Meatco to generate N$265 million after early utilisation of Norwegian quota

HomeFeaturesNational News

Meatco to generate N$265 million after early utilisation of Norwegian quota

MTC, Telecom awarded N$42 million to  boost rural connectivity
Namibia’s economy grows by N$4 billion in three months
Namibia to serve as vice president of International civil aviation body

STAFF WRITER

The Meat Corporation of Namibia, (Meatco) says they will generate about N$265 million after fully  utilising the 2026 Norwegian beef export quota allocated to them five months earlier as compared to last year.

Last year the company only utilized their full quota by  November.

The company said they  have also secured an additional 344,766 kilograms through a Government-to-Government arrangement with Botswana under the Southern African Customs Union–European Free Trade Association (SACU-EFTA)quota-sharing framework.

 The additional allocation is expected to generate a further approximately N$100 million, bringing the combined projected value of Meatco’s Norwegian exports during the 2026 calendar year to approximately N$365 million.

Meatco Interim Chief Executive Officer, Ambassador Albertus Aochamub, said utilising our Norwegian quota by June is a significant milestone for Namibia’s beef industry and demonstrates the continued confidence that international customers place in premium Namibian beef.

“ It also reflects Meatco’s stronger commercial execution and our focus on maximising value from premium export markets. We welcome the agreement between the Governments of Namibia and Botswana, which enables Namibia to further benefit from this important market, and we are committed to fully utilising the additional allocation before 31 December 2026,” he said”

Aochamub expressed appreciation to the Governments of Namibia and Botswana for facilitating the arrangement.

” We also acknowledge the Ministry of International Relations and Trade, together with all Government institutions involved, for their leadership in securing this additional export opportunity. We further thank the Botswana Meat Commission for its cooperation in implementing the arrangement.”

 

Meatco said the milestone   reflects growing international demand for premium Namibian beef, strengthened customer confidence and continued improvements in Meatco’s commercial execution and market development. 

The country’s annual Norwegian beef quota is shared between Meatco (75%) and Beefcor (25%). 



COMMENTS

WORDPRESS: 0
DISQUS: