By: Nghiinomenwa-vali Hangala
For the financial year of 2024/2025, which ended in January last year, Meatco has paid N$1.2 billion to local producers (cattle suppliers) from the south and north of the redline, according to an update from the entity.
The update goes on to state that N$1.1 billion was paid to the cattle producers south of the red line for supplying the corporation with 75,268 head of cattle. Those on the northern side of the redline were paid N$76 million for supplying Meatco with 7,844 cattle.
The cattle were slaughtered for beef exports and local consumption. At the same time, for the production of hides, which are mostly exported.
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