The Environmental Investment Fund (EIF) of Namibia’s green industrial zone proposal has been shortlisted for €25 million (approximately N$625 million) in funding under the global Mitigation Action Facility.
The proposal is among 20 shortlisted from over 500 global submissions.
According to a statement issued by the EIF, the organisation has already acquired land for the development of the green industrial zone project at farm 58 in the Erongo region.
“Once developed, the proposed green industrial zone will serve as a hub for green industries, including renewable energy, sustainable manufacturing, clean tech industries, natural resources value chain development and other activities that reduce the impact of climate change,” the statement reads.
Submitted in July, the project proposal underwent a rigorous virtual assessment in August, with a final board decision expected in October.
If approved, the funding will be transformative, driving low-carbon industrialisation, creating green jobs, and strengthening Namibia’s transition to a sustainable economy.
EIF chief executive Benedict Libanda says the project will make a direct contribution to Namibia’s nationally determined contributions under the Paris Agreement.
“This is not just a project; it is a bold step for Namibia. It demonstrates our readiness to pioneer a new model of industrialisation, one that places sustainability, innovation, and people at the centre.”
The project is being advanced in partnership with the Namibia Green Hydrogen Programme and the United Nations Industrial Development Organisation.
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