Employees of MeatCo staged a demonstration demanding improved conditions of employment.

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 Meatco co-opted board member Shiwana Ndeunyema says the meat corporation is struggling to produce sufficient meat to ensure increased profits.

Ndeunyema addressed the opening ceremony of Meatco's 'Meat Markets Africa' shop at Kuisebmond in Walvis Bay.

The Black Business Leadership Network of Namibia (BBLNN) is against the idea of closing down the Meat Corporation of Namibia (MeatCo), citing favoritism of white-owned businesses and a flawed constitution.

The Livestock Producers Organization has expressed dismay at media reports accusing "white commercial farmers" of wanting to see the demise of MeatCo.

The organization has called for an urgent investigation into these allegations.

Meatco will construct an auction kraal at Eiseb 10 for farmers in the area.

This was revealed by the company's Chief Executive Officer, Mwilima Mushokobanji, who is on a familiarization visit to Eiseb Block and Gam areas to meet with farmers.

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

Inadequate markets for livestock in the Northern Communal Areas still pose a serious challenge to farmers within the Red Line.

The Namibian National Farmers Union's Executive Officer, Kuniberth Shamathe, says weaner buyers are offering low prices to producers across the country.

The police in Kavango West are investigating a stock theft case suspected to involve Meatco officials.

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.