Namibia Berries is a company of Loxworth Capital, based in Saudi Arabia.Horti Daily | 10 July 2025Standard Bank backs blueberry farming with N$40 million investment
Standard Bank Namibia has invested N$40 million into a large-scale blueberry farming initiative as part of its strategy to support sustainable agriculture and economic growth in Namibia. This investment aligns with the bank's commitment to transforming the country's agricultural sector and ensuring long-term development. The project is a partnership with Namibia Berries, a forward-looking agribusiness located near Divundu in the Kavango East Region.
Namibia Berries is cultivating blueberries on 90 hectares of farmland, with an additional 30 hectares under development. The farm uses protective netting to ensure crop quality and meet increasing global demand. Standard Bank's investment is evenly split between working capital and capital expenditure, both critical in scaling up the farm's operations. The project reached a milestone with the completion of Phase 1(b) in January 2025, bringing total shareholder investment to over N$200 million.
Beyond commercial objectives, Namibia Berries is also recognized for its community-focused efforts. The project offers training and skills development programs aimed at uplifting the local community, helping to create employment and improve livelihoods in the region.
Gerhard Mukuahima, Head of Agribusiness at Standard Bank Namibia, emphasized that the investment is a reflection of the bank's core values and its role in supporting national development. "Namibia is our home; we drive her growth," he said, highlighting the importance of partnerships that deliver lasting social and economic impact.
