New Beginings… Agribank on Friday inaugurated its revamped Otjiwarongo office, a development that is meant to enhance customer in-branch experience and brand visibility, in line with the bank’s strategic plan. Otjozondjupa region lies at the centre of a highly-potential agricultural area of the country, which flourishes in both livestock and crop farming. 

As a key player in financing the transformation and expansion of agriculture in the country, Agribank has another office in Grootfontein in the same region in recognition of the business potential of the region in the agricultural space. In terms of the loan book statistics for the Otjozondjupa region, the region serves over 2 700 clients on the loan book of Agribank, of which the majority are from Otjiwarongo and surrounding areas. Otjozondjupa’s loan book stands at over N$1.1 billion.  Agribank Otjiwarongo office has financed over N$1.8 million to full-time communal farmers without collateral through the Emerging Retail Financing Product (ERFP).  The office also paid over N$10.7 million to 13 beneficiaries of the newly-introduced Women and Youth Loan scheme. Pictured are (from left) Bishop Wylie Upi (Agribank Otjiwarongo branch manager), Raphael Karuaihe (Agribank chief executive officer), Phanuel Kaapama (Agribank board member) Dagmar Honsbein (Deputy chairperson Agribank board), honourable James Uerikua (Governor: Otjozondjupa region), Gottlieb Shivute (Mayor of Otjiwarongo). Photo: Contributed