Billions to boost agriculture

In the current fiscal year, N$96 million is earmarked for the development of green schemes, while nearly N$131.6 million was budgeted to improve livestock production.

30 April 2019 | Economics

Jo-Maré Duddy – Nearly N$4.2 billion has been budgeted for the development of agriculture, water and forestry in the three fiscal years ending 31 March 2021/22, of which more than N$1.5 billion is available for this year.

Agriculture has been plagued by persistent drought, plunging the sector into a recession last year, with growth of -2.2%.

At current prices, the sector contributed more than N$8.8 billion or nearly 4.5% to the country’s gross domestic product (GDP) of around N$192.1 billion in 2018, according to the latest data by the Namibia Statistics Agency (NSA).

Together with fishing and forestry, agriculture is by far the biggest job provider in Namibia. In 2018, the sector employed 167 242 or about 23% of the country’s entire workforce, according to the NSA.

The bulk of government’s current capital budget – about N$469.2 million or 31% of the total budget - is earmarked for the development, maintenance and rehabilitation of water infrastructure. Over the medium-term expenditure framework (MTEF), some N$1.7 billion is allocated to this.

Nearly N$191.4 million will be spent to complete the Neckertal Dam in 2019/20. Next year, about N$113.6 million will be pumped into the refurbishment of the Hardap Dam.

Nearly N$5.7 million is available for the construction of traditional wells and pans for livestock drinking, followed by N$20 million in each of the subsequent fiscal years.

A total of N$242 million in 2019/20 and N$460 million next year will be invested in the construction of water supply security infrastructure, which includes the construction of pipelines.

Green schemes

A total of N$346 million will be invested in green schemes over the MTEF. Government intends developing 27 000 hectares for green schemes over the coming 15 years. The total cost of government’s development of green schemes is N$3.5 billion, of which more than N$2 billion will be spent after 2021/22.

In the current fiscal year, N$96 million is earmarked for the development of green schemes. This includes the construction of grain storage silos, cold storage facilities and a weighbridge at Uvhungu-Vhungu in the Kavango East region. Farm buildings will be erected at Mashare in the region, while construction activities will continue at Katima Mulilo and Liselo in the Zambezi region.

Nearly N$587.9 million is budgeted for the Namibia Agricultural Mechanisation and Seed Improvement Project (NAMSIP) this year – N$98.9 million financed from the State Revenue Fund, complemented by a loan of nearly N$489 million.

The project aims to enhance productivity, reduce imports of staple grains, create jobs, better household incomes and improve the lives of rural people.

Other crop and horticulture production projects which will benefit from the budget this year include: the Kalimbeza Rice Project (N$10 million), integrated grain storage facilities (N$15 million), establishment of agro processing facilities (N$10.8 million), production incentives for sunflower oil seed and cowpeas (N$5 million), and the horticulture support programme (N$10.2 million).

Livestock

Nearly N$131.6 million was budgeted in 2019/20 to improve livestock production.

The bulk of the budget – N$35 million – is earmarked for the construction of veterinary clinics, offices and accommodation. About N$24 million is available to improve animal health and marketing services in the North Central Areas (NAC), while some N$19.2 million will be spent on the development of a beef value chain in the NAC.

N$5 million will go towards the development of livestock breeding and marketing infrastructure in the communal areas, while about N$6.3 million is geared for small stock distribution and development in communal areas.

A total of N$17 million will be spent to construct the border fence between Namibia and Angola and to upgrade veterinary fences.

Similar News

 

The great unwind and calls for reforms, structural change

1 day - 19 July 2019 | Economics

Lazarus Shigwedha - Balance sheet recessions are the toughest to manage when they occur simultaneously with distressed debt conditions in the wider economy. During balance...

Zim public workers threaten strike over wages

2 days ago - 18 July 2019 | Economics

Nelson Banya - Zimbabwe's public workers on Tuesday said they would go on strike if the government failed to increase their wages to at least...

Africa Briefs

2 days ago - 18 July 2019 | Economics

Morocco urged to press ahead with dirham floatThe International Monetary Fund (IMF) reiterated on Tuesday its call on Morocco to move towards a greater exchange...

Lipton: Capitalism needs 'course correction'

2 days ago - 18 July 2019 | Economics

Paris - Rising anger at the increasing inequality blamed on globalisation calls for a change of directions, acting IMF chief David Lipton said Tuesday.But he...

Lagarde resigns, IMF hunt begins

2 days ago - 18 July 2019 | Economics

Washington - Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency...

Life compared to the Big Apple

3 days ago - 17 July 2019 | Economics

Jo-Maré Duddy – Consumers’ burden over the past 12 months has lightened somewhat compared to fellow shoppers elsewhere in Africa: Namibia is currently rated as...

Keeping up with the neighbours

3 days ago - 17 July 2019 | Economics

LuandaYou would need around US$2 535.97 in Windhoek to maintain the same standard of living that you can have with US$7 600 in Luanda, assuming...

Zim inflation almost doubles, stirring memories of economic chaos

3 days ago - 17 July 2019 | Economics

MacDonald Dzirutwe and Karin Strohecker - Prices of cooking oil and other basics soared in Zimbabwe as inflation nearly doubled in June, piling pressure on...

German investors turned off

3 days ago - 17 July 2019 | Economics

German Bundesrat (Federal Council) president Daniel Günther says German investors are ready to invest in Namibia, but policy uncertainties around wealth redistribution and property rights...

Refugees target global markets with luxury crafts

3 days ago - 17 July 2019 | Economics

Nita Bhalla - Rwandan refugee Anita Claudine knows the odds are stacked against her, but the fashion designer is unfazed in her ambition to one...

Latest News

Making employees feel at home...

1 day - 19 July 2019 | Business

Jonell Malan Human resource management is essentially the management of human resources (HR). It is a function in organisations designed to maximise employee performance in...

Fascinated by consumers

1 day - 19 July 2019 | Business

Evany van Wyk Rozanne van der Merwe comes across as being the epitome of female empowerment and friendliness. And this is exactly who she is....

No dazzling half-year for Namdeb

1 day - 19 July 2019 | Business

Jo-Maré DuddyNamdeb Holdings recorded its worst first half-year since 2016, with diamond production for the six months ended 30 June plummeting by nearly 22% compared...

Vulnerable and alone

1 day - 19 July 2019 | Social Issues

After an initial projection in 2008 that there would be 250 000 orphans and vulnerable children under the age of 15 by 2021, President Hage...

Zero cattle on offer at...

1 day - 19 July 2019 | Agriculture

The Oshana Regional Livestock Marketing Cooperative suspects that livestock prices have dropped so low because of the drought that farmers are no longer willing to...

Hope rekindled at Linus Shashipapo

1 day - 19 July 2019 | Education

Hope has been finally been rekindled that Linus Shashipapo Secondary School, which is currently in a sorry state, will be renovated.This comes after a tender...

Resilient and strong

1 day - 19 July 2019 | Business

Mariselle StofbergWith her tenacious attitude, collaborative nature and desire to always learn and draw from other people’s knowledge and experience, Leorine Waggie is clearly on...

Being unapologetically you

1 day - 19 July 2019 | Banking

Mariselle Stofberg Adriano Visagie went from playing in the dusty streets of Katutura to becoming a powerhouse in the entertainment industry and has created...

The great unwind and calls...

1 day - 19 July 2019 | Economics

Lazarus Shigwedha - Balance sheet recessions are the toughest to manage when they occur simultaneously with distressed debt conditions in the wider economy. During balance...

Load More