SUNREF Namibia programme
The Sustainable Utilization of Natural Resources and Energy Finance (SUNREF) programme is the global green finance label of the Agence Française de Développement (AFD). In the context of energy and environmental transition, SUNREF helps private actors in southern hemisphere countries seize the opportunities of this transition via an innovative approach and encourages local banks to finance it. Since 2006, 42 SUNREF projects have been successfully implemented, in partnership with 70 local banks in some 30 countries of operation, for a total commitment of over EUR 2.5bn of loans allocated by AFD, of which EUR 1.2bn has been disbursed.
In Namibia, the SUNREF 3-year programme, developed by the (AFD) mobilizes commercial Namibian banks to finance private sector investments in green technologies in the sustainable agriculture, sustainable tourism, renewable energy and energy efficiency market segments.
FNB Namibia, Bank Windhoek and Nedbank are the commercial banks that provide this green line of credit to project sponsors, while the Environmental Investment Fund of Namibia will provide technical assistance to the three participating banks.
SUNREF Namibia: an innovative program that supports local businesses to seize the opportunities of ecological transition
The aim of the SUNREF Namibia is to facilitate access to affordable green technologies, thereby guaranteeing the development of a low carbon environmental footprint and contributing to the reduction of the causes of climate change and other environmental disturbances in Namibia.
Financing to enterprises under this programme will be made available through the three participating commercial banks that will each disburse a total investment of 15 million Euros for green investments in the sustainable agriculture, sustainable tourism, efficient technologies, and renewable energy market segments.
Agence Française de Développement (AFD), a public financial institution that implements the policy defined by the French Government, works to combat poverty and promote sustainable development. AFD operates on four continents via a network of 75 offices and finances and supports projects that improve living conditions for populations, boost economic growth and protect the planet. In 2015, AFD earmarked EUR 8.3bn to finance projects in developing countries and for overseas France.
SUNREF Namibia technical contact:
Mr. Cosmos Shaduka (Programme Assistant: Technical Assistance Facility)
Email: firstname.lastname@example.org; Tel: +264 61 431 7729 or +264 811 4545 85