Wednesday, October 21, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Companies Finance

EIF hands over 16 EDA funded projects

by editor
November 29, 2021
in Finance
5
A A

The Environmental Investment Fund (EIF) of Namibia has handed over 16 projects funded to the value of N$66 million, located in communities of Otjozondjupa, Omusati, Oshikoto, Kunene, Kavango East, Kavango West, Zambezi, Erongo and //Karas regions.

The projects were funded through the Green Climate Fund through the EIF’s Empower to Adapt: Creating Climate Change Resilient Livelihoods through Community Based Natural Resources Management in Namibia (CBNRM EDA) Project Grant Facility, which has financed 31 grants projects to gazetted Community Forests and Communal Conservancies in 12 of the 14 political regions of Namibia.

The funded projects according to the EIF have to date contributed towards  empowering rural CBNRM communities in Namibia by increasing their resilience to adverse impacts of climate change such as protracted droughts, increased flood events, reduced crop production and livestock losses, while directly contributing towards the realization of Namibia’s obligations to national and international climate change goals, objectives and frameworks.

These community projects according to the EIF have benefited 50 000 beneficiaries, provided more than 3000 green jobs, and an area of more than 5,500 000 million Hectares (Ha) of ecosystems have been strengthened, restored, and protected from climate variability and change according to the fund.

The EIF said through the rehabilitation of 85 boreholes and four earth dams, a total of more than 240,000 livestock (both cattle and small stock), as well as wildlife now have access to reliable and safe water supply despite climate shocks and stresses.

“This incorporation of nature-based enterprise concept for projects with income generation objectives, mainly fodder, horticulture and renewable energy gives me assurance on the sustainability of these interventions for diversified livelihood options,” Minister of Finance, Iipumbu Shiimi said during the handover of the 16 completed projects.

Environment, Forestry and Tourism, Deputy Minister, Heather Sibungo said “The EDA (Enhance Direct Access) modality is structured in such a way that guarantees that funding will be exclusively and directly channelled to the vulnerable gazetted Communal Conservancies and Community Forests, where their project’s impact is being realized” Sibungo said.

 “These projects will further contribute towards achieving the national objectives set in the National Policy on climate change and Nationally Determined Contributions (NDC’s) as per the United Nations Framework Convention on Climate Change (UNFCCC).”

“We will continue to engage multilateral climate and environmental funds as well as other development finance institutions to mobilise more funding to enhance our portfolio nationally as our mandate dictates” EIF Chief Executive Officer, Benedict Libanda said.

author avatar
editor
See Full Bio
Previous Post

Gondwana speaks on Black Friday voucher sales

Next Post

O&L condemns imposed travel bans

Must Read

NPC reports 48% execution of N$11.8bn development budget
Finance

Shafudah to table Mid-Term Budget Review on Thursday

October 20, 2026
Namibia records second-lowest IMF debt in Africa at N$378.1m
Finance

IMF projects Namibia’s current account deficit to widen to 16.9% of GDP

October 19, 2026
Portrait of a smiling man in a blue shirt and navy blazer in a modern office with plants nearby.
Finance

Bank Windhoek disburses N$147m in sustainable loans, targets N$300m

October 19, 2026
A hand holding a salary slip labeled 'SALARY SLIP' outdoors with apartment buildings in the background
Finance

Low pay and salary delays push workers into debt

October 16, 2026
Speaker in a red blazer standing behind a lectern with a laptop, microphone, and a visible name badge reading 'Jaylo' at a CIS-themed event.
Finance

Namibian banks, financial institutions to face monthly credit data quality assessments

October 16, 2026
Real estate and manufacturing sectors drive surge in corporate credit to N$50.88bn
Finance

Lack of credit histories shuts individuals, small businesses out of financing

October 15, 2026
Load More

Related News

Private sector fails to run green schemes, abattoirs – Schlettwein

Private sector fails to run green schemes, abattoirs – Schlettwein

April 16, 2024
DBN advances N$1 billion in loans to 989 SMEs since 2017

DBN advances N$1 billion in loans to 989 SMEs since 2017

November 6, 2024
NSX wins Best Stock Exchange Management (Africa) Award

NSX wins Best Stock Exchange Management (Africa) Award

October 10, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • 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
  • e-edition
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 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
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 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.