Environmental Investment Fund (EIF)

06 Mar

Roll-out of green loans earmarked for youth entrepreneurs

ObserverNational NewsEnvironmental Investment Fund (EIF), Iipumbu Shiimi, Roll-out of green loans earmarked for youth entrepreneurs

Martin Endjala A green concessional loan facility, targeting youth entrepreneurs will be rolled out to the tune of N$72 million over the next 12 months and is expected to grow to N$300 million by the 2024/25 financial year. This was revealed by the Minister of Finance and Public Enterprises, Iipumbu Shiimi during his Financial Year 2023/24 National Budget as well as the Medium Term Expenditure Framework for FY2023/24 – FY2025/26 on 22 February 2023. During the 2023/24 financial year, the Environmental Investment Fund (EIF) through an Ecosystem-based Adaptation Project funded by the Green Climate Fund, will provide grants amounting to…

Shifeta underscores importance<br>of adapting to climate change

31 Oct

Shifeta underscores importance
of adapting to climate change

ObserverNational NewsEnvironmental Investment Fund (EIF), Sheya Shuushona Conservancy, Shifeta underscores importance of adapting to climate change

Martin Endjala The Minister of Environment, Forestry and Tourism Pohamba Shifeta highlighted that adopting to climate change is the only way to preserve the livelihoods of the people and curbing carbon emissions. He was speaking during the handover ceremony of a solar plant at Sheya Shuushona Conservancy, at the Sheya Shuushona lodge in the Otamazi constituency of the Omusati region, during his visit to the region last week. The project is funded by the Environmental Investment Fund (EIF) to the tune of N$5,191,468.13 under the Ecosystem Based Adaptation investment window under the theme, ‘Empower, Adapt, Creating Climate Change Resilient Livelihoods’…