Loxworth Capital has announced a significant strategic investment in its portfolio company, Namibia Berries. Eos Capital, through its Euphrates Agri Fund, has acquired a 15% stake in Namibia Berries, strengthening the company’s growth trajectory. This 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.
Namibia Berries, a leading hydroponic blueberry producer based in Divundu, in northern Namibia, is poised for significant expansion. 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.
Michael Rodenburg, founder of Loxworth Capital, commented: “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.”
The investment from Euphrates will accelerate Namibia Berries’ growth strategy, contributing significantly to the Namibian economy. The expansion is expected to yield numerous benefits, including job creation, skills development, and capacity building. In addition, the project will uplift local communities through the improvement of educational facilities, youth empowerment, food sustainability training, and various commercial developments. To date, the project has created over 100 jobs.
Etuna Hango, the transaction lead at Eos Capital, commented on the partnership: “We are excited about this project. Namibia Berries has a strong management team with extensive experience in blueberry farming and a history of successfully executing projects of this scale. 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.”