insert_link Local Germany supports Namibia with a EUR 3 million grant toestablish a Sustainable Financing Mechanism for Namibia’sstate-protected areas On 13 September 2024, the National Planning Commission (NPC) of Namibia together with the Ministry of Environment, Forestry and Tourism (MEFT) and KfW Development Bank (KfW), on behalf of German Development Cooperation, signed a grant agreement to the value of EUR 3 million (equivalent to approx. NAD 60 million) to establish a Sustainable Financing Mechanism to support Namibia’s state-protected areas (national parks). The financial contribution complements the MEFT’s […] todaySeptember 17, 2024 44
insert_link Local ATIDI underwrites Globeleq’s USD 117 million geothermal power project in Kenya Nairobi-based pan-African insurer, African Trade and Investment Development Insurance (ATIDI) has provided a political risk insurance cover for Globeleq's 35 MW Menengai Geothermal power project in Kenya. This support will be extended via the Regional Liquidity Support Facility (RLSF) - a joint effort by ATIDI, KfW Development Bank, and the Norwegian Agency for Development Cooperation (Norad). It helps renewable energy Independent Power Producers (IPPs). The project, the first to […] todayJuly 1, 2024 16
insert_link Environment Government to invests millions in National Park upgrades The Ministry of Environment, Forestry, and Tourism Namibia plans to allocate N$ 40.7 million for upgrades in the Etosha National Park, including renovating entrance gates and sanitation facilities by July 2025. Additionally, N$7.2 million will be invested in upgrading facilities and infrastructure in the Hardap National Park. The improvements, according to Ministry spokesperson Romeo Muyunda, are funded through the NamParks V project, a collaborative effort between the government and Germany's […] todayApril 10, 2024 50
insert_link Local The Agriculture Bank of Namibia and KfW Development Bank collaborate to support Namibian Farmers and MSMEs in the agriculture sector On 14 December 2023, the Agricultural Bank of Namibia (Agribank) and KfW Development Bank entered into a historic agreement, signing a first concessional loan of just over 400 million NAD. This collaboration aims to empower farmers operating in both communal and commercial, as well as other agricultural or food-processing MSMEs in Namibia. Agribank will on-lend the funds for the target group of small scale farmers as well as the […] todayDecember 15, 2023 13
insert_link Namibia Concessional loan agreement signed between Finance and Public Enterprises ministry and KfW Development Bank The Finance and Public Enterprises Ministry, alongside KfW Development Bank, have formalized an agreement for a concessional loan dedicated to funding the rehabilitation and expansion of the Gammams and Otjomuise Wastewater Treatment Plants. This project's primary goal is to enhance the current wastewater treatment capabilities and bolster Windhoek's potable water supply. Local economist Klaus Schade has provided insights on this significant development. todayDecember 14, 2023 24
insert_link Local Supporting communities in the Zambezi Region with grants and equipment for human-wildlife conflict mitigation and management The Ministry of Environment, Forestry and Tourism (MEFT) together with its partners and other stakeholders will host a joint handover ceremony of project funding, grants, and equipment, financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) through KfW Development Bank, to the value of: 20 million Namibian Dollars for the “Poverty-Oriented Support to Community Conservation in Namibia” (POSCCIN) Project as implemented by the Community Conservation Fund of […] todayOctober 23, 2023 7
