Namibia Needs N$9.9 Billion Annually to Finance Green Growth

Namibia will need N$9.9 billion annually to meet its green growth objectives.

This is according to Heather Sibungo, the deputy minister of the Ministry of Environment, Forestry and Tourism.

Speaking during the Bank of Namibia (BoN) thought leadership event on ‘Leveraging Innovation for Green Finance’ last week, Sibungo said climate financing is necessary for the country to reach those objectives.

Sibungo noted that the finance sector could help mobilise the required funds through green bonds,…