Chamwe Kaira
Nedbank Namibia managing director Martha Murorua says the collaboration with the Namibia Power Corporation (NamPower) reflects a shared commitment to responsible capital mobilisation.
NamPower, together with co-lead arrangers Cirrus Securities and Nedbank Namibia, has listed its N$5 billion domestic medium-term note programme on the Namibian Securities Exchange (NSX).
The programme provides a platform to issue different debt instruments, including green and sustainable notes.
It allows NamPower to raise funding on competitive terms for infrastructure projects under the programme.
“Namibia’s energy future requires more than funding alone – it requires strong partnerships, clear governance and long-term thinking. Nedbank is proud to work alongside NamPower to develop frameworks that help attract capital that supports energy security while delivering meaningful environmental and social outcomes for the country,” Murorua said.
“This milestone also further extends Nedbank’s sustainable finance leadership and demonstrates our continued commitment to fostering sustainable change on the African continent,” said Nedbank’s Arvana Singh.
NamPower and Nedbank developed a sustainable finance fundraising framework as part of the partnership.
The framework sets out how green, social and sustainable funding will be raised. It defines eligible projects, guides funding decisions and commits to transparency and reporting.
It aligns investment with national priorities and international sustainable finance principles.
The framework will act as a reference point between NamPower and investors.
It aims to support investment in new generation capacity, transmission upgrades, energy storage and wider electricity access, while focusing on measurable impact.
It includes measures to ensure accountability and credibility. S&P Global reviewed the framework through a second-party opinion, confirming alignment with international standards.
NamPower will also provide ongoing reports on how funds are used and the impact of projects.
NamPower is Namibia’s national power utility. It generates, transmits, supplies and trades electricity across the country and supports reliable power supply for development and regional integration.
