WINDHOEK, July 23 — Namibia’s Environmental Investment Fund (EIF) will now be able to access up to 370 million Namibian dollars (about 21 million U.S. dollars) from the Adaptation Fund, following their accreditation as a national implementing entity (NIE), the EIF announced Wednesday.
“This accreditation is a testament to EIF’s strong governance and commitment to impactful climate solutions,” said EIF Chief Executive Officer Benedict Libanda.
“It opens doors to deliver innovative projects that address the real challenges faced by our people and ecosystems.” According to Libanda, the EIF is already developing a series of transformative projects to enhance climate resilience across Namibia’s communities and key economic sectors.
These initiatives, designed in close consultation with government ministries, regional authorities, civil society, and local communities, are aligned with national development and climate adaptation priorities, according to authorities.
They include strengthening resettlement farms by improving infrastructure, ensuring reliable water access, promoting climate-smart agriculture, and developing market linkages to establish long-term sustainable livelihoods for vulnerable communities.
“These projects are being refined to ensure alignment with Namibia’s Nationally Determined Contributions,” he said.
Libanda noted that as an accredited NIE, the EIF will serve as a key national conduit for Adaptation Fund resources, reducing reliance on multilateral intermediaries and fostering a more efficient, country-driven approach to climate adaptation.
“To maximize impact, EIF will soon launch an Adaptation Project Pipeline Development Strategy, engaging national stakeholders and international partners to deliver on Namibia’s climate goals,” he concluded. (Xinhua)
