Namibia’s cattle industry worth N$4.6 billion

Namibia’s cattle sector is worth N$4.6 billion (about US$310 million) and there are opportunities for value addition, the World Bank and the International Finance Corporation (IFC) said in a private sector diagnostic report, reported the Namibian newspaper The Sun on July 20. Na is a net exporter of beef, with about 85 percent of exported meat (N$2.6 billion) going to South Africa, the European Union, Norway, Russia, China and Angola, and the rest to other African and emerging market countries, according to the report.Namibia was the world’s 26th largest exporter of beef in 2017. The report states that the livestock sector should be enhanced in the global value chain by addressing production constraints, maintaining export quality, promoting product diversification and local value-added investments, increasing resilience to climate change, developing market diversification strategies by addressing non-tariff and logistics barriers, using the continent’s FTA agreement to access other African and Middle Eastern markets, and establishing a strategic partnership with Botswana to improve the value chain competitiveness and support inclusive and green growth in the sector.

Source: Economic and Commercial Section, Embassy of the Republic of Namibia

Post time: Aug-01-2022