Opening of Agribank's branch office in Grootfontein

23 Apr 2021

Namibia’s Premier Agricultural Lender (Agribank), opened a new office in Grootfontein today, as part of its on-going strategy to put clients at the centre of its activities. The Bank has a continuous strategic objective of providing access to a wider client base, through both physical offices and the use of online services. Three years ago, the Bank opened an office in Gobabis, Omaheke region and towards the end of last year, it relocated its office in the Zambezi region, based in Katima Mulilo, to new and more customer-friendly offices. In the 2021/2 financial year, the Bank has budgeted to renovate its Otjiwarongo and Rundu offices to improve customer experience and service delivery at every level of contact.

In his keynote address at the inauguration ceremony, the Governor of Otjozondjupa region, James Uerikua, who officiated at the event, applauded Agribank for setting up a branch office in Grootfontein given agriculture sector’s important contribution towards the Namibian economy. The sector is also the largest employer in Namibia, despite a sustained economic recession over the past 5 years. While the Covid-19 pandemic poses some serious challenges to Namibia’s food sustainability in the short term, Uerikua said there is an opportunity to accelerate transformation in the agricultural sector to build its resilience in the face of these challenges.

“It is against this setting that I consider the opening of the Grootfontein office as an important step towards unlocking the agricultural growth potential offered by the Otjozondjupa region, since this region, particularly the Maize Triangle Area, is known for relatively high rainfall and endowment with groundwater resources required for improving agricultural productivity. “I thus congratulate the Board and all Agribankers respectively for their vision to bring services closer to the agricultural communities and for implementing this vision. What an outstanding achievement in the midst of tough economic and climatic environments?” Uerikua stated. He explained that as a government expects state-owned enterprises to be managed on a financially sustainable basis whilst providing much-needed goods and services to all Namibians, irrespective of where they live. “I am fully aware of the positive achievements which Agribank has been making over the past five years”, he concluded.

Speaking on behalf of the Agribank board, Peyavali Hangula described the opening of the new office in Grootfontein as a yet another milestone in the Bank’s journey towards customer excellence, as it enables the Bank to expand its reach, and improve its accessibility to clients and stakeholders nationally. She said the Otjozondjupa region is an important farming region in the country, which balances both livestock and crop production, making it equally important to Agribank, whose mandate is to support agriculture through funding. “It is against this backdrop that we felt it necessary to increase our footprint in this region. Today, we gathered in Grootfontein to open our second office in the Otjozondjupa region”.

The inauguration ceremony was attended by the Governor of the Otjozondjupa region, James Uerikua who was the keynote speaker, Grootfontein Mayor Lovisa Iyambo, Agribank Board members and senior management, farmers as well as other key stakeholders from the region.

Issued by:
Rino Muranda Manager: Marketing and Communication
For enquiries, kindly contact the Marketing and Communications Division Tel.: 061 2074308/10 Fax: 061 2074206

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