Local Agriculture Finance Expert for the Consulting Services for the “Finance of Small Agricultural Enterprises - Agribank Credit Line for the Promotion of Agricultural Households and MSMEs” in Namibia

Within the framework of German Financial Cooperation (FC) with Namibia, the German Government is examining support for an agricultural financing project. As part of this project, the state-owned development bank Agricultural Bank of Namibia (Agribank) is supporting it with a development loan of EUR 23 million to expand its business activities.

The main business purpose of Agribank is to lend to individuals and companies for the promotion of agriculture and similar activities. Agribank also provides targeted support for national development strategies, such as the National Development Plan.

The Bank's target group consists mostly of smaller farms engaged in either municipal or commercial farming, but increasingly also of other small and medium-sized agricultural or food processing enterprises. With access to needs-based financial products, the target group is enabled to use funds for the expansion and expansion of their agricultural or food processing activities, thus generating additional income and increasing food production and income situation in Namibia.

The project also promotes the establishment of productive and resource-conserving agriculture in order to increase food production in Namibia in a sustainable way.