Incentives for bush thinning initiatives

Draytone Tribune

Incentives for bush thinning initiatives

There are very few financial products available for bush thinning and bush control intiatives in Namibia. To date,  two commercial banks, namely Standard bank and First National Bank and two developmental financing institution, namely Development Bank of Namibia and Agribank offers tailor-made financial products for individuals, communal, resettled and commercial farmers. The funding institutions provide funds in the form of grants or loans and can be explored beyond bush thinning activities to value added products made of the encroacher bush. A 2015 study by Business Financial Solutions identified the bottlenecks associated with access to financing for bush based value chain and recommended five strategic interventions to unlock the encroacher bush value chains. These interventions include the introduction of subsidy schemes, development of biomass markets and supporting research, development in harvesting and product development and strengthening institutional capacities.  Furthermore, the study concluded that the financial industry has shown readiness to improve their current offerings, specifically with regard to the pricing of the financial products and the collateral required.

Download the brochure here to find out more on financing bush thinning activities.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu