Namibian agricultural sector

CHAMWE KAIRA Agra Limited has advised shareholders that the company’s profit after tax, basic earnings per share and headline earnings per share for the year ended 31 July 2024 is expected to decrease by between 17% and 23% compared to the previous financial period. Agra said the results reflect a period that was challenging in unprecedented ways but also demonstrate the strength and resilience of both the company and the Namibian agricultural sector. “The severe and ongoing drought has tested Agra’s operations, stakeholders, and the very foundation of agriculture in Namibia. Yet, through these trials, Agra has emerged not just…