• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Finance

EIF targets to raise N$1.5bn through Green Climate Fund

by editor
September 15, 2022
in Finance
47
A A
57
SHARES
951
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

NamRA collects N$12.78 billion in first two months of financial year

BoN orders banks to cut gap between repo and lending rates

DBN secures Green Climate Fund accreditation

The Environmental Investment Fund of Namibia (EIF) aims to raise N$1.5 billion by 2026 through the Green Climate Fund, following its re-accreditation to the body for another five years. 

“This type of funding will be used to create new much-needed industries that will support economic growth in areas such as rural development; renewable energy; water management; environmentally sound waste management systems; sustainable agriculture; recycling; green technology industries; ecosystem-based businesses; environmental research, training, bursaries, and scholarships; and green value chains in the manufacturing sector,” EIF’s Head of Communications and Corporate Services  Lot Ndamanomhata said.

 “The re-accreditation and signing of the accreditation master agreement means that the EIF of Namibia is officially recognised as having the globally recognised standards, competence, and governance systems to access the financial resources of the GCF. The re-accreditation assessment process took into consideration the fiduciary standards, good governance, transparency, leadership, risk management, Environment and Social Governance (ESG) system, and financial management systems of the EIF of Namibia and all other applying institutions.” 

The EIF was initially accredited by the GCF in 2016 as a Direct Access Entity for country level programme delivery and to date has raised more than N$640 million for Climate Action Grants and Readiness Support. 

“As a result of the signing of the re-accreditation that was attained last year, the Fund has already started with legal instrument for re-accreditation that led to the Accreditation Master Agreement being signed and the EIF has also since began with project development for submission to the GCF. The projects to be developed by the EIF are in line with the priorities identified under the 2021 updated National Determined Contribution. The Ministry of Environment, Forestry and Tourism being the National Designated Authority to the GCF provides guidance and support during the project preparation and no objections on the proposed proposals to the GCF,” he said. 

“The EIF is well positioned to steer the country towards realising the national development goals and eventually achieve a green economy that is sustainable. However, the institution requires additional 

support to further build its capacity that will enable it to access additional grant funding for Nambia. The re-accreditation of the EIF to GCF is an important step in this process.” 

Ndamanomhata said the EIF has utilised accessed funds for Climate Resilient Agriculture in three of the Vulnerable Extreme northern crop-growing regions (CRAVE) Project. 

 “The project aims to reduce climate vulnerability, increase the adaptive capacity and resilience of vulnerable small-scale farming communities in vulnerable extreme northern crop-producing regions that are threatened by climate variability and change,” he said.

 

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet14Share4
Previous Post

Alweendo wants Angolan fuel imports regularised

Next Post

Mouton appointed NamPost COO

Recommended For You

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

BoN orders banks to cut gap between repo and lending rates

by reporter
July 2, 2025
0
BoN orders banks to cut gap between repo and lending rates

The Bank of Namibia (BoN) has directed all commercial banks to narrow the gap between the repo rate and lending rates by 25 basis points in two stages...

Read moreDetails

DBN secures Green Climate Fund accreditation

by reporter
July 2, 2025
0
DBN secures Green Climate Fund accreditation

The Development Bank of Namibia (DBN) has been officially accredited by the Green Climate Fund (GCF), a move expected to improve Namibia’s ability to access international climate finance....

Read moreDetails

Bank of Namibia meets incoming Bank Windhoek MD

by reporter
July 2, 2025
0
Bank of Namibia meets incoming Bank Windhoek MD

The Bank of Namibia has officially met with James Chapman, who will take over as Managing Director of Bank Windhoek in July 2025. Chapman was introduced to BoN...

Read moreDetails

Standard Bank invests N$35 million in CSI initiatives over five years

by reporter
June 30, 2025
0
Standard Bank invests N$35 million in CSI initiatives over five years

Standard Bank Namibia says it has invested more than N$35 million in Corporate Social Investment (CSI) initiatives over the past five years. The bank’s wide-ranging support spans health,...

Read moreDetails
Next Post
Mouton appointed NamPost COO

Mouton appointed NamPost COO

Related News

Namibia’s 2025/26 budget outlook: Risks, realities, and market sentiment

Namibia’s 2025/26 budget outlook: Risks, realities, and market sentiment

March 28, 2025
Tuwilika

The role of corporate Namibia in tackling SGBV

December 9, 2024
Promoting support systems for employees with serious illnesses

Promoting support systems for employees with serious illnesses

July 16, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.