Agribank's top brass meet with Utoni

Challenges discussed, updates provided

19 June 2019 | Agriculture

A delegation from the Agribank board and the bank's CEO, Sakaria Nghikembua recently met with land reform minister Utoni Nujoma as part of the bank's on-going stakeholder engagement strategy.

According to a statement issued by Agribank, its chairperson, Michael Iyambo at the meeting said that the bank is a very important player in the land reform process and requires the support from all stakeholders in order to further the government's national developmental agenda in the agricultural sector. Iyambo noted that the agricultural sector is faced with unpredictable and difficult times due to climate change and the devastating drought, which requires closer synergies between the various role players. According to him, these challenging times also present opportunities to both the ministry and Agribank to make a meaningful impact in the country's land reform process, if a sustainable model is developed and implemented for the sector.

Nghikembua presented the bank's overall performance, highlighting milestones and challenges facing the institution as well as mitigating measures that are in place.

Nujoma applauded Agribank for introducing the drought relief interventions, following the declaration of drought as a national emergency. Nujoma was equally impressed with Agribank's contribution to help achieve the national target of land acquisition.