Presentation on theme: "Funding the future of the green economy"— Presentation transcript:
1 Funding the future of the green economy LAZARUS NAFIDIHEAD: COMMUNICATION & CORPORATE AFFAIRSEnvironmental Investment Fund of Namibia
2 Content Creation of the Environmental Investment Fund of Namibia ROADMAP TO CREATING THE EIFCreation of the Environmental Investment Fund of NamibiaGovernanceOverview of how the Fund is managedSTRATEGIC FOCUSFocal areas of Green funding by the EIFInvestment approachBrief look at EIF financial delivery tools developedImpact to dateAn overview of the Fund’s green impact in NamibiaPLANS FOR 2014/2015An excerpt of activities to come!
3 Roadmap13th February 2012:The Environment Investment Fund of Namibia is officially launchedGreen Plan proposal included and accepted as part of the first National Development Plan (NDP1).1992:‘Founding President’ H.E. Sam Nujoma presents the Namibia Green Plan at the Rio Earth Summit.6th December 2001:Namibia’s Parliament passes the Environment Investment Fund of Namibia Act1992:The Namibian Green Plan.
4 Governance“The powers and functions of the Board are to accountably, efficiently and properly manage and control the affairs and properties of the Fund and, for that purpose and in furtherance of the objects of the Fund.”Full political support
5 MissionThe Mission of the EIF is to promote the sustainable economic development of Namibia through investment in and promotion of activities and projects that protect and maintain the natural and environmental resources of the country.
6 Our Strategic focus Natural Resources Management Green Technology InvestmentsTourism Concession and DevelopmentSustainable Industrial practices (e.g. Responsible agriculture, mining & pesticide management)Research and development, education and awareness raising
8 GRANTSFeaturesProject investments that are not recoverable in monetary terms,Investments envisaged to bear socioeconomic & livelihood returnsFull project implementation grants, maximum N$ 500,000Seed grants at N$ 10,000Civil society, private sector & individuals, etc.
9 Concessional Loans Features: Ring fenced for green investments Charged up to prime minus 4.25% with a permissible grace period of up to 12 monthsMinimum loan N$ 500,000Maximum loan, N$ 4 millionMaximum 10 years repayment periodApplications are assessed on merit comprising of social and economic development impact, high environmental impact, and financial return
10 Bursaries and Research Features:Aimed at filling critical skillsshortage in NamibiaSupports both undergraduatesand post graduate students
11 Sponsorship Features: Corporate social responsibility support to activities that integrates to our business model.
12 ‘‘….Our Impact to date at a glance….’’ Green performance
13 Total Grants Capital commitment N$ 8.4m353job opportunitiesBursaries and research AwardsN$ 1.3mEstimatedBeneficiaries10855 peopleGreen Soft loan through SME BankN$ 3 m
18 General understanding of environmentally based enterprise development remains a challenge Green financing requires skills that are rare or very competent on the job marketGreen financing demands substantial amount of investments of which the Fund is unable to provide
22 Association with EzyStove: the internationally Award-winning Energy-saving stove Saves approximately 1,400 trees a year30,240 fewer hours a year spent collecting fuel wood which can be used for more productive activitiesCO2 emissions per year reduced by 216 tones and 60% reduction in toxic emissionsSaves approximately N$ 50,200 a year on money spent on firewood1,060 Ezy Stoves were sold during Trade Expos between January 2012 and February 2013.
23 Olushandja Horticulture Farmers Association: Winner of the 2013 Small Scale Farming Category presented by the Namibia Agronomic Board
24 New institutional partnerships: Launch of EIF/SME Bank Green Soft Loans
25 Discovery of a new plant species Hmmm, wonder what they’ll name me!
29 Going Forward… Launch the concessional loan book portfolio Unlock the potential of environmental levies in NamibiaThe creation of “Green jobs”
30 Going Forward…Position the Fund to be a National Implementing entity for climate financingImplement community adaptation to Climate change related impactsCreate awareness of sustainable consideration at local, regional, national levelsSupport national research on E-Waste, used tyres, chemicals and toxic products
31 Thank you for listening 2nd Floor Capital Centre, Independence Avenue, Windhoek NamibiaFACEBOOK AND TWITTER