Global development institution the International Finance Corporation (IFC) and Dutch entrepreneurial development bank FMO have partnered to provide funding and advisory support to global agricultural company United Exports to help the company increase sustainable blueberry production in South Africa, create jobs and boost women’s participation in management roles. The IFC and FMO will loan up to €14-million to United Exports, supporting the fruit logistics company’s strategy to adopt frost-resistant blueberry varieties and expand its blueberry orchards to frost-free areas, including to the Western Cape region.
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