The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
+264814612969
March 22, 2023
Agriculture (121)
Livestock trading increased significantly in the first half of 2022 led by cattle marketing which increased by 20.3%.
The Government has been urged to create an enabling environment, policies and programs that will attract more youth to venture into agriculture.
Agribank and the Namibia Biomass Industry Group (N-BiG) have signed a 5-year Memorandum of Understanding to cooperate in the development and amendment of financing products aimed at scaling-up projects in bush control and biomass utilization, as well as the sharing of data required to develop loan products that are responsive to market needs.
The Environmental Investment Fund of Namibia (EIF) has funded two projects to the tune of US$9,5 million while the government has contributed US$500 000 to the initiative.
Agriculture minister Calle Schlettwein has warned that the continued rise in fuel prices will have a negative impact on the country’s agricultural sector and will push food prices beyond the reach of many.
Livestock health has a direct link to performance because some diseases or health conditions result in huge economic losses.
Namibia is investigating the possibility of issuing licences for the commercial cultivation of cannabis for medicinal use, The Brief can reveal.
Namibian beef producers have pooled resources and raised N$146 million towards the establishment of a new export beef processing facility in the country.
Meatco’s first consignment of Namibian beef from the Northern Communal Areas (NCA) has arrived at Tema port in Accra- Ghana.
Meat Corporation of Namibia (Meatco) is scouting for new beef markets to address price disparity concerns raised by farmers from the Northern Communal Areas (NCA).
More...
Cattle slaughtering increased marginally by 3.4% y/y in May 2022, while that of sheep dropped 12.0%, goats down 90.7% and pigs rose 12.8%. Live cattle exports increased by 35.9% y/y while sheep rose 47.5% y/y although goats dropped 9.8% y/y in May 2022.
The European Union (EU) has officially handed over Information Technology (IT) Equipment valued at N$4.5 million to the Ministry of Agriculture, Water and Land Reform.
The beef subsector marketed 72,968 cattle from January 2022 to April 2022, a 19% increase from 61,433 marketed in the same period last year.
Although the Development Bank of Namibia (DBN) does not provide finance for direct agricultural investment as this is the mandate of Agribank, it can provide finance for agricultural enterprises.