Key points drawn from coverage. Tap a point to see the original sentence.
May 2026
Windhoek Observer
Meatco interim chief executive officer Albertus Aochamubsaidthe transition is focused on protecting producers and maintaining stability in the sector
Source
“Meatco interim chief executive officer Albertus Aochamub said the transition is focused on protecting producers and maintaining stability in the sector.”
Albertus Aochamubis accused ofhaving conflicts of interest in dealership arrangement
Source
“Allegations of conflicts of interest were also raised regarding a dealership arrangement, with workers claiming: "Meatco is offering this client a 5% discount not offered to other marketing clients . . . we strongly believe the interim chief executive and chief financial officer are highly conflicted."”
Albertus Aochamubisinterim CEO of the Meat Corporation of Namibia
Source
“*Albertus Aochamub is the interim CEO of the Meat Corporation of Namibia and a former Namibian ambassador to France, Spain, Portugal, Monaco and Italy.”
Meatco interim chief executive Albertus Aochamubsays in statementNamibia is moving decisively into premium beef segment
Source
“"This is more than a processing milestone; it is a statement of intent. Namibia is not just participating in global beef markets, we are moving decisively into the premium segment where value, not volume, defines success," Meatco interim chief executive Albertus Aochamub says in a statement.”
Meatco interim chief executive Albertus Aochamubunderscoredstrategic importance of aligning investment with Namibia's agricultural and industrialisation objectives
Source
“Meatco interim chief executive Albertus Aochamub underscored the strategic importance of aligning investment with Namibia's long-term agricultural and industrialisation objectives.”
Aochamubsaid engagement signalsshift from dialogue to delivery, mobilising development finance to unlock Namibia's livestock value chain
Source
“"This engagement signals a shift from dialogue to delivery, mobilising development finance to unlock Namibia's full livestock value chain," Aochamub says.”
Meatco's Interim Chief Executive Officer, Ambassador Albertus Aochamubhighlightedthe importance of strengthening collaboration between industry and academic institutions
Source
“Meatco's Interim Chief Executive Officer, Ambassador Albertus Aochamub, highlighted the importance of strengthening collaboration between industry and academic institutions to develop a skilled workforce capable of driving Namibia's economic growth.”
Meatco is pursuing a civil lawsuit against former CEO Patrick Liebenberg, demanding repayment of N$7.5 million allegedly misappropriated through fictitious cattle sales and other transactions between 2024 and 2025. Liebenberg has filed an irregular exception application arguing the claim documents are defective and vague, which Meatco opposes as filed late.
Meatco is pursuing a civil lawsuit against former CEO Patrick Liebenberg, demanding repayment of N$7.5 million allegedly misappropriated through fictitious cattle sales and other transactions between 2024 and 2025. Liebenberg has filed an irregular exception application arguing the claim documents are defective and vague, which Meatco opposes as filed late.
The Meat Corporation of Namibia fully used its 2026 Norwegian beef export quota by the end of June and secured an additional 344,766kg through a government-to-government arrangement with Botswana under the Sacu-Efta quota-sharing framework, expected to generate approximately N$100 million. Combined with the original allocation's estimated N$265 million, Meatco's Norwegian beef exports for 2026 are valued at approximately N$365 million.
Meatco has secured an additional 344,766-kilogram beef export quota to Norway through a quota-sharing arrangement with Botswana under the SACU-EFTA framework, after exhausting its initial 2026 allocation by end of June. The additional allocation is projected to generate N$100 million in export earnings, potentially bringing Meatco's total Norwegian exports for 2026 to N$365 million.
Namibia has secured an additional Norwegian beef quota of 344,766 kilograms through a government-to-government arrangement with Botswana, expected to generate approximately N$100 million in additional revenue. Combined with the initial 2026 allocation, Meatco's projected Norwegian exports for 2026 are valued at approximately N$365 million.
Meatco's revenue fell from N$1.865 billion to N$1.108 billion in the 2025/26 financial year due to a cattle shortage that reduced slaughter numbers by 53%, though the corporation remained profitable with N$40.5 million after-tax profit.
Meatco recorded a profit after tax of N$40.5 million and improved its balance sheet despite processing 53% fewer cattle than the previous financial year, according to its audited Annual Financial Statements for the year ended 31 January 2026, as Namibia faces a historic decline in cattle supply following years of drought.
Prime Minister Dr Elijah Ngurare expressed strong support for Meatco's recovery and growth strategy during a visit to the corporation's Windhoek Abattoir, reaffirming government commitment to strengthening Namibia's livestock industry and expanding value addition. The Prime Minister noted encouraging progress, including completion of Namibia's 2026 Norwegian beef export quota by June 2026, return to profitability, and livestock procurement of approximately 29,000 cattle by mid-July 2026 toward a target of 50,000 by February 2027.
Meatco and the Namibia Food and Allied Workers Union have finalised wage negotiations, with employees receiving a 5% salary increase and N$200 monthly housing allowance rise in 2026/2027, followed by a 6.5% salary increase in 2027/2028 with no changes to housing or cold allowances.
Meatco's operational agreement with Zambezi Meat Corporation expires on 15 April 2026, prompting the company to wind down operations at the Katima Mulilo abattoir. The transition period runs from 16 April to 30 June 2026, during which Meatco will scale down operations in a controlled manner while honouring obligations to local producers and suppliers.
Meatco will progressively reduce operations at the Katima Mulilo abattoir following the expiry of its agreement with Zambezi Meat Corporation, with a transitional exit plan running from 16 April to 30 June 2026. The transition includes inventory verification, halting cattle procurement, and reducing stock levels as part of Meatco's broader turnaround strategy.
Meatco has announced a structured exit from Katima Mulilo Abattoir operations following the contractual expiry of its Memorandum of Agreement with Zambezi Meat Corporation on 15 April 2026. The company will implement a transitional plan from mid-April to 30 June 2026, during which it will progressively scale down operations including inventory verification and gradual reduction of stock levels.
Meatco employees presented a petition demanding salary increases, citing delayed wage proposals and company profitability, and threatening indefinite industrial action if demands are ignored. The petition also raises concerns about board leadership, executive spending, and alleged conflicts of interest.
The Meat Corporation of Namibia exported 45.2% of its Norway beef quota (521 017.59kg of 1.1 million kg) by 17 April, the company's strongest start to the year in recent memory. The faster uptake is attributed to strong demand in the Norwegian market and improved planning and commercial execution at Meatco.
An opinion piece argues that Namibia should adopt threshold-based export controls and minimum value-retention standards for livestock, mirroring the Namibia Agronomic Board's successful approach to protecting domestic horticulture. The author contends that processing cattle domestically would retain jobs, foreign exchange, and economic value rather than exporting live animals unprocessed.
An opinion piece argues that Namibia should adopt value-retention policies for the livestock sector, similar to its successful Namibia Agronomic Board approach for horticulture, to encourage domestic processing and capture more economic value rather than exporting unprocessed cattle. The author proposes threshold-based export controls, minimum weight restrictions for exported animals, and export levies to fund local industry development.
Savanna Beef Processors, recently granted an export certificate, will send its first beef consignment to the United Kingdom, EU, and EFTA countries through Walvis Bay at the end of April, exporting matured deboned chilled/frozen beef cuts. The producer-owned facility aims to add value to Namibian livestock production and retain weaners domestically rather than see them exported live to South African feedlots.
The Meat Corporation of Namibia has begun processing Wagyu cattle for export to premium global markets, including high-end restaurants in Europe. The move aims to position Namibian beef producers in high-value segments through advanced quality assurance, traceability systems, and compliance with international standards.
Meatco held talks with the Arab Bank for Economic Development in Africa to explore investment and financing opportunities for strengthening Namibia's beef exports and food security. The parastatal presented three priority projects: reviving a small stock abattoir, extending tannery operations for local beneficiation, and reactivating cannery operations with modernised technology.
Growing live cattle exports to Mauritius are diverting slaughter-ready animals from Namibia's value-added export chains to premium markets like Norway, the EU, and the US, risking underutilisation of domestic abattoirs and export quotas. The Meat Corporation of Namibia's interim CEO argues that while live exports offer farmers immediate payment and market diversification, unchecked large-scale exports could erode Namibia's reputation as a premium supplier and proposes a calibrated levy and better coordination between government, producers, and processors to balance immediate returns with long-term national value.
Meatco has hosted first-year students from NUST's Bachelor of Procurement and Supply Chain Management programme for a research visit to gain practical experience in livestock and agro-processing operations. The initiative, which included interaction with Meatco's Marketing, Logistics, and Value Addition teams, is part of efforts to develop skilled professionals for Namibia's agricultural sector.
The Meat Corporation of Namibia has enrolled 19 interns from various training institutions in a six-month workplace programme running from October 2025 to March 2026, part of the government's National Development Plan 6 and internship initiative to build youth skills in the livestock and meat industry.
Meat Corporation of Namibia has enrolled 19 interns from various tertiary and vocational institutions in a six-month placement programme (October 2025–March 2026) aimed at developing skills in the red meat industry and supporting government's National Development Plan 6. The interns gain practical workplace experience across technical, operational and managerial roles while receiving a monthly allowance.
Meatco's export abattoir has retained an A+ equivalent grade under the Brand Reputation through Compliance Global Standards (BRCGS) certification system, one of the world's most widely recognised food safety programmes. The accreditation is essential for Meatco to maintain access to premium international markets and strengthens Namibia's reputation as a trusted supplier of premium beef.
Former Meat Corporation of Namibia acting chief executive Patrick Liebenberg faces 26 disciplinary charges, including allegations of misappropriating over N$5.5 million and fraud linked to 900 missing cattle. The charges include forging agreements, falsifying livestock records, and instructing staff to move cattle during an audit to mislead auditors, with Meatco also filing a High Court case against him.
The Meat Corporation of Namibia has recorded a significant financial turnaround, with group revenue rising to N$1.865 billion and an operating profit before tax of approximately N$106 million, marking recovery from five consecutive years of losses following implementation of a Turnaround Plan approved in November 2024.
Meat Corporation of Namibia has returned to profitability with group revenue increasing to N$1.865 billion and an operating profit before tax of approximately N$106 million for the year ended 31 January 2025, compared to a N$150 million loss in the prior period. The corporation attributes the turnaround to reforms in governance and accountability under its Board-approved Turnaround Plan, with audited results to be formally presented at the AGM scheduled for 20 February 2026.
An opinion piece argues that Namibia's red meat industry should be designated as a strategic sector under the proposed investment promotion and facilitation bill, positioning it as central to national development objectives including employment creation, value addition, and industrial transformation. The author contends that structured investment frameworks and performance agreements can unlock downstream value in processing and leather beneficiation while ensuring foreign capital complements domestic participation.
In an opinion piece, Ambassador Albertus Aochamub argues that Namibia's proposed Investment Promotion and Facilitation Bill should designate the red meat industry as a strategic sector to unlock value addition, job creation and rural development. He contends that performance-based investment agreements and structured partnerships through Meatco can align foreign and domestic investment with national development objectives while strengthening investor confidence through regulatory clarity.
An opinion piece argues that Namibia's proposed Investment Promotion and Facilitation Bill should treat the red meat industry as strategic, enabling value addition, rural development, and coordination with domestic enterprises like Meatco through performance agreements and joint venture requirements.
The Namibian Government has released N$30 million in outstanding payments to livestock producers through Meatco, according to an announcement by the Office of the Prime Minister on 27 January 2026. The settlement provides relief to producers affected by severe drought and supports Meatco's turnaround plan and efforts to rebuild trust across the red meat value chain.