Standard Bank invests N.dollars 40 million in blueberry farming

WINDHOEK, 07 JUL (NAMPA) – Standard Bank Namibia has invested N.dollars 40 million in a blueberry farming initiative, saying this forms part of reinforcing its commitment to sustainable growth and agricultural development.
In a media statement released on Monday, Standard Bank said it partnered with Namibia Berries in a collaborative effort to transform Namibia’s agriculture sector.
“This landmark investment supports Namibia Berries, a pioneering agribusiness project located near the town of Divundu in the Kavango East Region. With global export demand rising, the farm’s blueberries are thriving under protective netting across 90 hectares of farmland, with an additional 30 hectares under development,” the statement reads.
The N.dollars 40 million investment is evenly divided between working capital and capital expenditure (CAPEX), both of which have played a significant role in advancing the farm’s development.
“The successful completion of Phase 1 (b) in January 2025 marked a major milestone, with more than N.dollars 200 million already invested by shareholders,” according to the statement.
Apart from its commercial operations, Namibia Berries is also highlighted as being recognised for its community engagement, offering training and skills development programmes to uplift local residents.
“Namibia is our home; we drive her growth,” said Gerhard Mukuahima, Head of Agribusiness at Standard Bank Namibia. “This investment reflects our commitment to enabling sustainable economic growth through partnerships that deliver long-term impact.”
(NAMPA)
JTS/PS/AS