Namibia Berries plans to expand its blueberry project on the outskirts of Divundu to over 500 hectares within the next five to seven years.
The project, which covers over 1,000 hectares, is initially focusing on establishing a 200-hectare blueberry farm located along the Kavango River in Namibia.
This comes as Eos Capital, through its Euphrates Agri Fund, has acquired a 15% stake in Namibia Berries, strengthening the company’s growth trajectory.
Loxworth Capital, spearheading the initiative, stated that the partnership aims to significantly boost local blueberry production, contributing to Namibia’s agricultural sector and positioning the country as a key player in the global blueberry market.
“Over the next 5-7 years, the company aims to expand its operational area to over 500 hectares. This ambitious growth plan is expected to create up to 8,000 new jobs for the local community, with a focus on creating opportunities for women,” the venture said.
Michael Rodenburg, founder of Loxworth Capital, said the strategic partnership will not only accelerate the growth of Namibia Berries but also create meaningful opportunities for local communities.
“We are delighted to welcome Eos Capital as a new investor in Namibia Berries. Their commitment to sustainable growth in the agriculture sector aligns perfectly with our vision for the company’s expansion. This strategic partnership will not only accelerate the growth of Namibia Berries but also create meaningful opportunities for local communities,” he said.
To date, the project has created over 100 jobs and is expected to uplift local communities through the improvement of educational facilities, youth empowerment, food sustainability training, and various commercial developments.
“This investment will bring valuable employment opportunities to Divundu and help Namibia earn foreign currency through exports, aligning with Eos’ mission to use local capital to unlock value and deliver solid returns,” said Eos Capital Transaction Lead, Etuna Hango.
Namibia Berries is planning to invest N$1.5 billion over seven years into the project.
