Bank of Namibia Orders Financial Relief for Drought-Stricken Farmers

The Bank of Namibia has directed local financial institutions to establish relief measures designed to support farmers and agricultural businesses facing severe financial difficulties caused by the ongoing drought. BoN’s Director of Strategic Communications and International Relations, Kazembire Zemburuka, explained that this move follows a state of emergency declaration in response to what is described as the worst drought Namibia has experienced in a century, according to The Brief.

October 29, 2024 11

Africa

Nigerian farmers lack insurance: payouts triggered by weather data offer a solution

By Ifedotun Aina, University of Cape Town and Opeyemi Ayinde, University of Ilorin Agriculture is hugely important to Nigeria. It makes up about a quarter of the country’s economy, and almost half of the population are smallholder farmers. Most farm on less than 10 hectares of land. It can be a tough way to make a living. Smallholder farmers in Nigeria regularly lose crops and livestock to floods […]

September 17, 2024 28

Local

Namibia dairies implement supplementary winter levy to support dairy farmers amidst challenging conditions

Recognizing the current trading environment and the considerable strain posed by the ongoing drought, Namibia Dairies remains committed to supporting their partners in the dairy industry to the best of their ability. Hence, Namibia Dairies has announced the implementation of a supplementary winter levy to support the dedicated dairy farming partners during the challenging winter season. Subject to all quality specifications being met, the winter levy of […]

July 12, 2024 11

Environment

Omusati region faces severe drought crisis

Omusati Governor Erginus Endjala says the region is hard hit by extreme drought and as a result crops, livestock, and water supply have been negatively impacted.

March 26, 2024 43