Namibia faces N$247 billion climate finance gap, requiring significant external funding
via The Namibian4 min read
Namibia is confronting a climate finance gap of US$15 billion approximately N$247.5 billion needed to meet its climate commitments by 2030. Of this total, only about US$1.5 billion N$24.8 billion is anticipated to be raised domestically, leaving roughly 90% dependent on external funding. This shortfall was a key topic at a sustainable finance engagement hosted by the Bank of Namibia and RMB Namibia. Deputy governor Leonie Dunn emphasized the urgency of financing due to Namibia's high vulnerability to climate risks, which are already impacting productivity and livelihoods. Stakeholders noted that a major challenge is not just the availability of capital, but also the lack of bankable projects that can attract private investment. Louise Brown of Triple Capital highlighted the difficulty in financing adaptation projects, which often lack clear commercial returns and rely heavily on public funding despite their importance for economic resilience. Tshepo Ntsane of RMB suggested that Namibia has strong potential to attract both domestic and international capital, particularly for transition finance aimed at decarbonizing carbon-intensive sectors. However, this requires stronger policy alignment, institutional credibility, and investment-ready frameworks to build investor confidence. Erich Gariseb of the Namibia Financial Institutions Supervisory Authority added that climate change poses a systemic risk to financial stability, necessitating coordinated action across the sector.
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This summary was AI-generated from a story originally published by The Namibian.
Must ReadA study published in October 2025 examined the impact of gender-parity quotas in Namibia, specifically focusing on the South West Africa People’s Organisation Swapo party. In 2013, Swapo revised its internal rules to alternate between a man and a woman for every spot on its parliamentary candidate list. This voluntary party quota, rather than a national policy, led to a near doubling of women's representation in the National Assembly, from 21% to 41% after the 2014 election. The research found that women in Swapo strongholds became more supportive of women's right to hold political office, with their attitudes shifting positively. Notably, men's support for women in politics did not change, indicating no backlash. The study highlights that public opinion shifted only after women took office and became visible as political leaders, not when the quota was initially announced. This suggests that observing women govern can challenge gender biases and reshape perceptions of leadership, even in culturally conservative settings. While the study clarifies the impact of voluntary quotas on attitudes, questions remain regarding the durability of these changes and how effects might vary in different political environments or regions beyond Africa.
The Meat Corporation of Namibia Meatco has exported 45.2% of its Norway beef quota by April 17, shipping 521,017.59kg out of a 1.1 million kg allocation. This represents a significant improvement compared to previous years, with quota utilization at 29.2% in 2024 and 23.4% in 2025 by the same date. Meatco attributes this faster uptake to strong demand in the Norwegian market, improved planning, tighter commercial execution, and more disciplined allocation of export volumes. Meatco interim chief executive ambassador Albertus Aochamub stated that this performance reflects a structural change in the company's approach to key export markets. The company believes this early momentum positions it to fully utilize its Norway quota in 2026 and reinforces Namibia's standing as a supplier of premium, traceable beef to high-value international markets.
The Namibian government has announced plans to expand Hosea Kutako International Airport, which includes the construction of a third terminal. This initiative aims to increase the airport's capacity and strengthen Namibia's aviation sector. Minister of Works and Transport Veikko Nekundi stated that the expansion is part of a broader strategy to improve connectivity and position Namibia as a regional aviation hub. Speaking at Aviation Week Africa 2026 in Windhoek, Nekundi emphasized that developing key airport infrastructure is a national priority. The upgrades will also involve improving air navigation systems and enhancing Namibia's role as a transit hub for the Southern African Development Community. The expansion is expected to boost passenger handling capacity and meet the growing demand for international travel and cargo movement. Nekundi highlighted the importance of aviation infrastructure in unlocking trade, tourism, and regional integration, especially under frameworks like the African Continental Free Trade Area. The government is also exploring public-private partnerships to finance aviation infrastructure, acknowledging the potential need for private investment due to competing national priorities.
Nedbank Namibia has been awarded the 2025 straight through processing STP award by Commerzbank, recognizing its efficient cross-border payment services. This marks the sixth time Nedbank has received this accolade, having previously won in 2012, 2014, 2021, 2022, and 2024. The Commerzbank STP award is given annually to correspondent banking partners globally who demonstrate high quality in processing commercial payments and financial institution transfers. Nedbank spokesperson Selma Kaulinge stated that the award reflects the bank's commitment to global best practices, precision, and reliability, enabling clients to trade, invest, and grow with confidence. The assessment for the award is based on stringent global standards, including the accuracy and completeness of payment data, which allows for automatic transaction processing without manual intervention. Nedbank highlights that while the average global STP rate for cross-border payments is 26%, and rates in parts of Africa can be lower, its recognition by Commerzbank demonstrates an exceptional level of operational discipline and technical expertise. This confirms that Nedbank’s international payments consistently pass through global banking channels with clean data and minimal manual intervention, leading to faster settlement and fewer delays for clients. Commerzbank is a German bank headquartered in Frankfurt am Main, operating in over 40 countries.