Presentation on theme: "LAZARUS NAFIDI HEAD: COMMUNICATION & CORPORATE AFFAIRS Environmental Investment Fund of Namibia Funding the future of the green economy."— Presentation transcript:
LAZARUS NAFIDI HEAD: COMMUNICATION & CORPORATE AFFAIRS Environmental Investment Fund of Namibia Funding the future of the green economy
Creation of the Environmental Investment Fund of Namibia Overview of how the Fund is managed Focal areas of Green funding by the EIF CONTENT ROADMAP TO CREATING THE EIF INVESTMENT APPROACH GOVERNANCE STRATEGIC FOCUS IMPACT TO DATE An overview of the Fund’s green impact in Namibia PLANS FOR 2014/2015 An excerpt of activities to come! Brief look at EIF financial delivery tools developed
1992: The Namibian Green Plan. 1992: ‘Founding President’ H.E. Sam Nujoma presents the Namibia Green Plan at the Rio Earth Summit. Green Plan proposal included and accepted as part of the first National Development Plan (NDP1). 13 th February 2012: The Environment Investment Fund of Namibia is officially launched ROADMAP 6 th December 2001: Namibia’s Parliament passes the Environment Investment Fund of Namibia Act
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.”
The 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. MISSION
Concessional Loans Features: Ring fenced for green investments Charged up to prime minus 4.25% with a permissible grace period of up to 12 months Minimum loan N$ 500,000 Maximum loan, N$ 4 million Maximum 10 years repayment period
Association with EzyStove: the internationally Award-winning Energy-saving stove Saves approximately 1,400 trees a year 30,240 fewer hours a year spent collecting fuel wood which can be used for more productive activities CO 2 emissions per year reduced by 216 tones and 60% reduction in toxic emissions Saves approximately N$ 50,200 a year on money spent on firewood 1,060 Ezy Stoves were sold during Trade Expos between January 2012 and February 2013.
Olushandja Horticulture Farmers Association: Winner of the 2013 Small Scale Farming Category presented by the Namibia Agronomic Board
New institutional partnerships: Launch of EIF/SME Bank Green Soft Loans
Discovery of a new plant species Hmmm, wonder what they’ll name me!