• Loxworth Capital obtained €15 million ($17.3 million) for its Namibian unit.
• The funding from Invest International will expand production to 200 hectares.
• The project aims to boost Namibia’s blueberry exports and rural jobs.

Dutch private equity firm Loxworth Capital has secured a €15 million (about $17.3 million) financing facility for its Namibian subsidiary, Namibia Berries, which specializes in blueberry cultivation and marketing. In a statement released this week, the company said the funding was provided by Invest International, a Dutch public institution that finances sustainable projects in developing countries.

According to company officials, the funds will support the next phase of Namibia Berries’ expansion in the Kavango East region, aiming to double its production capacity to 200 hectares. “This is more than an investment in blueberries, it’s an investment in people, innovation, and the future of African agriculture,” said Michael Rodenburg, founder and CEO of Loxworth Capital and Namibia Berries.

While Namibia Berries primarily produces for export, the new investment is expected to further strengthen the role of blueberries in the country’s horticultural exports. Data from Trade Map shows that Namibia earned about $2.85 million in blueberry export revenues in 2024.