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AGRIBANK APPOINTS NEW CHIEF EXECUTIVE OFFICER
15 Oct 2021
The Board of the
Agricultural Bank of Namibia is pleased to announce the
appointment of Dr Raphael Karuaihe as the incoming Chief Executive Officer
(CEO) of Agribank, with effect from 10 January 2022.
Karuaihe is currently the Head of Commodities at the Johannesburg Stock
Exchange (JSE) in South Africa. He has been with the JSE since 2012, where he
oversees agricultural and non-agricultural commodities within the Capital
Markets Division. Prior
to that, Dr Karuaihe spent many years in the financial services industry where
he had advised institutional clients on retirement planning, investments and
risk management. He holds a doctorate in Agricultural Economics from Washington
State University, USA.
Board and staff look forward to welcoming Dr Karuaihe to our team that is
destined to take Agribank to greater heights.
Dr Raphael Karuaihe – Incoming
Vice Chairperson For enquiries, kindly contact the Marketing and Communication
Division Tel.: 061
061 2074206 Email: firstname.lastname@example.org
Farming is an endeavor that allows a person to be
involved in the growing of crops or keeping of domestic animals for the purpose
of producing food and raw materials. Over the course of time, farming has rapidly
evolved to incorporate technological and scientific advancements to make it a sustainable
undertaking that utilizes resources such as land and water efficiently. These
advancements have enabled the achievement of food security and significant
revenues in many developed economies.
However, aspiring farmers need to keep key considerations
in mind when deciding to become a farmer.
Before you embark on your farming venture there are critical
questions that one must be able to answer in order to make the farming journey
a success. The first and most important question is Why do you want to farm?
This question will easily help an aspiring farmer to have a purpose or
objective as to why he/she wants to farm.
This question has to be followed by asking What do
you want to produce? This question helps a farmer understand that from the
wide range of products available, he/she can focus on producing one or two with
determination. For example, if one wants to be a livestock or crop farmer, they
must decide to either focus on the production of cattle, sheep, goats, poultry,
pigs, or crops. If one opts to produce livestock (cattle, sheep, and goats),
aspiring farmers should identify their product of choice (breeding stock,
weaners, oxen, or steers) to produce from their cattle farming venture.
Aspiring crop farmers on the other hand may decide to focus on growing agronomy
crops such as maize, pearl millet, wheat, or sorghum for grain production or to
produce vegetables such as tomatoes, cabbages, potatoes, etc.
The third question is Whom are you producing for?
This question helps you identify your potential target market which will be the
immediate consumers of your product. Furthermore, this helps you to properly
plan your production to meet sufficient quantities demanded by your target
The fourth question is What are your expectations? This
question addresses the farmer ‘s envisaged output from the farming operations
in the form of revenue and profit. Farmers are also encouraged to keep records
that they can use to assess their progress, costs, and incomes. This will
enable any farmer to answer this critical last question, is farming a
business? Once you decide to embark on a farming journey, it should always
be noted that once money is invested, one should anticipate a return on
investment, and this makes farming a business.
Starting a farm is a complicated endeavor because it
encompasses a myriad of aspects. In no particular order, farmers must consider
business planning, finding land, securing financing, marketing, production
selection, production knowledge, securing equipment, developing or securing
infrastructure, and their vision for their farm. Moreover, an aspiring farmer
should be cognizant of their knowledge and experience levels. In the final
analysis, addressing these questions may ease the planning process and enable
farmers to set up sustainable and profitable farming businesses.
Agribank has launched a two-season
podcasting service that will
cover 8 episodes each. The podcasts will be hosted by Ms Ndeshihafela Shinedima
(aka Reina Nelao), the brand ambassador for the women and youth scheme that was
introduced late last year.
Podcasts are hosted on platforms that
offer ample amount of storage and the content (episodes) can be distributed to
various social media platforms. The Agribank podcast will be hosted on the
spotify and apple podcast platforms. The podcast started on Tuesday, 22 June
and will be hosted every second Tuesday for eight episodes. The first season
will cover topics such as range land management, farm maintenance, livestock
(Small & Large) production, horticulture production, financial literacy, women
and youth, agri-tech innovations, and agricultural marketing.
Agribank has now expanded its social
media platforms and can be found on LinkedIn, YouTube, Facebook and Instagram.
It’s Executive for Marketing and Customer Strategy noted that the Bank
continues to “optimise its digitilisation and online presence. I therefore urge
our stakeholders to follow us on these platforms and to make time to tune in to
listen to the podcast at your own convenience”.
Meanwhile, the Bank is encouraging its
clients and stakeholders to make use of online platforms to access its
services, in order to minimize the risk of Covid-19 exposure. In this regard, clients
are urged to make use of online payments, submit online applications, call
Agribank offices for consultations and general enquiries as well as use the
website and social media platforms for general enquiries.
Manager, Marketing and Communication For enquiries, kindly contact the Marketing and
Communication Division Tel. 061 207 4332 Emailinfo@agribank.com.na