NAMIBIA, has been invited to participate in CIF’s ground breaking N$18. 5 billion ( US$1 billion) Industry decarbonisation investment programme.
The country was chosen from twenty-six global applicants and has now been invited to craft an investment plan that outlines how it plans to mobilize up to US$250 million of concessional capital to pioneer industry decarbonisation within its borders and beyond.
Namibia’s application ranked third globally and was crafted and submitted by the Namibia Green Hydrogen Programme in partnership with the global asset manager Ninety One.
The programme is the first global concessional finance initiative dedicated to reducing industrial greenhouse gas (GHG) emissions in developing countries.
Commenting on the grant Tariye Gbadegesin, Chief Executive Officer of CIF said: “The global race to decarbonize industry has begun, and emerging markets are out front. Decarbonizing Industry is about more than emissions – it’s about securing long-term prosperity and the jobs of tomorrow. And it’s about producing the low-carbon industrial inputs that are urgently needed to expand renewable energy capacity and power the global economy.”
Chief Sustainability Officer of Ninety One, Nazmeera Moola said: “Namibia’s selection for the CIF program shows just how big the opportunity is for emerging markets to lead in the move towards cleaner, more sustainable industries. What matters now is turning that opportunity into real, lasting impact. At Ninety One, we have decades of experience investing in emerging markets, helping to direct capital where it can deliver meaningful change. We’re proud to bring this expertise to our partnership with the Namibia Green Hydrogen Programme,ensuring that investment does not just flow, but builds industries, supports communities and drives progress.
“The funding is designed to support the private sector in developing clean technology supply chains, catalyse investment in low to net-zero carbon business models, and drive the regional transition of high-emitting industries toward zero-carbon practices.
The program also aims to position recipient countries for long-term economic competitiveness and will
enable them to take advantage of the global market for green industrial goods projected to reach US$2 trillion
by 2030.
Managing Director of Africa, Ninety One, Eino Emvula discribed the programme as a huge development project for Namibia.
“This is a big moment for Namibia. With the CIF’s support, we have a real opportunity to grow our economy in a cleaner, more sustainable way, enhance our energy independence and serve as a model for other emerging market,” he said
He added that, “ At Ninety One, we’ve seen first-hand how well-deployed capital can transform economies and uplift communities. By building sustainable industries from the ground up, Namibia can set a compelling example for other emerging markets
striving to reach net zero in a way that works for their people and their future.”
Director for Climate Change and Green Growth at African Development Bank (AfDB) Anthony Nyong said Dr abomination will provide sustainable growth.
“As one of the fastest-growing regions after Southeast Asia, with a relatively clean baseline, Africa is uniquely positioned to leapfrog towards a zero- emission, climate-resilient future. Investing in Africa’s decarbonization sector offers high-impact, efficient, and
inclusive outcomes,” said Nyong.
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