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The Environmental Investment Fund (EIF) of Namibia mobilised more than N$3 billion in the past 11 years. The EIF was established in 2001 with the passage of the EIF Act 13 and was tasked with raising funds for investment in projects and programs that promote sustainable development.
The Environmental Investment Fund (EIF) of Namibia mobilised more than N$3 billion in the past 11 years. The EIF was established in 2001 with the passage of the EIF Act 13 and was tasked with raising funds for investment in projects and programs that promote sustainable development. It was officially launched on 13th February 2012 by the then President, Hifikepunye Pohamba. Since then, the Fund, which primarily sources funding from multilateral and developmental funding institutions and partners, has disbursed grants totaling more than N$583 million – one of its most visible impacts.
The mission of the Environmental Investment Fund of Namibia (EIF) is to provide a sustainable source of funding to support environmentally sound development in Namibia and do so in a manner that complements programmes and actions of both the public and private sectors.
More than 240,256 hectares of land have been conserved, 71 grants have been approved for various environmental projects, and more than 950 job opportunities, mostly rural and seasonal, have been created. EIF retrofitted 169 boreholes, benefiting over 77 000 people who now have access to potable drinking water, and received N$820 million from Agence Française de Développement (AFD) for a concessional Green Credit Line with a participating commercial bank under the SUNREF project in Namibia.
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The EIF plays a critical role in ensuring the sustainable use of all of the country’s natural resources, as well as the fair and equitable distribution of benefits that result.
