Namibia Unlocks $250 Million in Green Finance to Rewire Its Industrial Future
Namibia has secured access to up to US$250 million (approximately N$4 billion) in concessional climate finance under the Climate Investment Funds (CIF) Industrial Decarbonisation Programme, positioning the country to accelerate low-carbon industrial development while reducing pressure on its national budget.
Ambassador Dr. Kaire Mbuende, Director General of the National Planning Commission, said the facility goes beyond simple financing — describing it as a catalytic instrument that will translate national policy into tangible industrial investments, mobilise private sector participation, and unlock infrastructure that has long constrained Namibia’s economic diversification ambitions.
Proposed investments under the programme are expected to focus on mineral beneficiation, low-carbon manufacturing, industrial system decarbonisation, and value addition in critical minerals — sectors that align with the objectives of Namibia’s Sixth National Development Plan (NDP6). The plan targets expanded manufacturing capacity, stronger contributions from secondary industries, and the creation of thousands of green jobs by 2030.
The programme is also expected to stimulate demand for enabling infrastructure including energy transmission networks, logistics corridors, industrial parks, water infrastructure, and digital systems. The World Bank Group, African Development Bank, and the International Finance Corporation are among the international partners providing both financing and technical expertise.
Mbuende said Namibia is now ready to move from policy ambition to implementation, adding that the Namibia Green Hydrogen Programme will play a central coordination role in steering investment mobilisation and project preparation.
Source: namibiaoilandgas.com
