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Namibian project to boost grape, date production
The ORIP could potentially generate N$13 million in profit for AGRISBUSDEV come 2016.
The expansion of ORIP will generate an estimated 37.8.million come 2019 from grape production alone. 30 % of profits from ORIP will be reinvested into the project while the rest will go towards financing AGRIBUSDEV operations.
The Minister of Agriculture, Water and Forestry, John Mutorwa said at the launch of the AGRIBUSDEV Strategy for 2015 to 2020 that the document outlines the country’s plan for food security at household and national levels in line with the Ministry’s Strategic Plan, Growth at Home Strategy and the Industrialization Policy document.
50 km from Noordoewer in the //Karas Regions, the ORIP which produces mostly high commercial value table grapes and dates for export markets could potentially generate sufficient income for AGRIBUSDEV to subsidise its total cost of operation.
The project is currently being managed through a Profit-sharing Agreement between the Ministry of Agriculture, Water and Forestry and Cool Fresh Namibia (Pty) Ltd.
This agreement will likely be terminated in favour of AGRIBUSDEV, allowing it to manage the 600 hectares with 232 hectares currently under irrigation. Small-scale farmers occupy 80 hectares.
Currently infrastructure upgrade and maintenance of the projects will cost AGRIBUSDEV N$9 million, with a further N$70,0000 to procure new machinery and implements.
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Other news in this sector:
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