WINDHOEK – The Namibian Agronomic Board (NAB) has reported a robust financial performance for the year ended March 31, 2025, posting a surplus of N$152.3 million (approximately $8.0 million).
The result represents a significant 41% increase from the N$107.6 million recorded in the previous financial year, underscoring a period of aggressive revenue collection and stringent cost management for the state-owned regulator.
The uptick in the Board’s bottom line was primarily fuelled by a surge in agricultural levies, a byproduct of increased trade volumes alongside high-performing investment returns and a commitment to budget discipline.
Total income for the period climbed to N$262.9 million, as the Board capitalised on favourable interest rates and sustained returns on its fixed deposits, which bolstered its broader investment portfolio to N$420.5 million.
In a move to insulate the sector against the region’s volatile climate, the NAB has already committed a portion of these gains to its strategic reserves. Specifically, N$19 million was earmarked for the Crop Disaster Fund and the Crop Value Chain Development Fund.
This allocation is designed to provide a financial cushion for farmers facing climate-induced shocks while simultaneously funding infrastructure and innovation projects meant to reduce the nation’s reliance on food imports.
Dr Fidelis Mwazi, Chief Executive Officer of the NAB, hailed the results as a reflection of the organisation’s evolving role as both a regulator and a market enabler. “The improved outcome reflects continued growth in levy income driven by higher import volumes, combined with strong investment performance and effective cost management,” Dr Mwazi stated.
He further noted that the board’s unqualified audit opinion from the Auditor-General reaffirms its commitment to “transparency, sound financial management, and compliance” at a time when agricultural self-sufficiency is a top national priority.
The surplus arrives as the NAB prepares to roll out its “Crop Value Chain Development Strategy 2025–2030”, a blueprint aimed at transforming Namibia into a green economy.
With a healthy balance sheet and newly fortified resilience funds, the Board is positioning itself to lead the transition from subsistence farming to high-value industrial crop production, focusing on key commodities like white maize, wheat, and high-value horticulture.
