The Meat Corporation of Namibia (MeatCo) is on its knees and calling for intervention to save its market share.

Chief Executive Officer Mwilima Mushokobanji says the state-owned entity has been grappling with a massive fall in its market share owing to the underutilization of its abattoirs.

The Kavango East and West regional councils are happy with the prospects of livestock marketing following the opening of the Rundu Abattoir.

The Meat Cooperation of Namibia's bid to manage the government abattoir was successful, and it is currently testing slaughter at the facility.

MeatCo says it has introduced a number of reforms and restructuring to remain afloat, despite natural calamities which affected the livestock sector.

Meatco has introduced strategies to improve its performance and income by exploring new export markets for the country's meat and meat products.

The state-owned company has been swimming in debt over the last few years and has been operating mainly on bank overdrafts.