Agribank ploughs back into community
Agribank continuously supports the agricultural sector in the country through sponsoring local agriculture shows and exhibition events in Namibia.
In a statement, the bank underlined its strong belief that support for such events not only promotes brand visibility and generates sales leads, but also serves as a platform for farmers and stakeholders to improve productivity and sustainability in the agriculture sector.
"The shows and fairs provide an opportunity for farmers to market their produce and generate an income and for other players across the value chain to showcase inputs, services, technologies and innovation necessary for the growth and development of the sector and the economy at large," Agribank stated.
Giving back
The bank said it recognises these opportunities and has thus taken a deliberate decision to support local agricultural shows and exhibitions through its corporate social responsibility programme.
This way, the bank can plough back into the community, while also stimulating business activities in the agriculture industry and the country at large.
For the financial years 2019 to 2020, 2020 to 2021, and 2021 to 2022, the bank has spent N$1.066 million towards its corporate social responsibility.
These investments focused mainly on supporting livestock auctions, horticulture production, agro-processing, and farmers’ support services.
Broad support
Agribank said its social responsibility support is not only extended to agricultural shows and exhibitions, but a substantial amount also goes into agricultural projects and initiatives such as community and school gardens. The support is aimed at uplifting sustainable community food security programmes and entrepreneurial capabilities.
In addition, industry partners such as farmers' unions, consortiums, congresses, and cooperatives are also beneficiaries.
"The bank is always inundated with requests for support and sponsorship from various institutions and groups. However, considering the difficulties within the business environment that the bank operates in, the process of allocating funds ensures an equitable distribution of resources across all the 14 regions of the country."
It added that the bank also proactively looks for strategic agriculture events and projects for possible support and sponsorship, in line with its policy and procedures.
In a statement, the bank underlined its strong belief that support for such events not only promotes brand visibility and generates sales leads, but also serves as a platform for farmers and stakeholders to improve productivity and sustainability in the agriculture sector.
"The shows and fairs provide an opportunity for farmers to market their produce and generate an income and for other players across the value chain to showcase inputs, services, technologies and innovation necessary for the growth and development of the sector and the economy at large," Agribank stated.
Giving back
The bank said it recognises these opportunities and has thus taken a deliberate decision to support local agricultural shows and exhibitions through its corporate social responsibility programme.
This way, the bank can plough back into the community, while also stimulating business activities in the agriculture industry and the country at large.
For the financial years 2019 to 2020, 2020 to 2021, and 2021 to 2022, the bank has spent N$1.066 million towards its corporate social responsibility.
These investments focused mainly on supporting livestock auctions, horticulture production, agro-processing, and farmers’ support services.
Broad support
Agribank said its social responsibility support is not only extended to agricultural shows and exhibitions, but a substantial amount also goes into agricultural projects and initiatives such as community and school gardens. The support is aimed at uplifting sustainable community food security programmes and entrepreneurial capabilities.
In addition, industry partners such as farmers' unions, consortiums, congresses, and cooperatives are also beneficiaries.
"The bank is always inundated with requests for support and sponsorship from various institutions and groups. However, considering the difficulties within the business environment that the bank operates in, the process of allocating funds ensures an equitable distribution of resources across all the 14 regions of the country."
It added that the bank also proactively looks for strategic agriculture events and projects for possible support and sponsorship, in line with its policy and procedures.
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