Agribank continues to support local agri-exhibitions
The Agricultural Bank of Namibia (AgriBank) has stated that it provides sponsorships for the support of local agriculture shows and exhibitions countrywide.
The financier recently stressed this in a statement, adding that it believes that support for such events does not only promote brand visibility, and generate sales leads but it also serves as a platform for farmers and all stakeholders across the value chain to share information to improve productivity and sustainability of the agriculture sector.
‘The shows and fairs provide an opportunity for farmers to market their products and generate income and for other players across the value chain to showcase inputs, services, technologies, and innovations necessary for the growth and development of the sector and the economy at large,” the bank said.
“Through this avenue, the bank is plowing back to the community while also stimulating business activities in the agriculture industry and the country at large.”
For the past three financial years, the bank spent an amount of N$1.066 million on its corporate social responsibility.
The investments focused mainly on supporting livestock auctions, horticulture production,
agro-processing, and farmers’ support services. The social responsibility support was not only provided to agricultural shows and exhibitions, but a substantial amount also went into agricultural projects and initiatives such as community and school gardens.
In addition, industry partners such as farmers’ unions, consortiums, congresses, and cooperatives also formed part of the beneficiaries of the corporate social responsibility fund of Agribank.
Meanwhile, the bank said it is always inundated with requests for support and sponsorship from various institutions and groups adding that it looks for strategic agriculture events and projects for possible support and sponsorship, in line with its policy and procedures.
