Namibia: Eos Capital launches agriculture fund

Namibian private equity fund manager Eos Capital aims to raise N$500 million (about $30.3 million) for its new Euphrates Agri Fund, according to a report by The Namibian.

The fund aims to build a diversified portfolio of Namibian agriculture assets.

In an earlier interview with Africa Private Equity News, Ekkehard Friedrich, a partner at Eos Capital, said opportunities exist for local production of perishable crops in Namibia. “Any goods that are not easily or economically transported lend themselves quite well to local production … Namibia is traditionally a net importer and perishable goods are particularly expensive due to high transportation costs. We are therefore looking at import substitution for a variety of agricultural produce,” he explained.

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