Namibia: AfDB Backs Hyphen With N$100m

Namibia’s ambition to establish itself as a major global producer of green hydrogen and its derivatives received a significant vote of confidence, with the African Development Bank (AfDB) selecting Hyphen Hydrogen Energy for a prospective US$5.93 million (about N$100 million) reimbursable grant to advance its flagship green hydrogen project towards Final Investment Decision (FID).

The funding, which remains subject to approval by the AfDB Board of Directors, represents the latest financial backing…