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In line with its strategic focus on employees, Agribank recently saw the first group of its middle managers complete a six months’ leadership training course. A total of 14 middle managers participated in the course which covered aspects such as leading self, leading change, leading others, leading performance and leading engagement. The theoretical training aspects were complimented by actual work application in-between the theoretical modules. The training is part of the Bank’s strategic people transformation agenda that is expected to result in a modern institution that is best placed to deliver superior customer service and effectively fulfil its mandate. Facilitated by the Organisational Development division of the Bank, the course was delivered in-house through the services of specialist training consultancy Capacity Trust.

Speaking at the certification ceremony, Agribank Chief Executive Officer, Sakaria Nghikembua, stated that “the Bank is committed to develop leadership and management capacity as well as create a pipeline of leadership competencies to guarantee business continuity at all times. This program had a tremendous impact on the business from the word go as it was a very practical process and demanded of participants to already apply their newly acquired knowledge and skills in the work environment”.

According to Nghikembua, the bank has implemented a well-managed performance management system that is focused on creating a culture of performance and service delivery in the bank’s quest to serve as a catalyst for the transformation of the agricultural sector in Namibia. It is for this reason that the next phase of training would focus on leadership development for Senior and Executive Managers within the organisation.

Issued by:
Sakaria Nghikembua
Chief Executive Officer

For enquiries, kindly contact the Marketing and Communications Division at:
Tel.: 061 2074332/Fax.: 061 2074206


Following a petition by a group of farmers who are in arrears with their loans, the governance structures of agricultural lender, Agribank, have reviewed the petition and have responded to the demands made by the ‘concerned’ farmers as per attached and signed response. Commenting on the bank’s response to the petitioners, Agribank chief executive officer, Sakaria Nghikembua, stated that “it is important to ensure that the bank is managed prudently for its sustainability. This is a cardinal principle from which we cannot detract. The only way this bank can be there for the future is by ensuring it is able to collect loans disbursed and do everything necessary to attain that outcome. We continue to invite clients in arrears to approach the bank for discussions related to their repayment arrangements. As far as practically possible, we would reach such agreements”.

See Attached and Signed Response

Issued by:
Sakaria Nghikembua
Chief Executive Officer

For enquiries, kindly contact the Marketing and Communications Division at:
Tel.: 061 2074332/Fax.: 061 2074206


Agribank has awarded full bursaries to three first-year students studying at the University of Namibia as part of its corporate social responsibility initiative. The bursaries cover tuition fees, academic books, accommodation, meals and academic expenses like examination fees.

Speaking at the award ceremony, Agribank chief executive officer, Sakaria Nghikembua, stated that Agribank’s vision is to serve as a catalyst in transforming the agricultural sector. “Transformation is effected by the Bank in many forms, primarily through agricultural loan financing, but also through capacity building – in this case funding tertiary studies”, Nghikembua noted.

According to him, “the ultimate aim is to produce graduates who can innovate and transform the agricultural sector, and to shape the perceptions of the upcoming generation to see agriculture as a critical pillar of the economy.” Nghikembua urged the beneficiaries, who are pursuing undergraduate studies in crop science, fisheries and aquatic science as well as veterinary medicine, to study hard and be good brand ambassadors of Agribank.

Whilst beneficiaries are not obliged to work for Agribank after graduation, they are expected to work in Namibia for a number of years equal to their bursary years.

At the occasion, Nghikembua further revealed that the Bank has spent over N$1 million on corporate social responsibility initiatives in the financial year ended 31 March 2018, which include supporting agricultural shows, agricultural related training activities, farmers’ information days, farmers’ unions and financial literacy, amongst others.

Issued by:
Sakaria Nghikembua
Chief Executive Officer

For enquiries, kindly contact the Marketing and Communications Division at:
Tel: 061 2074332/Fax: 061 2074206

Interest rates adjustments 24 Nov 2017

Interest rates for some Agribank products will see a modest increase of 0.50 percent (50 basis points) effective 1 December 2017. The Bank’s interest rates have not been adjusted since November 2013.

Notwithstanding the increase in some products, the Government subsidised interest rates will remain unchanged at 4%, while penalty interest rate on arrear balances will similarly also remained unchanged at 2%. Overall, Bank’s interest rates remain competitive relative to the market.

Subsidised loans are loans to communal farmers under the National Agricultural Credit Programme (NACP) and resettled farmers under the Post Settlement Support Fund. The NACP was established in 1995 for communal farmers to access credit in order to increase food production and become surplus producers, create jobs and alleviate the cycle of poverty. It also serves as a preparatory stage for small scale farmers in communal areas before they could be considered to qualify for the purchase of commercial farmland under the Affirmative Action Loan Scheme (AALS).

The new interest rates per loan type are indicated in the table below:

Loan Type X Previous Rates X New Rates X
Subsidised loans 4.00% 4.00%
Short term loans 7.50% 8.00%
Medium term loans 8.25% 8.75%
Long term loans 8.00% 8.50%
NACP non-production loans X 7.00% 7.50%
NACP production loans 4.00% 4.00%
Post resettlement support 4.00% 4.00%
Bush control loans 6.00% 6.50%
Arrears penalty 2.00% 2.00%

Existing and prospective clients of Agribank are hereby informed of the change in interest rates.

Issued by:
Sakaria Nghikembua
Chief Executive Officer

For enquiries, kindly contact the Marketing and Communication Division at:
Tel: 061 2074332
Fax: 061 2074206


The season for planting has officially arrived and farmers should be busy preparing the land for cultivation and planting of grains like pearl millet (Mahangu), sorghum, maize and vegetables like, pumpkin, runner bean, water melon and tomatoes. Establishing a crop means that seeds or seedlings are placed in the ground at a certain time (referred to as planting time). If the crop establishes itself poorly, the yield potential is immediately limited.

Thus, a significant relationship exists between the time you plant and the crop yield you obtain. To ensure that the optimum yield is realised, crop producers need to take into consideration factors such as the correct time for planting, the plant spacing and the depth of seeding (sowing depth).
Planting time.

For most crops there is an optimum time for planting, which depends on the climatic conditions and the time taken by the crops to reach maturity. For summer crops, such as maize, pearl millet and cow pea, early planting at the beginning of the rainy season is desirable as yields decrease with late planting. If planting commences late, the crop is likely to not reach its full physiological stage due to fewer days remaining for it to reach maturity.

Plant spacing
The spacing of plants refers to the distance between rows and between plants in the row. The closer the spacing, the greater the number of crops that can be planted per hectare. However, too close spacing results in competition among crops and diseases and pests can spread quickly among the crop population. The ideal plant spacing depends on the type of crop, variety and the climatic conditions such as rainfall and water availability. Tomatoes may be grown at closer spacing of 5 cm apart, whereas crops like runner beans require 30 cm spacing in-between. In drier areas, wider spacing is preferable in order to provide more soil water to the individual crops. In high rainfall areas, or where there is irrigation, closer spacing is possible.

Sowing depth
The sowing depth of a crop depends on the size of the seed, the type of soil and the weather. Generally, smaller seeds are sown at a shallower depth than larger seeds, while the deeper the seed is planted, the longer it will take the seedling to emerge and the weaker the plant will be at emergence (which may reduce plant vigour and

yield). Seeds may be planted deeper into sandy soil or in the case of dry planting i.e. planting before the rainy season. An important point farmers should remember when planting is to ensure good seed-to-soil contact as this enables the necessary absorption of water by seeds, which initiates germination.

To achieve an optimum crop harvest, do not crowd seedlings or plant them too close to each other. Give the plants sufficient time and space to reach their full potential and avoid deeper seeding in heavy soils.
This article is compiled by Ms. Emilie Abraham, Technical Officer: Crops within Agribank’s Agri Advisory Services Division.

Issued by:
Marketing and Communication Division

For enquiries, kindly contact the Marketing and Communication Division at:
Tel.: 061 2074332
Fax: 061 2074206

Agribank delivers solid performance despite difficult operating environment

Agribank delivers solid performance despite difficult operating environment
6 October 2017

Agricultural lender Agribank has reported solid financial performance for the year ended 31 March 2017, despite a difficult operating environment. The lender’s loan book has grown 7.4% year-on-year whilst interest income grew by 6.4% year-on-year. Although general administrative expenses went up by 11%, this is a slow-down from the 17% growth recorded for the year ended March 2016. If provisions in respect of post-retirement medical aid are excluded from the general expenses, then operating expenses only went up by 7% in the latest financial year. Another main contributor to the rise in general expenses is depreciation as a result of new vehicles and furniture acquired for the branches. Net profit increased from N$7.3 million in 2016 to N$138 million in 2017. This is as a result of both operating performance and a change in the method of provision on advances from a general provision based on outstanding loan balances to a specific method based on individual loan accounts. Individual account provisioning is in line with the Bank of Namibia’s guidelines for commercial banks (BID-2), which Agribank adopted for the 2017 financial statements.

In line with good corporate governance practices, the bank finalised its annual audit and held its annual general meeting within the prescribed six-month period after financial year-end. The annual general meeting, which took place in Windhoek on 21 September 2017, was attended by representatives of the Ministries of Finance, Land Reform and Public Enterprises.

Other achievements recorded during the 2016/17 financial year included the finalisation and implementation of the bank’s five-year strategic plan, the implementation of a bank-wide performance management system, the launch of the no-collateral loan product for communal farmers, the implementation of an arrears collection strategy, the establishment of an in-house Agri Advisory Services division to sharpen focus on training and mentoring services for farmers, and the launch of product-specific awareness campaigns.

For the current financial year the bank will implement a new loan book funding strategy whilst continuing to embed a high performance culture in the business. The bank is currently in the process of re-engineering critical business processes in order to improve customer service. Identified data integrity issues will also be addressed.

Owing to historical issues, the audit for the year was qualified as the auditor could not attain sufficient comfort regarding the accuracy and completeness of collateral securities data. In 2009, the bank migrated from BankMaster to SAP as the core banking system. At that time, SAP did not have a functionality to capture collateral securities. This functionality was developed between 2010 and 2012. In the intervening period, collateral securities information was captured in excel format with the uploading of the data from excel to SAP taking place in August 2012. Since then, the capturing of the collateral securities data was done directly onto the SAP system. For the past five years, the bank has been running a project to complete the capturing of the collateral securities data onto SAP. However, this information was found by the external auditor to be inaccurate and also incomplete resulting in the qualification. The bank has taken immediate steps to identify all capturing errors within the data and will ensure corrective action is taken to avoid a similar situation in future.
Issued by:

Sakaria Nghikembua
Chief Executive Officer

For enquiries, kindly contact Sakaria Nghikembua on: or 0811280131.


AGRIBANK and MAWF/GIZ Support to De-bushing Project signs a Memorandum of Understanding to support bush control and bush utilisation initiatives

Agribank has signed a one year Memorandum of Understanding (MoU) with the MAWF/GIZ Support to De-bushing Project.

The MoU covers the following areas for cooperation;

  • Products development: collaborate in the development of financing products aimed at scaling-up projects in bush control and biomass utilisation.
  • Loans risk assessment: utilise the valuable knowledge and information of the De-bushing Advisory Service (DAS) for risk assessment of bush control and bush-based value addition loans.
  • Information sharing: DAS offers to provide referral service on Agribank’s loan products relevant to bush control and biomass utilisation, as part of their outreach services. Reciprocally, Agribank will be sharing information/data on loan products specifically on the uptake of related loans and especially those associated with the focal area of this MoU.
  • Capacity building: DAS and Agribank to jointly coordinate capacity building activities for bush control loan holders. The parties will ensure that loan applicants undergo technical training in sustainable rangeland management, sustainable bush control and technologies used, biomass processing and utilisation, and the economics of bush control.
  • Monitor and Evaluate: DAS and Agribank to collaborate in monitoring and evaluating the implementation of bush control and biomass utilisation activities by loan holders, and assess short and long term economic and environmental impact, and the loan repayment ability...

The MAWF/GIZ Support to De-bushing Project was established through a bilateral cooperation between the German and Namibian governments in partnership with the
Namibian Ministry of Agriculture, Water and Forestry to develop, improve and implement strategies on sustainable bush control.

The Support to De-bushing Project aims at creating a national framework for bush control, which comprises of three inter-related objectives:
  1. Creating value addition opportunities for the biomass resource
  2. Supporting farmers, wood harvesting and processing industries through the establishment of a De-bushing Advisory Service (DAS).
  3. Creating an enabling environment in general to establish an environmental friendly and sustainable biomass industry.

DAS is a national information platform and focal point for questions relating to bush encroachment, bush control and value addition to bush. By virtue of its responsibilities, DAS will be the main co-operator in the implementation of this agreement.

Speaking at the signing ceremony, Agribank Chief Executive Officer, Sakaria Nghikembua, noted that the MOU demonstrates Agribank’s resolve to play a meaningful role in the socio-economic transformation and development of Namibia. “We continuously strive to innovate ways and means to ensure that our products and services become more accessible to all Namibians in order to contribute to the development of agriculture in this country. Bush encroachment has proven to be a problem in many parts of the country and we trust that through this agreement, more farmers and entrepreneurs will have access to financing and advisory services to turn the challenge of bush encroachment into value addition opportunities”, Nghikembua stated.

On his part, GIZ Project Team Leader Frank Gschwender emphasised that there is great potential for a diversified industry based on Namibian encroacher bush. “The scope of bush encroachment is huge, estimated at more than 30 million hectares of land amounting to a total of 200 to 300 million tonnes of biomass, providing Namibia with a sheer unlimited resource which is in high demand globally”. According to Gschwender, the knowledge of the opportunities created through biomass utilisation is crucial for the industry to flourish. As an emerging industry, the sector is faced with difficulties in accessing financial products to upscale bush control and value chain initiatives. As such, this cooperation is seen as a roadmap to create financial models suited to boost the bush-based biomass industry, thereby achieve large-scale rangeland restoration, Gschwender concluded.

Agribank Chief Executive Officer Profile

Nghikembua holds a Bachelor of Economics degree (A-average) from the University of Namibia and a Master of Science degree in Financial Economics from the University of London; and has completed an Executive Development Programme (EDP) from the University of Cape Town. In addition, Nghikembua has completed various Strategy and Leadership courses from the University of Wits (SA), INSEAD in France and the Old Mutual Business School (SA).

Nghikembua previously led the transformation of Namibia Post Ltd as its Chief Executive Officer, and later served as Chief Executive Officer of Operations at Old Mutual in Namibia and as Managing Director of Old Mutual Shortterm Insurance Company (Namibia) Ltd. In the latter role, Nghikembua led the successful integration of the former Mutual and Federal Insurance Company of Namibia Ltd into Old Mutual Holdings (Namibia).

Within Old Mutual, furthermore, Nghikembua served as the founding Executive and Chairman of Old Mutual Finance (Namibia) Pty Ltd (a lending company); and further served at different periods on the Boards of Old Mutual Transactional Services, Old Mutual Properties, the Old Mutual Foundation and the Investment Committee of the Old Mutual Investment Group (Namibia). On August 1 2016, he began his Agribank term.

View Full Profile

Upscaling Farmers' Productivity Through Training And Mentorship

Agribank established an Agri Advisory Services (AASD) Division for training and mentorship of farmers, effective April 2017, in line with its five year strategic plan.

The direct objective of this division is to transfer skills and knowledge as well as change attitudes towards farming in order to increase productivity and promote business relationships between clients and the Bank. The ultimate objective is to transform agricultural interventions into viable business enterprises. Further, the services have a special focus of orienting farmers towards adopting appropriate climate resilient strategies and agro-processing practices, and thus, ensuring national food security and sustainable livelihoods.

The following services in support of up-scaling farmers’ productivity capacities are offered under the AASD:

A. Training

Opportunities will be presented to clients and non-clients to attend various platforms for up-scaling their knowledge and skills-base. These platforms comprise of the following:

  • Evening lectures: A complementary platform to keep farmers in urban areas informed and equipped with farm management skills.
  • Excursions: To expose identified clients and non-clients to best farming practices, thereby enhancing their understanding of the commitment and sacrifices one has to make to become productive and profitable.
  • Farmers’ information days: to ensure information dissemination to as many farmers as possible and used by industry role-players and farmers as platform to network.
  • On-farm research trials: to demonstrate and create awareness on various appropriate farming practices to influence informed decision making.
  • Farm mapping: to produce farm maps to aid farm planning and management.
  • Topic-specific training events: provided over an extended period, between two to five days to allow farmers to gain a deeper understanding and ability to demonstrate skills, knowledge and attitude towards targeted aspects of farming. Training packages may be arranged in conjunction with other specialized agricultural training providers.

B. Mentorship

Identified clients will be offered a chance to receive mentorship free of charge but must be willing to sign a Mentorship and Training Agreement to demonstrate their commitment to farming productively. Such clients will be attached to a mentor based on the location or operational zone of the mentor so as to maintain regular contact for personalized advice and guidance based on the client’s needs.

Mentoring is based on commitment, and a mutual trust relationship between the mentor and the client (mentee) for it to be effective. This mentorship component uses two approaches when engaging the clients for intervention; one is the “individual client mentoring” (one-on-one) where there is personalized transfer of skills and knowledge between the mentor and the client, based on the client’s own needs and circumstances. The other approach is the “client group mentoring” where clients in the same farming area or in close proximity to each other, form a group to be mentored as one study group. This group approach promotes and enhances support networks, sharing experience, and exchange of skills and knowledge amongst clients.

To intensify and accelerate knowledge transfer, information on upcoming events, farming tips and material used for training purposes amongst others will be available on the Agribank website: under the AASD link and a series of articles on best farming practices will be regularly published in local newspapers.

This article is compiled by Mrs. Elaine Smith, Manager Agri Advisory Services Division at Agribank.

Issued by:
Marketing and Communication Division

For enquiries, kindly contact the Marketing and Communication Division at:
Tel.: 061 2074332
Fax: 061 2074206

Selection is critical to optimal livestock performance

Every livestock farmer should strive for optimal productivity while keeping the costs of production in check. The production efficiency on any livestock enterprise is directly linked to the efficiency of livestock selection. In order to maximise productivity, a livestock farmer should establish breeding objectives and goals, and implement a selection process that will meet his/her objectives. The purpose of livestock selection is to improve herd or flock productivity, meet market demands and increase farm income. There are several factors that hinder livestock improvement, which amongst others include:

  • Costs of breeding materials: expensive breeding bulls, rams, cows, ewes, etc.
  • Uncontrolled breeding practices: no selection, in-breeding, delayed castrations and no breeding camps.
  • Absence of records: with no records, it is difficult to trace or monitor livestock performance. Important information to track includes: birth weight, pregnancy, weaning weight, market weight, calving intervals, etc.
  • Skills/knowledge and information gap: some farmers do not adopt contemporary livestock management practices. Some also do not have the right information and skills to make a success of their farming enterprises.
  • Climatic/environmental conditions: harsh conditions such as droughts, floods, and extreme temperatures negatively affect livestock performance physiologically and physically.

Selection is critical to optimal livestock performance, and the objective is to retain and maintain superior breeding animals that will pass the most desired traits onto future generations. To achieve that, three common approaches can be used in order to help the farmer make desired and well-informed decisions. These are;

  1. Visual assessment (phenotypic): this type of selection is based on descriptive standards set to identify an ideal animal based on its physical soundness, e.g. body conformation, posture (e.g. legs, neck, back, and head), udder and testicle size and placement, etc. For example, if an animal is observed to have weak legs (unstable) or sickle hocks, then it is not selected for breeding but culled or removed from the herd.
  2. Genetic assessment (genotypic): This assessment is based on known inherited characteristics which are influenced by an animal’s genotype. This is done by genetic evaluation methods such as Estimated Breeding Value (EBV) or Source: Expected Progeny Difference (EPD) amongst others. . The use of these methods is based on statistical formulas to predict if an animal is able to pass on the most economically important traits such as growth rate, carcass quality, reproductive efficiency, parasite resistance etc. The difference between the two is that EBV estimate individual animal breeding value whereas EPD estimate the Individual animal’s progeny (offspring) breeding value. Farmers can always obtain such estimates from livestock stud breeders associations (
  3. Classing and culling (visual and history): this is visual assessment of the animal, and the use of its performance history (e.g. calving intervals, abortions, complications at birth, etc.). For example, a cow on average should have a calf every year (365 days and less), but if it starts delaying and have longer intervals between every calf, then it can be selected and classed as a low or non-producer, thus, culled for market.

For any animal type or breed, a farmer should take into account the environmental conditions and his/her management ability. On that, what is expected is a productive and adaptive animal, and the management should be able to meet the animal requirements in terms of health and nutrition, and general animal welfare practices.

This article is compiled by Mr. Erastus Ngaruka, Technical Officer within Agribank’s Agri Advisory Services Division.

Issued by:
Marketing and Communication Division

For enquiries, kindly contact the Marketing and Communication Division at:
Tel.: 061 2074332
Fax: 061 2074206

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