Also known as: GCF
Organization that Namibia met with at the AU summit to reaffirm its commitment to hosting the fund's African Regional Offices and addressing climate resilience.
Key points drawn from coverage. Tap a point to see the original sentence.
New Era
Green Climate Fund funded IREMA five-year project
“This is a five-year project funded by the Green Climate Fund through the Environmental Investment Fund of Namibia (EIF) and implemented in conjunction with the Ministry of Agriculture.”
Farmer Bennie Ganuseb defies odds … pursues banana plantation dream in KuneneInformanté
President Nandi-Ndaitwah highlighted Namibia's ongoing climate initiatives, including projects supported by the Fund exceeding N$900 million
“The President highlighted Namibia's ongoing climate initiatives, including projects supported by the Fund exceeding N$900 million, and stressed the need for long-term strategies to protect vulnerable communities such as the OvaHimba in the Kunene Region.”
President Nandi-Ndaitwah advances partnerships on trade, health, climate, and water at AU SummitThe Namibian
The Green Climate Fund has provided N$900 million for various projects in Namibia
“According to the Presidency, the fund is already active in Namibia and has provided N$900 million for various projects.”
President wants Namibia to lead on climate solutionsThe Namibian
DBN became the first institution in Namibia to be accredited by the Green Climate Fund as a direct access entity in the medium accreditation category
“Mbango adds that DBN became the first institution in Namibia to be accredited by the Green Climate Fund as a direct access entity in the medium accreditation category.”
DBN cleans house with N$579 million loan write-offThe Namibian
Green Climate Fund accredited Development Bank of Namibia as first Namibian institution
“It obtained approval for a N$1.5 billion sovereign-guaranteed facility from the African Development Bank, and achieved accreditation with the Green Climate Fund – the first Namibian institution to achieve this.”
Development Bank approves N$912 million in loans, SME funding and job creationThe Namibian
Green Climate Fund is being bid for by Namibia to host one of two African regional hubs
“Namibia is bidding to host one of two African regional hubs of the Green Climate Fund and would appreciate your support.”
Intervention by President Netumbo Nandi-Ndaitwah at the G20 Session on Global ResilienceThe Namibian
Green Climate Fund provided US$3 million to Namibia for national adaptation plans
“Namibia has secured US$3 million (N$51.8 million) from the Green Climate Fund to develop national adaptation plans (NAPs), engaging young people in climate resilience, entrepreneurship, and environmental stewardship.”
Namibia secures US$3m to weather climate changeThe Namibian
the Environmental Investment Fund of Namibia has mobilised over N$700 million from the GCF
“Specifically, the Environmental Investment Fund of Namibia has mobilised over N$700 million from the GCF, supporting critical climate resilience projects.”
Trump’s Return: A Turning Pointfor US, Africa and Namibia?Bennie Ganuseb is working to establish a banana farm in Kunene's harsh climate, having reduced his plantation from over 500 trees to nearly zero due to water shortages. With support from the IREMA climate resilience project, he received 180 new banana trees and is now seeking funds for a solar-powered water system to revive his farm and supply local schools and communities.
10 March 2026 · New Era →
Bennie Ganuseb is working to establish a banana farm in Kunene's harsh climate, having reduced his plantation from over 500 trees to nearly zero due to water shortages. With support from the IREMA climate resilience project, he received 180 new banana trees and is now seeking funds for a solar-powered water system to revive his farm and supply local schools and communities.
10 March 2026 · New Era →
Ingrid Heigan, a single mother in Tsaurob, Kunene, built her goat herd from seven animals to over 90 through hard work and a livestock support programme (IREMA) run by the Environmental Investment Fund in partnership with the agriculture ministry, which has benefited an estimated 68,600 people in drought-prone areas.
18 February 2026 · New Era →
At Ethiopia's 39th African Union Summit, President Netumbo Nandi-Ndaitwah advocated for Africa to remain a sovereign partner rather than a battleground for competing global interests, and called for continental investment in water infrastructure and climate solutions. She reported that Namibia's youth unemployment programme has disbursed N$62.3 million to 140 projects creating about 722 jobs, though analysts cautioned that strong speeches must be accompanied by measurable policy implementation results.
17 February 2026 · The Namibian →
During the 39th African Union Summit in Addis Ababa, President Netumbo Nandi-Ndaitwah held bilateral meetings with international partners to advance Namibia's priorities in trade and investment, HIV response and health sovereignty, climate finance and resilience, and water governance. The engagements included meetings with representatives from the United States, Arab development bank, UNAIDS, the Green Climate Fund, Ethiopia, Rwanda, and the UN.
17 February 2026 · Informanté →
At the African Union summit in Addis Ababa, President Netumbo Nandi-Ndaitwah met with the Green Climate Fund delegation to reaffirm Namibia's commitment to hosting the fund's African Regional Offices and addressing climate resilience. The president highlighted Namibia's vulnerability as one of sub-Saharan Africa's driest countries, noting severe impacts in regions like Kunene, and called for greater investment in water infrastructure and sanitation systems.
16 February 2026 · The Namibian →
President Netumbo Nandi-Ndaitwah will attend the 39th African Union Assembly of Heads of State and Government in Addis Ababa on 14–15 February 2026, where leaders will discuss peace, security, Agenda 2063, and launch the AU's 2026 Theme on water security and sanitation. Namibia is also pursuing bilateral engagements with regional and international partners to advance development and investment priorities.
13 February 2026 · Informanté →
President Netumbo Nandi-Ndaitwah will attend the 39th Ordinary Session of the African Union Assembly in Addis Ababa on 14–15 February, where she will focus on peace and security, Agenda 2063 progress, UN Security Council reform, and sustainable water and sanitation systems for 2030. She will also participate in a high-level discussion with Africa's female presidents and hold bilateral meetings with continental and regional leaders to advance Namibia's economic diplomacy and climate finance priorities.
12 February 2026 · New Era →
President Netumbo Nandi-Ndaitwah will attend the 39th African Union Assembly of Heads of State and Government on 14–15 February in Addis Ababa, where leaders will discuss peace and security, institutional reforms, and the 2026 AU theme on water availability and sanitation. Namibia has arranged bilateral engagements with heads of state and development partners to advance development, trade, and investment priorities.
12 February 2026 · The Namibian →
The Development Bank of Namibia recorded a 42% increase in operating profit from N$62 million in 2023/24 to N$88.3 million in 2024/25, reflecting strong cost discipline and enhanced recoveries. The bank also secured significant new funding, including N$607 million from KfW Green Credit Line II and became the first Namibian institution accredited by the Green Climate Fund.
22 January 2026 · Informanté →
The Development Bank of Namibia reported a 42% increase in operating profit to N$88.3 million for 2024/25 and secured significant international funding, but opposition lawmakers questioned whether strong financial results are translating into inclusive development, particularly in historically marginalised regions.
21 January 2026 · New Era →
The Development Bank of Namibia has cleaned up its balance sheet by writing off about N$579 million in non-performing loans during the 2024/25 financial year as it navigates a complex economic environment with a shrinking loan book. The bank's net interest income contracted by 25% year-on-year, though it is shifting towards climate financing and prioritising support for SMEs.
21 January 2026 · The Namibian →
The Development Bank of Namibia approved N$912.7 million in funding and supported the creation of 1,429 jobs during the 2024/25 financial year, with support for 49 SME projects including allocations to women-owned and youth-owned enterprises across multiple regions. The bank achieved accreditation with the Green Climate Fund and secured additional funding through KfW and the African Development Bank, reporting a 42% increase in operating profit to N$88.3 million.
20 January 2026 · The Namibian →