Standard Bank Namibia has provided N$40 million in funding to Namibia Berries, a large-scale blueberry farming project near Divundu in the Kavango East region.
The bank said the financing is split equally between working capital and capital expenditure.
Namibia Berries aims to develop over 500 hectares of blueberries in four phases. Currently, 90 hectares are under production, with a further 30 hectares being prepared.
The project was launched in 2021 and has already attracted over N$200 million in shareholder investment. Phase 1(b) was completed in January 2025.
“Namibia is our home; we drive her growth. This investment reflects our commitment to enabling sustainable economic growth through partnerships that deliver long-term impact,” said Gerhard Mukuahima, Head of Agribusiness at Standard Bank Namibia.
The farm is focused on producing export-grade fruit and includes a cooling facility to ensure post-harvest handling meets international standards.
It also runs training and skills development programmes for local workers, and places strong emphasis on sustainable practices, including water management and community engagement.
Once fully developed, the project is expected to cost more than N$1 billion.
