Roll-out of green loans earmarked for youth entrepreneurs

Martin Endjala A green concessional loan facility, targeting youth entrepreneurs will be rolled out to the tune of N$72 million over the next 12 months and is expected to grow to N$300 million by the 2024/25 financial year. This was revealed by the Minister of Finance and Public Enterprises, Iipumbu Shiimi during his Financial Year 2023/24 National Budget as well as the Medium Term Expenditure Framework for FY2023/24 – FY2025/26 on 22 February 2023. During the 2023/24 financial year, the Environmental Investment Fund (EIF) through an Ecosystem-based Adaptation Project funded by the Green Climate Fund, will provide grants amounting to…