Business Reporter
THE Meat Corporation of Namibia (Meatco) has announced that the Namibian Government, under the leadership of the Office of the Prime Minister, has honoured outstanding payments owed to livestock producers.
Rosa Thobias, Head of Corporate Affairs at Meatco, said that the Ministry of Agriculture, Fisheries, Water and Land Reform confirmed the release of the funds on 27 January 2026.
Thobias stated that the intervention brings timely relief to producers who have borne the brunt of one of the most severe droughts in recent years, and reinforces Government’s commitment to safeguarding livelihoods, food security, and the resilience of Namibia’s agricultural sector.
Meatco Interim Chief Executive Officer (CEO), Ambassador Albertus Aochamub, said that the settlement of these outstanding payments is not only an important financial milestone for producers, but also a confidence-building measure for the broader red meat value chain.
“It reinforces trust at a time when restoring credibility, predictability, and partnership is central to Meatco’s recovery journey. As Meatco continues to implement its Board-approved Turnaround Plan through to 2027, rebuilding trust with producers, Government, financiers, employees, and trading partners remains a strategic priority. Timely settlement of producer obligations is a cornerstone of this effort, alongside strengthened governance, financial discipline, and operational focus,” Aochamub said.
He concluded by stating that Meatco reaffirms its commitment to working closely with Government and all stakeholders to stabilise and grow the red meat industry, support both communal and commercial producers, and ensure that Meatco fulfils its developmental and commercial mandate in a sustainable manner.
“The Corporation views this moment as an opportunity to reset relationships, reinforce accountability, and move forward together in rebuilding a resilient and inclusive livestock economy for Namibia,” Aochamub added.
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