Namibia Berries, a subsidiary of the South African venture capital company Loxworth Capital, plans to invest 1.5 billion Namibian dollars (US$80.2 million) over the next seven years. The project includes the development of a 250-hectare farm based in Divundu in the Kavango East region, which will mainly focus on exports.
The investment in the farm, which will employ nearly 800 people and also create 7,000 jobs during the harvest seasons, will be provided by two large Spanish agri-food companies, namely Puliberries SL and Agricola SL. Namibia Berries expects to export its first harvest in September 2024.
Source: foodbusinessafrica.com