The actors of the beef sector in Namibia, grouped within the BVCF (Beef Value Chain Actors Forum), have launched a fundraiser of up to 146 million Namibian dollars (8.7 million dollars) to finance construction of a red meat processing plant.
The money is collected from 549 producers. It represents 73% of the total financing necessary for the realization of the said project estimated at 12 million dollars.
“Savanna Beef Processors Limited” is the name given to the processing unit which will be dedicated to export and aims to increase the processing rate of livestock and strengthen the addition of value in the sector.
Namibia is the leading producer and exporter of beef in Africa. However, “only 25% of animal products marketed in 2021 were processed at local slaughterhouse level”, according to official figures. Each year, the country exports 30,000 tonnes of beef, 60% of which goes to South Africa.
According to the Beef Value Chain Stakeholder Forum, “the closing of the mobilization phase of the rest of the financing” will be effective this year.
