Orange Earth

LAZARUS NAFIDIHEAD: COMMUNICATION & CORPORATE AFFAIRSEnvironmental Investment Fund of Namibia

Funding the future of the green economy

Creation of the Environmental Investment Fund of NamibiaOverview of how the Fund is managedFocal areas of Green funding by the EIFContentROADMAP TO CREATING THE EIFInvestment approachGovernanceSTRATEGIC FOCUS

Impact to dateAn overview of the Funds green impact in Namibia PLANS FOR 2014/2015An excerpt of activities to come!Brief look at EIF financial delivery tools developed1992: The Namibian Green Plan. 1992: Founding President H.E. Sam Nujoma presents the Namibia Green Plan at the Rio Earth Summit. Green Plan proposal included and accepted as part of the first National Development Plan (NDP1). 13th February 2012: The Environment Investment Fund of Namibia is officially launchedRoadmap6th December 2001: Namibias Parliament passes the Environment Investment Fund of Namibia ActGovernance

The powers and functions of the Board are to accountably, efficiently and properly manage and control the affairs and properties of the Fund and, for that purpose and in furtherance of the objects of the Fund.Full political support4The Mission of the EIF is to promote the sustainable economic development of Namibia through investment in and promotion of activities and projects that protect and maintain the natural and environmental resources of the country. Mission

Green Technology Investments Natural Resources Management

Tourism Concession and Development Sustainable Industrial practices (e.g. Responsible agriculture, mining & pesticide management)Research and development, education and awareness raising Our Strategic focus

...Our Financial Delivery Mechanisms

GRANTSFeaturesProject investments that are not recoverable in monetary terms,

Investments envisaged to bear socioeconomic & livelihood returns

Full project implementation grants, maximum N$ 500,000

Seed grants at N$ 10,000

Civil society, private sector & individuals, etc.

Applications are assessed on merit comprising of social and economic development impact, high environmental impact, and financial returnConcessional LoansFeatures:Ring fenced for green investments

Charged up to prime minus 4.25% with a permissible grace period of up to 12 months

Minimum loan N$ 500,000

Maximum loan, N$ 4 million

Maximum 10 years repayment period

Features:

Aimed at filling critical skills shortage in Namibia

Supports both undergraduates and post graduate students

Bursaries and Research

Features:Corporate social responsibility support to activities that integrates to our business model.

Sponsorship

.Our Impact to date at a glance.Green performanceTotal Grants Capital commitment

N$ 8.4mGreen Soft loan through SME Bank

N$ 3 mEstimatedBeneficiaries

10855 people Bursaries and research Awards

N$ 1.3m353 job opportunities Investment per focal area

NRM, Biod ConsGreen TechnologyResponsible miningTourism & ResearchProject Management Support Successfully managed projects valued at N$ 79mBiodiversity and Land Management ProjectUNFCCCUNCCD COP 11Climate Change Adaptation Project UNDP Small Grants Programme(HI)=ChallengesGreen financing requires skills that are rare or very competent on the job market General understanding of environmentally based enterprise development remains a challenge

Green financing demands substantial amount of investments of which the Fund is unable to provide

highlights of the fundWinning the Global Sustainable Finance Award

Winning the Global Sustainable Finance Award

Association with EzyStove: the internationally Award-winning Energy-saving stoveSaves approximately 1,400 trees a year

30,240 fewer hours a year spent collecting fuel wood which can be used for more productive activities

CO2 emissions per year reduced by 216 tones and 60% reduction in toxic emissions

Saves approximately N$ 50,200 a year on money spent on firewood

1,060 Ezy Stoves were sold during Trade Expos between January 2012 and February 2013.

Olushandja Horticulture Farmers Association: Winner of the 2013 Small Scale Farming Category presented by the Namibia Agronomic Board

New institutional partnerships: Launch of EIF/SME Bank Green Soft Loans

Discovery of a new plant species

Hmmm, wonder what theyll name me!First EIF Bursary awards

Catalysing local level innovation

This year

Increased coverage

Going Forward

The creation of Green jobs

Launch the concessional loan book portfolioUnlock the potential of environmental levies in NamibiaGoing Forward

Create awareness of sustainable consideration at local, regional, national levelsPosition the Fund to be a National Implementing entity for climate financing

Implement community adaptation to Climate change related impacts

Support national research on E-Waste, used tyres, chemicals and toxic products

info@eifnamibia.com2nd Floor Capital Centre, Independence Avenue,WindhoekNamibiawww.eifnamibia.com Thank you for listening

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