Nedbank Namibia has committed N$705 million to support initiatives aligned with the Sustainable Development Goals (SDGs) towards the 2026 financial year.
The financial institution’s Managing Director, Martha Murorua, said the ambitious endeavour comes as Nedbank Namibia remains committed to fostering positive change in the community.
“Talks about energy and energy-efficient products. We have done close to N$100 million, and towards 2026 we are looking at closer to N$1 billion, which is N$705 million, that we need to focus on SDG seven,” stated Murorua, highlighting the substantial investment earmarked for SDG seven, which addresses affordable and clean energy.
The investment reflects Nedbank Namibia’s proactive stance towards addressing critical global challenges, including the transition to renewable energy and the promotion of energy efficiency.
Discussing the strategic approach towards SDG eight, which encompasses mobile money and digital transactions, Murorua said, “…in 2026, we are looking at value and volume of N$144 million to actually play in the mobile money area that is now addressing SDG eight.”
This comes as Nedbank Namibia aims to significantly amplify its presence in the mobile money sector, contributing to the realisation of SDG eight objectives.
Addressing the financing and infrastructure aspect of sustainable development encapsulated in SDG nine, Murorua elaborated on the institution’s proactive measures.
“Already we had 320,000,000 exposure in the current year. We are looking at close to N$400 million to N$500 million exposure for the future next three years in the SDG nine space,” said Murorua.
Murorua also noted Nedbank Namibia’s pioneering efforts in sustainable architecture, highlighting its status as the only six-star green building in Namibia.
“So definitely we are playing our part. And I must also just add here that we are the only six-star green building in Namibia so far, and people are quite coming and learning from us how they can go about it. So we have been very much instrumental and active in that space,” Murorua added.
This comes as Nedbank Headquarters, Green Campus situated on Fidel Castro Street, opposite the City Zoo Park, in the heart of Windhoek offers a 180-degree view from the top floor that has completely changed the Windhoek Central Business District with an incredible design.
The building achieved a 6-star rating design by the Green Council of South Africa. It is the first in the country to receive such a rating.
Nedbank Namibia last year also invested N$350,000 towards the realization of the country’s goal of achieving self-sufficiency in the production of green hydrogen.
The funds were allocated to urgently develop key skills and collaborative endeavours required as Namibia sets its sight on emerging as a leader in the green hydrogen economy.
