Challenge
Unemployment surpasses 25 percent in Namibia, but an extremely dry climate means that less than one percent of Namibia’s land is arable, and there are few opportunities for subsistence farmers to earn income.
Solution and Impact
Political risk insurance is supporting SilverStreet Private Equity’s investment in two vineyards that grow table grapes in Aussenkehr, a fertile region of the country that borders on South Africa. Water from the Orange River is used to irrigate the vineyards and the optimal conditions mean the grapes mature rapidly.