Wheat and Maize Irrigation Scheme
Maize, wheat and mahangu are the main sources of staple food in the country. Maize and wheat are grown on commercial farms, while mahangu is grown in rural communal areas. Maize is processed as porridge, while wheat is made into flour for baked goods, and used in the manufacturing of pasta. Over the past years, the average annual production for maize and wheat has been lower than the average annual consumption. The difference between the market demand and local production has been imported. There is an opportunity to expand maize and wheat production, and uptake is assured as a license system is in place to ensure that local crops are used before imports can occur.
Project Overview
Rentel Farming Development plans to farm 120 ha wheat and maize as main crops. The project will utilise center pivot irrigation, extracting water from the Okavango River. The company will erect four 30 ha center pivots to put 120 ha under irrigation and plant maize in summer and wheat in winter. Land not covered by the center pivots will, at a later stage, be developed to produce fruit and vegetables. Rentel has invested own capital of NAD6 million to secure the 25 year lease, engineering designs, project plan, the EIA and clearing of land and erecting a fence.
Project Timeline Summary
Operations will commence once finance is secured.
Investment Opportunity
USD1.5 million or NAD20.8 million
NAD: USD= 13.5
Funding split |
USD |
NAD |
Debt share: |
771,000 |
10.4 million |
Equity share: 43% |
327,000 |
4.4 million |
Equity share: 43% |
444,000 |
6 million |
Contact:
Mr. Timo Rentel
Managing Director
Rentel Farming Development
Mobile: +264 81 856 1100
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Mooibome Vegetable Farming
More than half of the country’s population depends on subsistence farming as a livelihood. However, the contribution of agriculture to the country’s output has averaged below 5%, over the past decade. This leaves the country heavily dependent on food imports. The gap in the Namibian market lies in the shortage of fresh and locally produced food products. Mooibome Farm not only has sufficient water to irrigate an 88 ha field for a minimum of 20 years, it also has the correct type of soil to produce a variety of crops. It is estimated that a ha worth of sweet potatoes, which produces roughly 13 tonnes, could provide enough food for about 2,000 people per day. The Mooibome plot has the capacity to produce about 530 tonnes of crops, from just half the size of the 88 ha that have been cleared.
Project Overview
The project aims to sustainably grow fresh vegetables, grains and livestock fodder for the Namibian market. This will be done in an environmentally suitable manner and on a commercial scale, large enough to produce a minimum of 500 tonnes per harvest. The farming method to be used will include drip and pivot irrigation.
Project Timeline Summary
The preparation of the project started in June 2017. So far, 88 ha has been cleared and fenced. In November 2017 planting of maize, omahangu and cow peas was commenced with dependency on seasonal rainfall. The project is at this stage ready for investment in order to set up the equipment required to begin the extensive farming.
Investment Opportunity
USD400,000 or NAD4.7 million
NAD : USD= 13.5
Funding split |
USD |
NAD |
Namibian shareholder’s contribution |
60,500 |
715,000 |
Investment amount required |
400,000 |
4.7 million |
Deal Structure: 70: 30, negotiable |
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Revenue potential per season: USD 505,000 (NAD 6 million) |
Contact:
Mrs. Twiitileni Nyamu
Project Manager
Mooibome Vegetable Farming
Tel: +264 81 33 77 430
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.