Cold Storage Port Facilities for Agri-Produce

Grassland, a prairie, a pampas, a pasture
Photo by kungfoofoto / Shutterstock
Cold Storage Port Facilities for Agri-Produce
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Develop cold storage facilities at the port of Walvis Bay (and others, as emerging) for agri-produce to create a temperature controlled supply chain.

Expected Impact

Position Namibia as a transshipment gateway providing high quality and affordable produce for Southern African Development Community (SADC) markets.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Namibia requires 12,500 tonnes of additional cold storage capacity to serve market potential.
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9) Zero Hunger (SDG 2)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12) Life Below Water (SDG 14)
Sector Sources
  • I) SDG Center for Africa and Sustainable Development Solutions Network, 2019, Africa SDG Index and Dashboards Report 2019, Kigali and New York: SDG Center for Africa and Sustainable Development Solutions Network, https://sdgcafrica.org/we-content/uploads/2019/06/SDGS_INDEX_REPORT_2019WEB.pdf. II) Republic of Namibia, National Planning Commission, 2017, Namibia's 5th National Development Plan (NDP5), https://www.npc.gov.na/?wpfb_dl=294. III) Martha Nangolo & Ndapwa Alweendo for Institute for Public Policy Research (IPPR), 2020, Democracy Report. Agriculture in Namibia: An Overview, https://ippr.org.na/wp-content/uploads/2020/02/Agriculture-in-Namibia-An-Overview.docx-10.pdf. IV) Republic of Namibia, National Planning Commission, 2018, Implementation of Sustainable Development Goals, Voluntary National Review, https://sustainabledevelopment.un.org/content/documents/19880New_Version_Full_Voluntary_National_Review_2018_single_1_Report.pdf. V) Republic of Namibia, National Planning Commission, 2018, Is Agricultural Productivity an engine for growth, https://www.npc.gov.na/?wpfb_dl=357. VI) DNA Economics, 2021, SAM Multiplier Analysis for the SDG study in Namibia, Six Capitals.
IOA Sources
  • 1) Port Economics, Management and Policy, 2020. Chapter 8.5 – Port Cold Chains, https://porteconomicsmanagement.org/pemp/contents/part8/port-cold-chains/#3_Reefer_Terminal_Facilities. 2) Republic of Namibia, National Planning Commission, 2017, Namibia's 5th National Development Plan (NDP5), https://www.npc.gov.na/?wpfb_dl=294. 3) Republic of Namibia, Ministry of Trade and Industry, Growth at Home, Namibia’s Execution Strategy for Industrialization, http://www.mti.gov.na/downloads/GrowthinNamibia.pdf. 4) FAO, 2016, Agroindustry Policy Brief 2, Developing the cold chain in the agri-food sector in sub-Saharan Africa, http://www.fao.org/3/a-i3950e.pdf. 5) Republic of Namibia, Namibia Statistics Agency, Namibia Census of Agriculture 2013/14, https://d3rp5jatom3eyn.cloudfront.net/cms/assets/documents/Namibia_Census_of_Agriculture_2013_14_Revised_Report.pdf. 6) The Research Department of the Bank of Namibia, 2017, 18th Annual Symposium: Feeding Namibia: Agricultural Productivity and Industrialisation, https://www.bon.com.na/CMSTemplates/Bon/Files/bon.com.na/52/52c35978-5912-4429-9052-3c8f5cc7971e.pdf. 7) EOS Capital, 2021, About EOS Capital, https://www.eoscapital.com.na. 8) Old Mutual, 2021, Investing in Infrastructure, https://www.oldmutual.com.na/old-mutual-investment-group/alternative-investments/midina. 9) Namibian Ports Authority (Namport), e-Newsletter, 5 March 2021, https://www.namport.com.na/news/907/Namport-e-Newsletter. 10) Namibian Ports Authority (Namport), 2021, Namport continues to be the preferred seaports in Africa, https://www.namport.com.na/news/907/Namport-e-Newsletter. 11) Monasa / UNDP interview with Meat Cooperation of Namibia Ltd for developing the Meatco Strategic Plan 2020-2025, 2019. 12) Development Bank of Namibia, 2020, Product Guide Sheet, https://www.dbn.com.na/phocadownload/DBN-Products-V2020.pdf. 13) National Food Security and Nutrition Council, 1995, Food and Nutrition Policy of Namibia, http://www.nafsan.org/wp-content/uploads/2020/08/National-Food-and-Nutrition-Policy-Namibia_1995.pdf. 14) Food Safety Policy, 2014, Republic of Namibia, https://www.atf.org.na/issues/article.php?blogID=27. 15) Cold Storage Works and Abattoirs Proclamation, 1921, Republic of Namibia, https://laws.parliament.na/annotated-laws-regulations/law-regulation.php?id=12. 16) Namibia Ports Authority Act, 1994, Republic of Namibia, https://laws.parliament.na/annotated-laws-regulations/law-regulation.php?id=199. 17) Atmospheric Pollution Prevention Ordinance 11, 1976, Republic of Namibia, https://laws.parliament.na/annotated-laws-regulations/law-regulation.php?id=430. 18) Walvis Bay Corridor Group, 2021, Walvis Bay Corridor Group: About us, http://www.wbcg.com.na. 19) Monasa / UNDP interview with the Ministry of Industrialisation and Trade (MIT), 2020. 20) Monasa / UNDP interview with Ministry of Industrialization and Trade, 2021.