Observer

Pyronam Biochar, a Namibian subsidiary of a German company that is producing biochar is working to expand its facilities in Namibia. This investment was confirmed by the Namibia Investment Promotion and Development Board. Biochar is a charcoal-like material that is produced from plant materials such as grass, agricultural and forest residues that are decomposed at high temperatures, often during renewable energy production. The company is expecting to employ 5600 permanent workers and 5600 seasonal workers at full production. The Namibia Investment Promotion and Development also disclosed that the Namibia University of Science and Technology (NUST) is being consulted to bring…

Martin Endjala A new window of opportunity has opened for more entities seeking accreditation and access to climate change projects, as four entities have been nominated by the Green Climate Fund (GCF) project. This comes after the National Designated Authority (NDA) for climate finance, the Ministry of Environment, Forestry and Tourism strengthened national capacity to coordinate the implementation of the Green Climate Fund funding in the country. The nominated entities are Bank Windhoek, Development Bank of Namibia, Agricultural Bank and Namibia Nature Foundation. With the accreditation of the Environmental Investment Fund of Namibia (EIF) to the Green Climate Fund in…

WESCO GROUP Namibia exhibits the notion that a green economy is not only environmentally friendly, but also is also an economy that generates jobs, alleviates poverty, and creates wealth for the country. Under the umbrella of our Wesco Waste Management entity, we assert our Green Corporal Social Responsibility (CSR) by actively reducing or eliminating the negative impact that waste products have on the environment. At the same time, our highly skilled workforce demonstrates how the private sector can reduce pressures on the public wage bill through training and creation of employment opportunities. Wesco Waste Management is versatile and applies scientific…

Niël Terblanché In order to achieve the country’s objectives set to mitigate the effects of climate change, the Development Bank of Namibia (DBN) launched the Sustainable Finance Framework (SFF). According to the development bank’s Chief Executive Officer, Martin Inkumbi, the inaugural framework is aligned with the four core components of the International Capital Market Association’s (ICMA) Green Bond Principles 2021, Social Bond Principles 2021, Sustainability Bond Guidelines 2021 as well as the Loan Market Association’s (LMA) Green Loan Principles 2023 and Social Loan Principles 2023. Inkumbi stated that the framework has seven green categories which aim to achieve the environmental…