Tuesday , June 9 2026

Namibia Unlocks $250 Million in Climate Finance to Build Its Industrial Future

In a move to prepare a Sectoral Transformation Investment Plan that could unlock up to $250 million in concessional climate finance, Namibia is positioning to translate its green industrialisation ambitions into a concrete pipeline of bankable projects spanning energy, mining, agriculture and manufacturing.

Deputy Minister of Industries, Mines and Energy Gaudentia Kröhne announced the development at the media launch of the African Green Industries Summit 2026, scheduled for 9 – 10 September 2026 in Swakopmund,Namibia. The STIP is being developed under the Climate Investment Funds Industry Decarbonisation Programme and is expected to be submitted to the CIF for review in October 2026. “This facility is more than just a source of financing. It is a catalytic instrument that enables Namibia to translate policy into practical industrial investments, unlock industrial infrastructure, expand manufacturing, strengthen mineral beneficiation and stimulate job creation,” noted Kröhne.

The Interim Head of the Namibia Green Hydrogen Programme, Joseph Mukendwa described the STIP not merely as a financing document but as a national project pipeline-building process. The initiative has so far shortlisted 78 projects and developers covering clean energy and industrial power, enabling infrastructure, industrial decarbonisation and value addition, circular economy and low-carbon manufacturing and bioeconomy and climate innovation. “This is a strong indication that Namibia’s green industrialisation opportunity is broader than one project or one sector. It cuts across energy, mining, agriculture, logistics, manufacturing, water, transport and technology,” concluded Mukendwa. The African Green Industries Summit in Swakopmund will provide a practical platform for project owners to meet financiers, policymakers to engage with industry and investors to assess the full scope of Namibia’s emerging project pipeline.

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