Agricultural Bank of Namibia – Windhoek Observer

07 Sep

High inflation, interest rates erode consumer confidence

ObserverNational NewsAgricultural Bank of Namibia, High inflation, interest rates erode consumer confidence

Tujoromajo Kasuto Uncoordinated policy frameworks and a lack of cooperation between the public and private sectors, according to the Agricultural Bank of Namibia, are obstacles in the fight against unemployment. The Bank observes that a number of initiatives aimed at reviving the labour market, such as the youth agro-based value chain initiatives, are halted by the lack of coordination between the government and private sector and other policy frameworks, making it difficult to combat the high unemployment rate. ‘’Pandemic related retrenchments and slow global trade have further worsen the number of unemployed individuals in the country. Employment is the cornerstone…

Community activist appointment to LRAC causes heated debate

ObserverNational NewsAgricultural Bank of Namibia, Community activist appointment to LRAC causes heated debate, Minister of Agriculture, Water and Land Reform to the Land Reform Advisory Committee

Martin Endjala The appointment of one of the nominees of the Minister of Agriculture, Water and Land Reform to the Land Reform Advisory Committee was the cause of another division across party line in the Namibian Assembly. Ministe Carl Schlettwein’s proposal of Jan Jarson indicated in his CV as a community activist and a former Swapo regional councillor was opposed by some opposition benches. Another, issue being questioned in his CV is the lack of relevant academic qualifications as well as him putting down the names of two Swapo governors as reference, which led to a heated debate in this…

Small stock sales decline by 50% in January

ObserverUncategorisedAgricultural Bank of Namibia, Small stock sales decline by 50% in January

Tujoromajo Kasuto Small stock sales of goats and sheep in January 2022, declined significantly month-on-month. The sales dipped from 43 465 recorded in December 2021 to 21 572 in January, which is more than a 50 percent drop. The drop is noticeable in both industries with sheep marketing having experienced the greatest drop of 51 percent to 15,102 in January 2022 from 31,093 the previous month. The decline can be associated with the January breeding and restocking season. The low sales have impacted abattoir performance adversely. This is contained in the Agricultural Bank of Namibia (Agribank) monthly market watch for…