WHY is it that students from the most fertile regions study administration and not farming? This is one of the fundamental questions
"We need to ensure that the agriculture sector is professional, to attract funding," he said.
According to Capelao, when the sector is formalised, even the banking sector would back the agricultural sector which has not featured much in their prominently funded sectors.
In an exclusive interview with The Namibian last Friday, Capelao said agriculture is one of the most vital sectors of the Namibian economy, which has the potential to return the economy to a certain level of positive growth.
"One would see that in a good year for agriculture, unemployment drops, and in a bad year, it increases," he said.
He added that the fishing sector is equally important, and the return of good prices for minerals provides further possibilities for the country to bounce back economically.
Despite its importance, the agriculture sector does not feature much in
Other banks are also absent in the sector. According to the
A quick scan of emerging farmers in
Early last year,
It is reported that only 2% of
"Agricultural transformation will need dedicated people with the right knowledge and skills," Adesina said at the time.
The group, which includes FNB, Outsurance Namibia, RMB Investments and Ashburton Investments, alongside other companies, reported operating income of N$3,6 billion. Operating profit was at N$1,5 billion.
Capealo said despite the low interest rate environment, digital banking channels pushed volumes in the year ending
He said the pandemic has accelerated the adoption of digital banking in
Capelao is hopeful of a recovery, especially with the vaccine dividend driving global recovery.
"Vaccinated tourists are more likely to travel as the economies open up, and we also can again export to other countries. All is not lost, growing vaccination levels will pull us out of this one," he said.
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