1. Funding the future of the green economy
LAZARUS NAFIDI
HEAD: COMMUNICATION & CORPORATE AFFAIRS
Environmental Investment Fund of Namibia

2. Content Creation of the Environmental Investment Fund of Namibia
ROADMAP TO CREATING THE EIF
Creation of the Environmental Investment Fund of Namibia
Governance
Overview of how the Fund is managed
STRATEGIC FOCUS
Focal areas of Green funding by the EIF
Investment approach
Brief look at EIF financial delivery tools developed
Impact to date
An overview of the Fund’s green impact in Namibia
PLANS FOR 2014/2015
An excerpt of activities to come!

3. Roadmap
13th February 2012:
The Environment Investment Fund of Namibia is officially launched
Green 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 Act
1992:
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. Mission
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.

6. Our Strategic focus Natural Resources Management
Green Technology Investments
Tourism Concession and Development
Sustainable Industrial practices (e.g. Responsible agriculture, mining & pesticide management)
Research and development, education and awareness raising

7. ‘‘...Our Financial Delivery Mechanisms…’’

8. GRANTS
Features
Project investments that are not recoverable in monetary terms,
Investments envisaged to bear socioeconomic & livelihood returns
Full project implementation grants, maximum N$ 500,000
Seed grants at N$ 10,000
Civil 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 months
Minimum loan N$ 500,000
Maximum loan, N$ 4 million
Maximum 10 years repayment period
Applications 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 skills
shortage in Namibia
Supports both undergraduates
and 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$ 8.4m
353
job opportunities
Bursaries and research Awards
N$ 1.3m
Estimated
Beneficiaries
10855 people
Green Soft loan through SME Bank
N$ 3 m

14. Investment per focal area

15. NRM, Biod Cons
Green Technology
Responsible mining
Tourism & Research

16. = N$ 79m Project Management Support
UNCCD COP 11
UNFCCC
Successfully managed projects valued at
N$ 79m =
UNDP Small Grants Programme
(HI)
Biodiversity and Land Management Project
Climate Change Adaptation Project

17. ‘‘Challenges’’

18. General understanding of environmentally based enterprise development remains a challenge
Green financing requires skills that are rare or very competent on the job market
Green financing demands substantial amount of investments of which the Fund is unable to provide

19. ‘‘highlights of the fund’’

20. Winning the Global Sustainable Finance Award

21. Winning the Global Sustainable Finance Award

22. 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
CO2 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.

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!

26. First EIF Bursary awards

27. Catalysing local level innovation

28. This year …
Increased coverage

29. Going Forward… Launch the concessional loan book portfolio
Unlock the potential of environmental levies in Namibia
The creation of “Green jobs”

30. Going Forward…
Position the Fund to be a National Implementing entity for climate financing
Implement community adaptation to Climate change related impacts
Create awareness of sustainable consideration at local, regional, national levels
Support national research on E-Waste, used tyres, chemicals and toxic products

31. Thank you for listening
2nd Floor Capital Centre, Independence Avenue, Windhoek Namibia
FACEBOOK AND TWITTER