The Environmental Investment Fund (EIF) of Namibia has been officially accredited as a National Implementing Entity (NIE) to the Adaptation Fund, enabling it to directly access up to N$370 million (US$20 million) in international climate finance.
The accreditation was confirmed by the Adaptation Fund Board’s Decision B.44-45/10. It positions EIF as a national body with the authority to design and implement projects responding to the country’s climate challenges, particularly those affecting vulnerable communities.
“This accreditation is a testament to EIF’s strong governance and commitment to impactful climate solutions,” said EIF Chief Executive Officer Benedict Libanda.
“It opens doors to deliver innovative projects that address the real challenges faced by our people and ecosystems.”
Libanda said the new status would reduce Namibia’s dependence on multilateral intermediaries and improve the speed and efficiency of climate finance flows into the country.
EIF is already working on a pipeline of adaptation projects in partnership with government ministries, regional authorities, civil society, and communities. Planned initiatives include the promotion of climate-smart agriculture on resettlement farms, strengthening infrastructure, and piloting sustainable aquifer management in drought-affected regions.
“These efforts align with Namibia’s Nationally Determined Contributions under the Paris Agreement and aim to support long-term resilience and inclusive economic development,” he said.
Libanda added that the Fund would soon roll out an Adaptation Project Pipeline Development Strategy to mobilise further support from both national stakeholders and international partners.
