An analysis of the importance of government contribution to the growth of Agricultural Bank of Namibia
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Date
2020
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Publisher
University of Namibia
Abstract
The study was in exploration on the impact of state contribution to the growth of
Agribank. The study was based on the one main objective which was to study the
impact of state contribution to Agribank and the whole agricultural sector. This
research applied an exploratory research design to tease information on the
contribution of the state to the growth of Agricultural Bank of Namibia. The
investigation on the impact of state contributions to the growth of Agribank was
carried out in using a quantitative research method. In order to attain the objective, the
structured questionnaires were designed following the specific objectives of the study.
Structured questionnaires were used to collect data from the participants. All ethical
clearance data necessary procedures were followed before the data was carried out and
permission was granted by the institution. The data was analyzed using SPSS and
content-based analysis. The objectives of the study were to find out the impact of the
state funding to Agribank on the bank's growth, the strategies that Agribank can
implement to grow the loan book and recommendations on how Agribank could use
the state funding to improve the agricultural sector in Namibia. The main findings of
the study were that the state has a positive impact on the growth of Agribank. A direct
relationship between the state funding and the Agricultural Bank of Namibia was
identified through the findings. However, variables such as poor management, delays
in approving loan applications as well as disbursement of funds to the client and lack
of a sound loan recovery system hinder the smooth process of funding. The
conclusions were that the growth of the Agribank depends on the state funding because
it increases the number of loans hence the growth of Agribank. Interest rates do not
really impact the growth of Agribank. The study came up with recommendations that
the state has to increase its funding to Agribank. Employees should be developed
regularly to be efficient in the discharge of their duties and to equip them with new
management skills. The challenges faced in the process of carrying out the study were
getting the participants to fill in questionnaire because they were always busy
Description
A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration Finance
Keywords
Agribank, State Funding, Interest Rates, Variables, Quantitative, Qualitative, Farmers, Namibia, University of Namibia