insert_link EnvironmentEnvironmental Investment Fund Accredited to Lead Climate Action. The Environmental Investment Fund has received accreditation from the Adaptation Fund as a National Implementing Entity, granting it direct access to N$370 million in climate financing. Chief Executive Officer Benedict Libanda described the recognition as a significant step toward strengthening the nation’s climate resilience. Spokesperson Romeo Muyunda affirmed the institution’s preparedness to begin implementing key projects, including climate-smart agricultural initiatives. today24 July, 2025 22
insert_link 2 Business / EconomicsDevelopment Bank of Namibia secures direct access to Green Climate Fund By: Vitalio Angula In what economists describe as a win for the country, the Development Bank of Namibia (DBN) recently announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity under its medium-sized project category. This milestone makes DBN the first institution in Namibia to acquire this status, qualifying the bank for funding between USD 50 million and USD 250 million. The accreditation allows DBN […] today14 July, 2025 39 2
insert_link Business / EconomicsInterview: Gabriel Erastus on the African Development Bank and Namibia’s Economic Future As the African Development Bank (AfDB) faces changing dynamics in its funding sources, economist Gabriel Erastus offers insightful perspectives on how this shift could affect Namibia and the broader African continent. With the United States reducing its contributions to the AfDB, Erastus believes it’s time for African nations to step up and take greater ownership of the funding process, which could empower the continent to direct capital toward its own […] today12 May, 2025 26
insert_link AfricaItaly and African Development Bank Seal €400 Million Deal Italian state lender CDP and the African Development Bank signed a €400 million roughly US$420 million co-financing agreement on Thursday to support climate finance, sustainable agriculture, education, and technical assistance. The deal, which was finalized during the AfDB's Africa Investment Forum in Rabat, is part of Italy’s €6 billion Mattei plan aimed at boosting African development. today6 December, 2024 30
insert_link AfricaAfrican economic expansion need not threaten global carbon targets: study points out the path to green growth By Daniel M. Kammen, University of California, Berkeley and Oluwagbemisola Deborah Akinsipe, University of California, Berkeley Africa contributes only about 4% of the world’s greenhouse gas emissions. The continent consumes the least energy for each person, compared with other regions of the world. With over 560 million people who don’t have access to electricity, Africa has the lowest rate of energy access in the world. The continent […] today12 August, 2024 12
insert_link Business / EconomicsAspirations and reality of Namibia’s Green Hydrogen dream – Dr. Hage Geingob By Josef Kefas Sheehama His Excellency Dr. Geingob's vision has been realized as Namibia has made major strides to establish itself as a major player in the world of green hydrogen production. The transformation of Namibia's economy and the realization of green hydrogen in the country were spearheaded by Dr. Geingob. Drawing on the proverb that states “Rome was not built in a day”. This serves […] today8 May, 2024 49
insert_link AfricaAfrica’s megacities threatened by heat, floods and disease – urgent action is needed to start greening and adapt to climate change By Meelan Thondoo, University of Cambridge Cities cover just 3% of the planet. But they emit 78% of all global greenhouse gas emissions, absorb 80% of final global energy (what consumers use) and consume 60% of clean drinking water. African megacities like Lagos, Nigeria (with 21 million residents) and Cairo, Egypt (with 10 million residents) are experiencing significant temperature increases due to the urban heat island effect […] today24 April, 2024 26
insert_link AfricaAfrican countries start business classification to shore up green investment By Conrad Onyango, bird story agency Kenya has joined South Africa and Rwanda in offering a "green investment" handbook as African countries race to close a huge climate financing gap. The draft Kenya Green Finance Taxonomy (KGFT), published by the Central Bank of Kenya (CBK) in mid-April, is expected to help position the country for green funds and make the investment climate more attractive. Targeting banks, […] today17 April, 2024 26
insert_link EnvironmentEnvironmental Investment Fund’s Libanda warns climate finance shortfall could worsen The United Nations Economic Commission for Africa has warned the continent faces a N$ 47 trillion climate finance shortfall by 2030. UNECA executive secretary, Claver Gatete, says only two percent of global clean energy investments reach Africa. Environmental Investment Fund CEO, Benedict Libanda says the shortfall will likely increase. today6 March, 2024 69