Bank Windhoek has announced the complete allocation of N$407 million raised from its inaugural Sustainability Bond issued in 2021.
“In this journey, we have discovered the need within the Namibian economy for more funding dedicated to creating impact, and the significance of ensuring there is a dedicated financial solution that explicitly targets creating positive effects within the economy, environment, and community,†said Bank Windhoek’s Chief Treasurer, Claire Hobbs.
“The Bank Windhoek Sustainability Loan is one of the products we will continue offering to the market, ensuring we leverage our mandate to create positive change. The loan offering was coined and developed by leveraging the funding raised from the Sustainability Bond. Today, it has matured into an offering that our clients can access to achieve their sustainability goals and ambitions.â€
The bond’s first tranche was issued in June 2021, raising N$227 million, while the second tranche was issued in December 2021, raising N$180 million. The total Sustainability Bond allocation for 2022 was N$124 million, N$58 million in 2023, and N$225 million in 2024.
In the 2024 allocations, the bank supported sectors such as renewable energy, with N$12 million; sustainable water and waste management, with N$425 thousand; agriculture, with N$25 million; and clean transportation, with N$127 thousand. Additionally, N$2 million was allocated to sustainable agriculture, and education received the largest allocation of N$185 million.
