insert_link Business / Economics Agribank rolls out drought relief plan Namibia's agricultural lender, Agribank, has launched its drought relief subsidy, as announced by Hon. Iipumbu Shiimi, Minister of Finance and Public Enterprises, in his February 2024 budget speech. Effective today, 10 July 2024, the relief will come in the form of installment relief and a penalty interest waiver for clients. According to the bank's spokesperson, Fillemon Nangonya the first intervention focuses on Agribank clients with farmland and livestock loan accounts, […] todayJuly 10, 2024 34
insert_link Local Partnering for prosperity: Nedbank Namibia’s commitment to strengthening Namibia’s agriculture sector Namibia's agricultural sector is a cornerstone of its economy, yet it faces a myriad of challenges that threaten its sustainability and growth. Agriculture contributes over 8% to Namibia’s gross domestic product (GDP), with about 70% of the population dependent on it for income and food security. Additionally, agriculture is the largest employer in the country, accounting for over a fifth of the local workforce. Despite its economic significance, the […] todayJune 10, 2024 5
insert_link Namibia Climate Change Threatens Namibian Agriculture The agricultural sector is crucial for sustaining livelihoods but faces significant challenges due to climate change. Farmers frequently endure adverse rainfall seasons, resulting in floods, droughts, and pest and disease outbreaks. Droughts, occurring every other year with varying severity, have especially harmed crop and livestock farmers, reducing productivity and income due to poor yields, livestock performance, and market prices. Technical Advisor of Livestock and Rangeland from AgriBank, Erastus Ngaruka. todayJune 5, 2024 24
insert_link Business / Economics Agribank introduces credit life insurance product The Agricultural Bank of Namibia (Agribank) is pleased to announce the introduction of a Credit Life Insurance product, effective 1 June 2024. The Credit Life Insurance serves as a financial security and protection against unforeseen events, tailored exclusively for Agribank clients. The Agribank credit life insurance offers benefits beyond covering death and protecting a client’s estate. If a client becomes permanently or temporarily disabled, is diagnosed with […] todayMay 30, 2024 19
