The drought that plagued Namibia over the last two years has had dire consequences for the nation’s agricultural sector. However, the rains received in 2020 have restored hope. The Namibian table grape producers expect a bumper harvest in 2020. The country expects to export about 7.4 million cartons, compared to 6 million exported last year.
Agribank’s Indileni Nanghonga, who compiled a report on the issue, noted there is a need for innovative financing in the Agricultural sector, as purported by the recent agricultural conference under the theme ‘Maximising Agricultural Potential for Namibia’s Development’.
She said the conference placed emphasis on tackling the current challenges faced by the sector through the deployment of technology and modern agricultural methods in the context of smart agriculture in Namibia.
“Agribank stressed that innovative financing is directed by innovative, bankable business ideas whilst improving the infrastructure such as roads and utilities to ease the challenges of doing business,” she told neweralive.na.
Namibia is one of the most vulnerable countries to the effects of climate change due to the aridity to most parts of the country. Events resulting from climate changes such as droughts drive the majority of the population to poverty when they occur.
Drought spells have become a common feature in Namibia. In 2019, another drought hit Namibia and several resultant impacts made the news.