A MONTHLY WRAP-UP OF NEWS WORTH KNOWING
Namibia’s mining, financial, agricultural, and manufacturing sectors are advancing with new investments and government support. Over 600 new mining exploration applications reflect confidence in Namibia’s mineral wealth, although only 68 out of 162 active mining licenses are operational. The Bank of Namibia cut interest rates by 25 basis points to stimulate the economy amid low inflation. The Capricorn Foundation invested N$350,000 to train young Namibians in hospitality, aiding job creation. In manufacturing, the Trade Ministry is encouraging MSME participation in the beverage industry following AB InBev’s local production of Lion Lager. Additionally, Kadila Poultry Farming began operations, aiming to produce 400 tonnes of poultry monthly and create 350 jobs, reducing Namibia’s reliance on imports. These developments highlight progress across key sectors.
CELEBRATING YIELDS IN RICE AND POULTRY PRODUCTION IN THE OMUSATI REGION
In the Omusati Region, where concerns over food security are mounting due to the impending drought, rice cultivation is expanding. The University of Namibia’s Ogongo Campus, strategically located in the Cuvelai- Etosha Basin of north-central Namibia, plays a pivotal role in this development. Specialising in agriculture, natural resource management and environmental science, Ogongo has become […]
COST MANAGEMENT VITAL TO MITIGATE COVID-19 IMPACT ON FARMING OPERATION
Article By: Gerhard Mukuahima, Head of Agribusiness The outbreak of Covid-19 across the globe is presenting a unique set of challenges to industries and causing severe disruption to global value chains, says Standard Bank’s Head of Agribusiness, Gerhard Mukuahima. He adds that this is especially true in relation to agriculture, raising questions and concerns about […]