Agribusdev board ‘paid for doing nothing’

Jemima Beukes
The country’s agriculture parastatal, which currently finds itself in a vegetative state, has allegedly paid board members close to N$300 000 in retainer fees - despite having nothing to show for it since their appointment in April 2021.

Company insiders informed Namibian Sun that the five-man Agribusdev board did not have single meeting since their appointment. The board has also been accused of providing no strategic direction to the company.

A company source said: “The board claimed in April this year to receive their retainer fees, dating back to the date of their appointment. They only claimed to get their retainer fees because they could not claim sitting fees as they had no board meetings”.

Dr Rosemary Shikangalah (chair), Jacob Nyambe, Inekela Kambindji, Johanna Andowa and Lucas Ndjamba were appointed last year to revive operations at the company.

Just a month after their appointment, a document in which agriculture minister Calle Schlettwein pushed for the closure of Agribusdev leaked into the public domain.

The move allegedly left board members in a catch-22, with some holding the view that there is no point to invest time and resources into reviving the company if the shareholder sees no future for it.

Ndjamba, an executive at the MVA Fund, quit the board in September last year, saying “personal reasons” prompted him to throw in the towel five months after his appointment. He never received any payment for his time on the board, he said.

In limbo

The rift between the company’s executives and its managing director Berfine Antindi has also not made things easier, with the two parties constantly clashing on how projects must be managed.

Agribusdev has been in limbo since last year when Cabinet resolved to dissolve it, promising to transition existing staff into the agriculture ministry. This process is, however, yet to be kickstarted.

Meanwhile, according to insiders, Shikangalah has received a monthly retainer of N$8 300, while ordinary board members received just N$5 400 after tax deductions.

When contacted for comment yesterday, Shikangalah and Antindi passed the buck, refusing to respond to the allegations.

“Is that so? Speak to the managing director,” Shikangalah said when contacted, while Antindi said Shikangalah and the rest of the board are in charge and should respond instead.

“The board are the owners of Agribusdev; they are not under me. I am under them. They are my bosses, so you must speak to them or to the appointing authority,” Antindi said.

Not aware

Ordinary board member Andowa declined to comment on whether she attended any board meetings since her appointment and instead referred questions to Shikangalah.

“I am not aware of what you are saying. I can also not say whether I have received payments. I cannot confirm whether payments were made; I am not in my office right now,” she said.

Ndjamba said he could shed no light on the situation, having resigned as board member, while Shikangalah’s deputy Jacob Nyambe was not reachable.

Schlettwein declined calls made to him and ignored a message on WhatsApp.

Towards the end of last year, Cabinet had directed the termination of Agribusdev as operator of government's green schemes and the cancellation of a memorandum of understanding between the ministry of agriculture and the agency due to perpetual dismal financial performance.

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Namibian Sun 2024-04-24

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 323.27/OZ DOWN 0 | Copper US$ 4.44/lb UP +0.69% | Zinc US$ 2 807.10/T UP 0.18% | Brent Crude Oil US$ 87.89/BBP DOWN -0.005 | Platinum US$ 903.09/OZ DOWN -0.0075 Sport results: Premier League: Arsenal 5 vs 0 Chelsea | Fulham 1 vs 3 Liverpool | Aston Villa 3 vs 1 Bournemouth | Crystal Palace 5 vs 2 West Ham | Everton 2 vs 0 Nottingham Forest LaLiga: Sevilla 2 vs 1 Mallorca | Real Madrid 3 vs 2 Barcelona | Deportivo Alaves 2 vs 0 Atletico Madrid | Almería 1 vs 2 Villarreal | Getafe 1 vs 1 Real Sociedad SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna | Monza 1 vs 2 Atalanta | Salernitana 0 vs 2 Fiorentina | Torino 0 vs 0 Frosinone | Sassuolo 0 vs 3 Lecce European Championships Qualifying: Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday FA Cup: Coventry City 3 vs 3 Manchester United English Championship: Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday Weather: Katima Mulilo: 14° | 35° Rundu: 15° | 35° Eenhana: 16° | 36° Oshakati: 17° | 34° Ruacana: 16° | 35° Tsumeb: 18° | 33° Otjiwarongo: 15° | 32° Omaruru: 16° | 34° Windhoek: 15° | 30° Gobabis: 17° | 31° Henties Bay: 15° | 20° Wind speed: 26km/h, Wind direction: S, Low tide: 09:35, High tide: 03:35, Low Tide: 21:39, High tide: 15:58 Swakopmund: 15° | 17° Wind speed: 32km/h, Wind direction: SW, Low tide: 09:33, High tide: 03:33, Low Tide: 21:37, High tide: 15:56 Walvis Bay: 15° | 24° Wind speed: 34km/h, Wind direction: SW, Low tide: 09:33, High tide: 03:32, Low Tide: 21:37, High tide: 15:55 Rehoboth: 15° | 32° Mariental: 19° | 33° Keetmanshoop: 19° | 32° Aranos: 19° | 33° Lüderitz: 15° | 29° Ariamsvlei: 19° | 31° Oranjemund: 12° | 20° Luanda: 26° | 28° Gaborone: 20° | 33° Lubumbashi: 14° | 27° Mbabane: 14° | 24° Maseru: 12° | 26° Antananarivo: 16° | 24° Lilongwe: 15° | 28° Maputo: 21° | 26° Windhoek: 15° | 30° Cape Town: 16° | 20° Durban: 20° | 23° Johannesburg: 18° | 28° Dar es Salaam: 24° | 26° Lusaka: 17° | 29° Harare: 15° | 30° Economic Indicators: Currency: GBP to NAD 23.86 | EUR to NAD 20.54 | CNY to NAD 2.65 | USD to NAD 19.23 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.32 | USD to AOA 834.06 | USD to BWP 13.83 | USD to EGP 47.85 | USD to KES 133.98 | USD to NGN 1251.05 | USD to ZAR 19.23 | USD to ZMW 26.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74010.81 Up +0.62% | Namibian Stock Exchange (NSX) Overall Index 1522.16 Down -0.31% | Casablanca Stock Exchange (CSE) MASI 13246.66 Down -0.42% | Egyptian Exchange (EGX) 30 Index 26777.05 Down -4.86% | Botswana Stock Exchange (BSE) DCI 9132.5 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 323.27/OZ DOWN 0 | Copper US$ 4.44/lb UP +0.69% | Zinc US$ 2 807.10/T UP 0.18% | Brent Crude Oil US$ 87.89/BBP DOWN -0.005 | Platinum US$ 903.09/OZ DOWN -0.0075