More articles in this category
Top Stories

Swapo 2017 What Have They Done Series This is the first part in a series where The Villager will analyse what each of 11 Swapo Party top fou...

The Attorney General Sakeus Shanghala said the recent shack demolitions at Katima Mulilo were illegal because the town council did not have a cour...

SWAPO party Secretary General Nangolo Mbumba has today inaugurated the SWAPO disciplinary Committee at the party’s Head Office. The Commi...

The NUNW representative, Petrus Nevonga, was yesterday booted out of the Swapo Party central committee held in Windhoek because his name was not o...

Concerned SWAPO party members from the Oshikoto region have defied the usual protocol by writing straight to President Hage Geingob venting their ...

Other Articles from The Villager

EIF gets top Global Finance award

Wed, 10 July 2013 22:02
by Online Reporter
News Flash


The Environmental Investment Fund ( EIF)received an award from the Global Sustainable Finance Awards held in Karlsruhe, Germany recently.
A statement issued today by the fund states that the EIF was among eight financial institutions around the world identified for the award.
 “It is an honour for us to be recognised at this level, especially considering that we have only been in existence for a short period, said a jubilant Benedict Libanda, Chief Executive Officer, whilst receiving the award on behalf of the fund.
The award ceremony is an initiative of the Global Sustainable Finance (GSF) Network that recognises financial institutions that have successfully embedded economic, social and environmental sustainability into their business and making outstanding contributions in the field of sustainable finance.
The EIF came into being in February 2012 and has since introduced a grant making mechanism that has provided support to over 26 environmental projects across Namibia, directly benefitting roughly 6 000 community members.
The fund plans to provide subsidised green loans for the development and promotion of green related enterprises in Namibia.
This initiative set to be unveiled at the end of this July is envisaged to grant access to finance for enterprises aiming to invest in environmentally sustainable solutions for their businesses.
“The first roll out of the green soft loans is expected to benefit around 200 households. We will also target to finance about 15 Small Medium Enterprises (SMEs) involved in green enterprise development such as solar water geysers, solar water pumps, water efficient products, organic farming, eco-tourism facilities and waste management technologies,” said an ecstatic Libanda.