As a strategic player in the agriculture sector, Agribank continuously supports the agricultural sectorin the country as part of its mandate to promote growth and development of the sector. Agribank’s support is not limited to its core mandate of financing agriculture and agriculture related businesses, but also takes interest in socio-economic issues that do not necessarily have impact on financial performance of the Bank. In this regard, Agribank provides sponsorship towards support of local agriculture shows and exhibition events country wide.

Agribank strongly believes that support to such events does not only promote brand visibility, generate sales leads but it also serves as a platform for farmers and all stakeholders across the value chain to share information experience to improve productivity and sustainability of the agriculture sector. The shows and fairs provide an opportunity for farmers to market their produce and generate income and for other players across the value chain to showcase inputs, services, technologies and innovation necessary for the growth and development of the sector and the economy at large.

Agribank therefore recognizes these opportunities, and thus has taken a deliberate decision to support local agricultural shows and exhibition events through its corporate social responsibility (CSR). Through this avenue, the Bank is ploughing back to the community while also stimulating business activities in the agriculture industry and the country at large.

For the past financial years 2019/2020, 2020/2021, and 2021/2022, the Bank spent an amount of N$1.066million towards its corporate social responsibility. The CSR investments focused mainly on supporting livestock auctions, horticulture production, agro-processing, and farmers’ support services. The social responsibility support was not only provided to agricultural shows and exhibitions, but a substantial amount also went into agricultural projects and initiatives such as community and school gardens, aimed at uplifting sustainable community food security programmes and entrepreneurial capabilities. In addition, industry partners such as farmers' unions, consortiums, congresses, and cooperatives also formed part of the beneficiaries of the corporate social responsibility fund of the Agribank.

The Bank is always inundated with requests for support and sponsorship from various institutions and groups. However, considering the difficulties within the business environment that the Bank operates in, the process of allocating funds ensures an equitable distribution of resources across all the 14 regions of the country. The Bank also proactively looks for strategic agriculture events and projects for possible support and sponsorship, in line with its policy and procedures.

Issued by:
Fillemon Nangonya
Public Relations Officer
For inquiries, kindly contact the Marketing and Communications Division
Tel.: 061 2074355 Email: info@agribank.com.na

Namibia’s premier agricultural lender, Agribank, is delighted to inform the public that the recently launched biomass value chain financing scheme, is now available to the public. This special scheme is aimed at meeting the strategic objective of loan book diversification coupled with the Banks mission to continuously offer innovative agricultural financing solutions.

The Biomass industry has the potential to improve the streamflow of underground water, refine rangeland productively, create sustainable employment and serve as an opportunity for farmers to diversification revenue streams. In addition, the industry will promote climate smart agricultural practices.

Under the Biomass value chain financing scheme, an applicant (legal entity or individual) 1) can be the owner of the farm or leasing a farm from which he/she can harvest biomass to produce charcoal. 2) can be a processor who buy in charcoal to process and pack for the end market (i.e retail shops/ restaurants or export/import companies for charcoal. Both applicants are required to have a permit from the Ministry of Environment, Tourism and Forestry, in order to harvest the biomass for charcoal.

For charcoal producers, the facility offers loans for working capital (including food rations for the employees), tractors/trailers, storage sheds, de-bushing equipment, workers housing including clean water & sanitation. As for charcoal processors, financing of working capital, general equipment and vehicles, maintenance workshop, office to operate from, charcoal processing plant, warehouse and equipment is offered.

For more information, and to apply for the biomass financing scheme, applicants, can visit any of the Agribank’s offices countrywide, or the Bank’s website (www.agribank.com.na) or the Biomass Finance Scheme Brochure.

The Bank will continue to play a meaningful role in ensuring that both communal and commercial farmers have affordable access to financing, to take the agricultural sector to the next level.

Issued by:
Fillemon Nangonya
Public Relations Officer
For inquiries, kindly contact the Marketing and Communications Division
Tel.: 061 2074355 Email: info@agribank.com.na

Namibia’s premier agricultural lender, Agribank, spearheaded a stakeholder engagement event in Gobabis, Omaheke region, bringing together all agriculture role players in the region, to consult and engage on how best to serve farmers in the cattle country. The event took place on Wednesday, 19 January 2022.

Farmers’ union representatives formed part of the engagement, and presented their challenges, while also proposing solutions. Among others, farmers indicated that due to drought, farmers are now disintegrated as each farmer is now focused on the survival of his/her farm, resulting in less peer-to-peer interactions. As such, farmers are proposing for Agribank to champion events for farmers to come together, and share information on addressing various challenges they face.

It was further proposed for Agribank to provide certificate of attendance and/or accreditation to farmers, after attending farming trainings facilitated by Agribank. According to farmers, this will help when applying for resettlement farms at the Ministry of Agriculture, Water and Land Reform.

Farmers also encouraged synergies between all key stakeholder in the region, to ensure that bottlenecks in the process of serving farmers are addressed from all angles. During the engagement, stakeholders presented their respective roles in the process of developing and promoting agriculture in the country. Additionally, Agribank loan application processes and requirements also featured.

On behalf of Agribank, Mr. Regan Mwazi, Executive Manager Marketing and Customer Strategy responded to some of the issues raised and praised the institutions for attending and providing inputs. “It is only through stakeholder engagements such as this one where local solution to local challenges can be provided and opportunities identified for exploitation to the benefit of the farming industry,” he stated. Mr. Mwazi also urged farmers to be organised in order to be heard and take seriously the information provided to them through various platforms in order to improve their respective farming techniques.

Commenting on the engaged, Emilie Abraham, Manager: Horticulture Market Development, Namibia Agronomic Board, expressed her satisfaction with the meeting, noting that the event helped in providing context on the responsibilities of individual stakeholders, while also clarifying such functions in the chain of helping farmers, and growing the sector.

Recently, Agribank’s newly appointed Chief Executive Officer, Dr Raphael Karuaihe announced that stakeholder engagements will be at the core of his 100 days in office. As such, more events of similar nature will be conducted at the auspices of Agribank.

The following institutions were represented: Omaheke Regional Council, Farmers Unions and Associations, Namibia Agronomic Board, Meat Board of Namibia, NAMPOL Stock Theft Unit, Ministry of Agriculture, Water and Land Reform, Ministry of Environment, Forestry and Tourism, Witvlei Village Council, and the Namibia Biomass Industry Group.



Mr. Regan Mwazi (in blue), Executive Manager Marketing and Customer representing Agribank during the engagements.


Issued by:
Fillemon Nangonya
Public Relations Officer
For inquiries, kindly contact the Marketing and Communications Division
Tel.: 061 2074111 Email: info@agribank.com.na