Nedbank Namibia has finalised a funding deal with Achill Island Investments, an agricultural enterprise located in the Aussenkehr Valley. The agreement establishes a partnership aimed at supporting operations and expansion in table grape and date production.
The funding will assist Achill Island Investments and its sister farm, Silverlands Vineyards, in developing their activities and adapting farming practices. Together, the farms manage more than 900 hectares of table grapes and date palms, marketed under the Silverlands brand to international markets. At peak harvest, around 4,000 workers are employed.
Silverlands in Namibia forms part of a wider agricultural group operating across Southern and East Africa. The group supplies table grapes and dates to export destinations and engages in production systems focused on long-term resilience.
Silverlands' Namibian farms benefit from conditions that allow for an early harvest of table grapes and support the production of dates for export. The group's presence in Namibia positions the country in the competitive global fresh produce trade.
"This partnership with Achill Island Investments is a powerful example of how Nedbank is enabling growth in sectors that matter," said Nedbank Namibia's Chief Commercial Officer, JG van Graan. "Agriculture is a cornerstone of Namibia's economy, and we are proud to support a client that combines operational excellence with a deep commitment to sustainability and social impact."
Silverlands' strategy includes further development of its vineyards and date plantations to maintain supply to global markets. Nedbank indicated that its role will be to continue supporting agricultural clients working on technology, finance, and production efficiency.
Source: Namibia Economist