Agribank North South Incentive Scheme (NSIS) Namibia : Agricultural Bank

Name of the Organization : The Agricultural Bank of Namibia
Type of Facility : North South Incentive Scheme (NSIS)
Country : Namibia

Website : https://agribank.com.na/

North South Incentive Scheme :

Cabinet approved the scheme in 1999 to mitigate veterinary restrictions imposed on the movement of cattle north of the Veterinary Cordon Fence (VCF).

Related : Agricultural Bank Affirmative Action Loan Scheme Namibia : www.statusin.org/6659.html

Farmers who are participating in the Affirmative Action Loan Scheme (AALS) and who are farming north of the VCF, qualify to apply for additional assistance under the N-SIS. The objective of this scheme is to accord farmers north of the VCF the opportunity to resettle on commercial farms south of the VCF. Farmers are required to dispose their cattle through slaughtering at a registered abattoir and /or a recognized abattoir entrepreneur, except for stud bulls of outstanding quality.

Proceeds from such sales will then be complimented from the N-SIS budget to purchase an equivalent number of disease free cattle south of the VCF, to be used on the newly acquired farm. The minimum number of cattle that can be subsidized is 150 and limited to 70% of the official carrying capacity of the farm, a maximum of 400 cattle.

However, the actual amount of subsidy payable per head of cattle will be calculated as the difference between the proceeds of the cattle sold and the purchase price of animals bought south of the VCF. Should the price of the cattle bought south of the VCF be less than the proceeds, no subsidy will be payable and the amount paid over by the abattoir and/or recognized abattoir entrepreneur to Agribank, will be forwarded to the applicant.

Contact us for further information :
Product Enquiries:
Mr. John Ntemwa:
Business Consultant
Caprivi Branch
MAIL: jntemwa [AT] agribank.com.na
TEL : 066252060/2

Mr. Dusken Manyando Mungalisa:
Sales & Services Consultant
Rundu branch
MAIL: dmungalisa [AT] agribank.com.na
TEL: 066255113

Mr. Jonathan Maharero:
Sales and Services Consultant
Southern branch(mariental)
MAIL: jmaharero [AT] agribank.com.na
TEL: 063 242734

Mrs. Maureen Kamerika:
Sales & Servises Consultant
Otjoreku branch (otjiwarongo)
MAIL: mkamerika [AT] agribank.com.na
TEL: 067304497

Mr. Frans Arnold Nanuseb:
Sales & Services Consultant
Otjoreku branch (otjiwarongo)
MAIL: fnanuseb [AT] agribank.com.na
TEL: 067-304497

Mr. Evans Simbuwa Mwangala:
Sales & Services Consultant
Oshakati branch
MAIL: emwangala [AT] agribank.com.na
TEL: 264 65 22 1113

Mr. Innocent Kwenani Simasiku:
Business Consultant
Midland branch
MAIL: isimasiku [AT] agribank.com.na
TEL: 061207 4261

Mr. Mekupi Hengari:
Consultant
Midland branch
MAIL: mhengari [AT] agribank.com.na
TEL: 0612074281

About Us :
Agribank is a State-Owned Enterprise with the mandate to promote the growth and development of agriculture through affordable and innovative financing. Agribank has been operating in Namibia for over 25 years.

Agribank Act No. 5/2003, as amended, provide the legal framework for regulating the business of the bank and to expand the business operations to be responsive to the changing environment. The Act mandates Agribank to advance money to persons or financial intermediaries to promote agriculture and activities related to agriculture.