By EPN Reporter
MBABANE – The National Agricultural Marketing Board (NAMBoard) traders are urged to update their accounts by the parastatal.
The update, according to the parastatal, is done to improve operational efficiency in the Trade and Regulation Unit of the organisation. All traders are requested to ensure that their contact details and debtor balance accounts are up to date.
The traders should have updated their accounts by the end of the present financial year, which ends on March 31, 2024. Traders who have not yet updated their accounts are encouraged by NAMBoard to visit its head offices in Manzini, at the corner of Masalesikhundleni and Mbhabha Street to update their contact details and accounts with the finance department of the parastatal.
From April 1, 2024 (the start of the 2024/25 financial year), traders whose account balances would still be in arrears would not have their permits renewed. They will be required to make upfront payments before their permits can be renewed.
Applications for renewals and permits by traders with updated particulars and financial records can be sent electronically. Permits will be issued timeously upon receipt of proof of payment. Alternatively, hard copies can be collected at the head offices of the parastatal.
The trade and regulation unit at NAMBoard is responsible for monitoring, researching, and analysing the trade of scheduled products in the country. It is a resource centre for trade statistics and economic policy research information for scheduled products. The purpose of this unit is to facilitate the implementation of statutory measures or the regulation of scheduled agricultural products.
This is a function that strengthens the local trade of agricultural products and amplifies the processes intended to promote the growth and efficiency of the marketing of agricultural products in the country. Through on-going stakeholder engagement with traders, vendors, farmers, processors, retailers, and consumers, NAMBoard believes it can execute decisions that create fair trade environment for all value chain players.
