Agribank – Page 2 – Windhoek Observer

12 Aug

Farming is a life-long learning process

ObserverUncategorisedAgribank, Groot Aub

Renathe Nasimas and Abraham Nasimab are a successful farming couple, who after years of relentless pursuance and balancing amid parenting, full-time jobs and weekend farming, are aspiring to be on top of their agribusiness today. They currently farm with small livestock, poultry and are experimenting with horticulture. They are an embodiment of the phrase, “hard work does pay off”, constantly hunting for knowledge, adapting, reducing, renewing and expanding their business interests. From their humble beginnings as civil servants, Renathe was a nurse while Abraham a television technician in Windhoek. Initially, Renathe, a liberation war veteran, wanted to retire early at…

12 Jun

The winter lambing and kidding season

ObserverUncategorisedAgribank

Erastus Ngaruka With the commencement of the winter season, small stock (goats and sheep) farmers have a big task at hand of ensuring that this lambing (sheep birth) and kidding (Goat birth) season progresses well in order to potentially achieve their production targets. Generally, animals’ breeding activities take place during seasons or times most favorable to their bodily functions and wellbeing. For example, mating commences during times of plentiful forage resources amongst others, and this is because the nutritional status of the animal has a direct influence on conception (the better the nutritional status the higher the chances of conception).…

06 Jun

AgriBank provides billions in funding

ObserverUncategorisedAgribank, Finance minister, Government, Iipumbu Shiimi

Staff writer Finance minister, Iipumbu Shiimi says AgriBank has extended up to N$1 billion in loans to farmers in various regions of the country over the past three years. “Equally commercial bank loans to agriculture over the past five years have averaged in excess of N$4 billion, indicating a healthy flow of funds to this sector. Drought relief disbursements amounting to N$245 million has also been provided by AgriBank over the past year,” he said in his reply on matters raised during the Second Reading of the 2020/21 Appropriation Bill in Parliament. He, however, warned AgriBank loan beneficiaries to repay…

20 May

Farmers get 12 month holiday

ObserverObserver MoneyAgribank, Covid-19

Staff Writer Agribank has announced that it will offer farmers a 12 month installment holiday as part of the bank’s measures to cushion them against the negative impact of COVID-19. “Qualifying clients of Agribank are not mandated to pay the installment for a period of 12 months from the effective date of the Bank’s COVID-19 Relief and Stimulus package. The installment and the interest applicable to that installment will be capitalized,” Agribank CEO Sakaria Nghikembua said. “Existing arrears will not be capitalized; penalty interest of 1.5 percent will apply on arrears for relief period (down from 2 percent) and installments…

22 Apr

Cattle misfortune for Esau

ObserverObserver MoneyAgribank, Bernhardt Esau

Staff Writer Former Fisheries minister, Bernhardt Esau who is currently incarcerated over his involvement in the Fishrot scandal, has had 50 head of cattle which were being kept on his behalf at Farm Sorondo in the Omaheke region, stolen. According to sources, Esau entered into an agreement with former Agricultural Bank of Namibia (Agribank) Credit Manager, Masilo Hochobeb to keep 300 head of cattle at his farm. “I have not been at the farm in four weeks, I will have to check with the workers,” said Hochobeb when contacted for comment. When quizzed over the agreement he entered into with…