Namibia: Agra Finally Goes Public

Agricultural retailer, Agra will officially convert from a cooperation to a limited company this Friday, 01 February.

The company, which started with a few farmers in the 1980s, now boasts of 4507 members. In its first three years, Agra's total turnover was said to be below N$100 million per year, but it has since grown to N$150 million per month while profit before tax stood at N$44 million in the last financial year.

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