Financial Results for the year 2016

Financial Results for the year - 2016


The budget for the 2016/17 financial year is challenging and testimony of management’s commitment to continuous growth and profitability. Agra implemented a strategy to diversify its business in non-agricultural investments to counteract the cyclical nature of agriculture with steady income streams that are not entirely dependent on the country’s weather conditions. The Agra board and management continuously evaluate and manage the risks associated with our business by means of a dynamic and regularly updated risk register.

Due to agriculture being an important part of Agra’s business, the Agra board of directors and its management carefully monitor the regulatory and business environment. The consequences of the drought, as well as other factors of concern will impact on Agra’s business for the years ahead. Agra’s business divisions are critically and continuously evaluated to ensure that they are profitable. New initiatives are proactively implemented to ensure sustainable business growth.

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Agra is rooted in the people of Namibia and as such, has always been focused on reinvestment into agricultural activities, which ultimately contribute towards the upliftment of Namibian communities. The Môreson Special School for the Cognitively Impaired, which caters for about 170 intellectually disabled learners from all over Namibia, is one of only two government schools in Namibia provi...

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