Namibia: Agriculture Ministry to Up Loans to Resettled Farmers to N$500 000

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The Ministry of Agriculture, Water and Land Reform is discussing raising the initial loan amount for resettlement farmers from N$200 000 to N$500 000 with the Agricultural Bank of Namibia (Agribank).

The Ministry of Agriculture, Water and Land Reform is discussing raising the initial loan amount for resettlement farmers from N$200 000 to N$500 000 with the Agricultural Bank of Namibia .

The two also questioned the ministry on how it plans to expedite the resettlement process to alleviate the suffering of those stranded in corridors, given the urgency of their situation. She added that although the intention of the ministry is to equip the farmers, the majority of the beneficiaries of the support package are not paying back their loans.

"To address the issue of water scarcity, the ministry has acquired a fleet of drilling rigs to improve water supply by drilling boreholes in the resettlement farms. However, we must understand that the water scarcity in our country is a challenge since Namibia is a semi desert country. Another challenge is the insufficient budget which limits the ministry to offer all the required support to the resettlement beneficiaries," the minister said.

 

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