Standard Bank invests N.dollars 40 million in blueberry farming

NAMPA

2025-07-07

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

Agriculture Bank capital farming

Business

Kavango West Council slammed over seven years of unaudited accounts

2026-08-12 09:31:29

Nkurenkuru Town Council acting CEO blames work overload for audit errors

2026-08-11 14:09:42

No breach of Competition Act found in horse mackerel investigations: NaCC

2026-08-11 14:04:39

Established local mines report strong operation gains

2026-08-11 14:00:28

Old Mutual Namibia scoops global wealth management award

2026-08-11 10:46:24

Nedbank Go Green Fund allocates N$700 000 to environmental projects

2026-08-11 10:20:32

Namibia’s average house price rises to N$1.4 million

2026-08-11 10:05:48

TransNamib, MSC expand container cargo movement by rail

2026-08-10 16:47:52

Namibian economy to grow 2.1% in 2026: BoN

2026-08-10 16:09:50

Construction of N$178 million central medical stores to commence

2026-08-10 14:09:29

Deep Yellow awards N$392 million Tumas contracts

2026-08-10 13:02:51

Latest NAMPA photos

WINDHOEK, 11 August 2026 - Feminists and women’s rights advocates pictured during a discussion at the African Feminism Forum in Windhoek. (Photo: Contributed)

NAMPA

HAVANA, 11 August 2026 - Namibian Prime Minister Dr. Elijah Ngurare reaffirmed Namibia's unwavering solidarity with Cuba and demanded an immediate end to the US trade blockade during a tribute to Fidel Castro in Havana. (Photo: Contributed) NAMPA.

NAMPA

WINDHOEK, 11 August 2026 - (From left) Namibia Nature Foundation communications officer Disney Andreas; Namibia Nature Foundation head of grants and administration, Hilma Shongolo; and Nedbank Namibia Chief Financial Officer, Victor Maengahama, pictured at the Nedbank Campus for the Go Green Fund handover. (Photo: Contributed)

NAMPA

WINDHOEK, 11 August 2026 - Sepo Haihambo, Managing Director of Old Mutual Investment Group, Old Mutual Namibia. (Photo: Contributed)

NAMPA

OPUWO, 10 August 2026 - Parliamentary Standing Committee on Natural Resources chairperson Tobie Aupindi with committee members and Opuwo Urban Constituency Councillor Ueutjerevi Ngunaihe during a visit to Okarikua Mining on Monday. (Photo: Kaviveterue Virere) NAMPA

NAMPA

NKURENKURU, 10 August 2026 - The Kavango West Regional Education Director, Pontianus Musore. (Photo: Lylie Joel) NAMPA

NAMPA

WINDHOEK, 10 August 2026 - Vice-Chancellor of the University of Namibia, Kenneth Matengu pictured at the official launch of the REALTEST Project. (Photo: Edward Tenete) NAMPA

NAMPA