namibia, Economist and Cirrus Capital co-founder Rowland Brown has said....

Read moreDetails

Namibia targets 130,000ha farms, N$2.8bn in crop exports

by reporter
July 22, 2025
0
Namibia targets 130,000ha farms, N$2.8bn in crop exports

Namibia plans to expand large-scale farming land from 11,200 hectares in 2024 to 130,000 hectares by 2030, according to the Sixth National Development Plan (NDP6). The government also...

Read moreDetails

Green Schemes harvest 10,000t of maize with three new sites in pipeline

by reporter
July 22, 2025
0
B2Gold forecasts 2,000-tonne maize harvest at Otjikoto

Namibia’s nine state-run Green Schemes have produced nearly 10,000 tonnes of maize by mid-June this year, with harvesting still ongoing, according to President Netumbo Nandi-Ndaitwah. Presenting her 100-day...

Read moreDetails

NAB calls for boost in local rice production amid soaring imports

by reporter
July 21, 2025
0
NAB calls for boost in local rice production amid soaring imports

The Namibian Agronomic Board (NAB) has raised concern over the country’s growing reliance on imported rice, warning that the current situation threatens national food security and demands urgent...

Read moreDetails

IMF calls for stronger investment in agriculture to combat climate shocks in Namibia

by reporter
July 17, 2025
0
IMF calls for stronger investment in agriculture to combat climate shocks in Namibia

The International Monetary Fund (IMF) has called on Namibia to significantly expand investment in agriculture resilience, warning that worsening drought conditions pose a severe threat to food security,...

Read moreDetails
Next Post
Five oil drilling projects planned for Namibia in 2024

Five oil drilling projects planned for Namibia in 2024

Related News

Passengers with disabilities face outdated airport infrastructure challenges

Passengers with disabilities face outdated airport infrastructure challenges

July 23, 2023
Namibia, SA not in hydrogen energy production competition

Namibia, SA not in hydrogen energy production competition

July 21, 2023
Low voter registration – apathy due to a lack of data?

Low voter registration – apathy due to a lack of data?

July 23, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.