17
Oct
CHAMWE KAIRA Local banks have issued green bonds worth N$980 million in the last six years, figures presented at a Bank of Namibia green financing meeting have shown. Bank Windhoek issued the country’s first green bond in 2018 and a sustainability bond in 2021, raising N$227 million to fund renewable energy, sustainable agriculture, and biodiversity projects. In 2022, Standard Bank Namibia issued a green bond to raise N$400 million for solar and wind energy projects, while RMB Namibia, in partnership with FNB Namibia, raised N$353 million for green buildings and renewable energy initiatives. Central bank governor Johannes !Gawaxab said the…