Green Climate Fund

Also known as: GCF

Green Climate Fund — multilateral climate finance institution from which Namibia's Development Bank secured accreditation and a USD 1 million grant in 2025–2026.

2024-05-082026-07-23

What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

June 2026
24 JunWindhoek Observer
Green Climate Fund approved the funding under the GCF Readiness and Preparatory Support Programme
Source
“The funding was approved under the GCF Readiness and Preparatory Support Programme and follows DBN's accreditation to the Green Climate Fund in July last year.”
DBN secures US$1m climate finance grant
24 JunWindhoek Observer
Green Climate Fund approved the grant for DBN under the Readiness and Preparatory Support Programme
Source
“The grant, approved under the Green Climate Fund's Readiness and Preparatory Support Programme, follows DBN's accreditation to the GCF in 2025.”
DBN’s climate finance breakthrough opens new doors for Namibia
March 2026
10 MarNew Era
Green Climate Fund funded IREMA five-year project
Source
“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 Kunene
February 2026
17 FebInformanté
President Nandi-Ndaitwah highlighted Namibia's ongoing climate initiatives, including projects supported by the Fund exceeding N$900 million
Source
“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 Summit
16 FebThe Namibian
The Green Climate Fund has provided N$900 million for various projects in Namibia
Source
“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 solutions
January 2026
21 JanThe 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
Source
“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-off
20 JanThe Namibian
Green Climate Fund accredited Development Bank of Namibia as first Namibian institution
Source
“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 creation
November 2025
24 NovThe Namibian
Green Climate Fund is being bid for by Namibia to host one of two African regional hubs
Source
“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 Resilience
11 NovThe Namibian
Green Climate Fund provided US$3 million to Namibia for national adaptation plans
Source
“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 change
November 2024
15 NovThe Namibian
the Environmental Investment Fund of Namibia has mobilised over N$700 million from the GCF
Source
“Specifically, the Environmental Investment Fund of Namibia has mobilised over N$700 million from the GCF, supporting critical climate resilience projects.”
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Mining & Energy

DBN secures $1 million climate finance grant from Green Climate Fund

The News

The Development Bank of Namibia has received a US$1 million grant from the Green Climate Fund to strengthen institutional capacity and mobilise climate finance for climate-resilient and low-carbon development initiatives over 2026–2027. Through its GCF accreditation, DBN can directly access up to US$250 million in climate finance to support climate-related projects in Namibia.

24 June 2026 · Windhoek Observer →

Wednesday 24 June

DBN secures $1 million climate finance grant from Green Climate Fund
The Development Bank of Namibia has received a US$1 million grant from the Green Climate Fund to strengthen institutional capacity and mobilise climate finance for climate-resilient and low-carbon development initiatives over 2026–2027. Through its GCF accreditation, DBN can directly access up to US$250 million in climate finance to support climate-related projects in Namibia.
24 June 2026 · Windhoek Observer →
DBN secures US$1 million climate grant, opens path to larger funding
The Development Bank of Namibia received a US$1 million grant from the Green Climate Fund following its accreditation in 2025, unlocking potential access to up to US$250 million in future climate financing and strengthening Namibia's position in the global green economy.
24 June 2026 · Windhoek Observer →
DBN receives USD 1 million GCF grant for climate readiness
The Development Bank of Namibia has been approved for a USD 1 million Readiness Grant from the Green Climate Fund to strengthen its institutional capacity and mobilise investment for climate-resilient and low-carbon development. The grant follows DBN's accreditation to the GCF in July 2025, and a programme titled "Strengthening Institutional Capacity and Catalysing Private Sector Climate Investments in Namibia" will be implemented during 2026–2027.
24 June 2026 · Informanté →

Tuesday 10 March

Kunene farmer pursues banana plantation despite water scarcity
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 →

Wednesday 18 February

Kunene farmer grows herd from seven to ninety goats
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 →

Tuesday 17 February

President calls for African sovereignty, climate action at AU summit
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 →
President meets AU Summit partners on trade, health, climate
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 →

Monday 16 February

President seeks Namibia's role as global climate solutions leader
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 →

Friday 13 February

President attends AU summit on water security in Ethiopia
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 →

Thursday 12 February

President Nandi-Ndaitwah attends 39th African Union summit
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 Nandi-Ndaitwah to attend African Union summit in Addis Ababa
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 →

Thursday 22 January

DBN operating profit rises 42% to N$88.3 million
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 →

Wednesday 21 January

DBN reports 42% profit rise but faces questions on development reach
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 →
DBN writes off N$579 million in non-performing loans
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 →

Tuesday 20 January

DBN approves N$912 million, supports 1,429 jobs in 2024/25
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 →