Invest International backs Namibia Berries
The financing will support the growth of a blueberry project along the Kavango River.
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Invest International, the Dutch development finance institution, has extended a €15 million investment loan to Namibia Berries to support the expansion of its blueberry farm along the Kavango River in north-eastern Namibia.
Namibia Berries exported its first harvest last year to markets including Southeast Asia, the Middle East, Germany and the Netherlands. Over time, a significant portion of its exports is expected to be routed through the Port of Rotterdam, with 32% of the project’s procurement sourced from Dutch suppliers.
The financing was made possible with the support of Loxworth Capital, a Netherlands-based strategic investment company and major shareholder in Namibia Berries. Gemüsering Stuttgart GmbH, a long-standing strategic partner of the company, is also involved in the project.
“This partnership with Invest International enables us to build a resilient, world-class blueberry operation that benefits local communities through job creation and skills development, while helping to build a stronger agricultural sector in Namibia,” says Michael Rodenburg, CEO of Namibia Berries and founder of Loxworth Capital.
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