Nam bags billions in grants, loans
These streams of capital will be an essential bloodline required to build a green and blue economy, commented James Mnyupe, Namibia’s green hydrogen commissioner and economic advisor to Pres Hage Geingob.
Today’s announcements were:
US$43 mln – Grant from Invest International to government
5 mln euro – Grant from European Investment Bank to government
10 mln euro – Grant from the European Investment Bank to Hyphen
25 mln euro – Concessionary loan to Hypen
10 mln euro – Grant from European Investment Bank to HDF Energy
500 mln euro – Concessionary optional facility from European Investment Bank to government.
According to Mnyupe, government has mobilised more than N$11 billion since the launch of the Harambee Prosperity Plan II in March last year.
Germany’s federal ministry of education and research granted government 40 million euro last August.