United Exports receives World Development finance to expand operations
If you own a blueberry bush through Fedgroup then you will know that your blueberry bush is growing a particular varietal known as Ozblu. This delicious, resilient varietal is in such high demand that recently three of the World’s leading development financial institutions recently announced an investment in United Exports to support the ongoing expansion and infrastructure upgrade of their leading OZblu blueberry varieties in South Africa.
Says Roger Horak, Global CEO of United Exports, “the financing from these leading development financial institutions will enable the company to increase our planning and packing capacities to capture market share in the fast-growing international blueberry market.”
“The support from these institutions will help us increase the availability of our new varieties to meet the demand of markets as well as improve the technology used by our farms, thus increasing their efficiency and incomes.”
Kevin Njiraini, IFC Regional Director for Southern Africa, said South Africa needs to expand efficient companies that can create jobs and grow the economy. “The country has the potential, and IFC is committed to working with the best companies and partners to make that happen.”
“With this facility to United Exports, FMO is helping South Africa to establish itself as an emerging blueberry production hub, resulting in large-scale job-creation in communities that have a very high unemployment rate and further development of the industry,” said Hans Bogaard, FMO’s Manager Agribusiness Food and Water for Africa.
“The financing for United Exports is a good example on how we can assist private companies in growing their business, increasing local jobs, food production as well as rural development, which is in line with our aim to support the 17 UN Sustainable Development Goals”, said Johnny Ohgrøn Hansen, IFU Regional Director for Southern Africa.
Fedgroup believes in Impact Farming – helping investors finance farming operations to scale-up production, create jobs and grow the economy. We partner with the best commercial farmers who share our vision and who have the ability to produce quality product. If you want to find out more, download the Fedgroup App today.