New funding for off-grid electrification

New funding for off-grid electrification

New funding for off-grid electrification

Tujoromajo Kasuto Only applicants with guaranteed income with payslips are eligible to benefit from the newly launched Green People Energy Fund. The GIZ sponsored fund provides just over five million Namibia dollars to the Solar Revolving Fund to offer subsidised loans to Namibian citizen at an interest rate of five percent per annum over five years. The Deputy Minister of Mines and Energy, Kornelia Shilunga explains that the revolving aspect of the fund is to ensure that more people benefit from the facility. The Green People’s Energy new funding window targets a different range of beneficiaries such as low-income individuals,…
Read More