Pres Hage Geingob (2nd from the right) and the president of the European Commission, Ursula von der Leyen. Photo Contributed
Pres Hage Geingob (2nd from the right) and the president of the European Commission, Ursula von der Leyen. Photo Contributed

Nam bags billions in grants, loans

A total of 593 million euro – about N$10.6 billion at the current exchange rate – was pledged today to Namibia in grants and concessionary loans at the COP27 climate summit in Egypt.

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.

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Premier League: Chelsea 6 vs 0 Everton | Arsenal 0 vs 2 Aston Villa | West Ham 0 vs 2 Fulham | Liverpool 0 vs 1 Crystal Palace | Bournemouth 2 vs 2 Manchester United | Manchester City 5 vs 1 Luton Town | Brentford 2 vs 0 Sheffield United | Burnley 1 vs 1 Brighton | Nottingham Forest 2 vs 2 Wolves | Newcastle 4 vs 0 Tottenham Hotspur LaLiga: Osasuna 0 vs 1 Valencia | Real Sociedad 2 vs 2 Almería | Athletic Club 1 vs 1 Villarreal | Granada 2 vs 0 Deportivo Alaves | Las Palmas 0 vs 2 Sevilla | Cadiz 0 vs 1 Barcelona | Mallorca 0 vs 1 Real Madrid | Rayo Vallecano 0 vs 0 Getafe | Atletico Madrid 3 vs 1 Girona SerieA: Atalanta 2 vs 2 Hellas Verona | Fiorentina 1 vs 1 Genoa | Inter Milan 2 vs 2 Cagliari | Udinese 1 vs 1 AS Roma | Sassuolo 3 vs 3 AC Milan | Napoli 2 vs 2 Frosinone | Bologna 0 vs 0 Monza | Torino 0 vs 0 Juventus | Lecce 1 vs 0 Empoli European Championships Qualifying: Preston North End 0 vs 1 Norwich City | Bristol City 1 vs 1 Huddersfield Town | Swansea City 1 vs 0 Rotherham United | Hull City 3 vs 0 Queens Park Rangers | Sheffield Wednesday 1 vs 1 Stoke City | West Bromwich Albion 0 vs 1 Sunderland | Southampton 3 vs 2 Watford | Birmingham City 3 vs 0 Coventry City | Ipswich Town 1 vs 1 Middlesbrough | Millwall FC 3 vs 1 Cardiff City | Leeds United 0 vs 1 Blackburn Rovers English Championship: Preston North End 0 vs 1 Norwich City | Bristol City 1 vs 1 Huddersfield Town | Swansea City 1 vs 0 Rotherham United | Hull City 3 vs 0 Queens Park Rangers | Sheffield Wednesday 1 vs 1 Stoke City | West Bromwich Albion 0 vs 1 Sunderland | Southampton 3 vs 2 Watford | Birmingham City 3 vs 0 Coventry City | Ipswich Town 1 vs 1 Middlesbrough | Millwall FC 3 vs 1 Cardiff City | Leeds United 0 vs 1 Blackburn Rovers Katima Mulilo: 18° | 33° Rundu: 17° | 34° Eenhana: 23° | 35° Oshakati: 24° | 34° Ruacana: 23° | 36° Tsumeb: 19° | 32° Otjiwarongo: 17° | 32° Omaruru: 15° | 33° Windhoek: 13° | 29° Gobabis: 16° | 32° Henties Bay: 14° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 04:10, High tide: 10:17, Low Tide: 16:39, High tide: 23:27 Swakopmund: 15° | 16° Wind speed: 26km/h, Wind direction: SW, Low tide: 04:08, High tide: 10:15, Low Tide: 16:37, High tide: 23:25 Walvis Bay: 14° | 25° Wind speed: 31km/h, Wind direction: S, Low tide: 04:08, High tide: 10:14, Low Tide: 16:37, High tide: 23:24 Rehoboth: 13° | 31° Mariental: 14° | 30° Keetmanshoop: 16° | 30° Aranos: 16° | 32° Lüderitz: 13° | 28° Ariamsvlei: 16° | 30° Oranjemund: 13° | 23° Luanda: 26° | 29° Gaborone: 15° | 23° Lubumbashi: 15° | 25° Mbabane: 13° | 20° Maseru: 11° | 17° Antananarivo: 14° | 18° Lilongwe: 15° | 25° Maputo: 19° | 26° Windhoek: 13° | 29° Cape Town: 18° | 25° Durban: 18° | 25° Johannesburg: 13° | 21° Dar es Salaam: 23° | 25° Lusaka: 15° | 27° Harare: 13° | 26° Currency: GBP to NAD 23.6 | EUR to NAD 20.2 | CNY to NAD 2.63 | USD to NAD 19.02 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.02 | ZMW to NAD 0.75 | ZWL to NAD 0.04 | BRL to NAD 3.65 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.51 | USD to AOA 832.82 | USD to BWP 13.85 | USD to EGP 48.49 | USD to KES 131.48 | USD to NGN 1138.13 | USD to ZAR 19.02 | USD to ZMW 25.05 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 72999.63 Down -2.04% | Namibian Stock Exchange (NSX) Overall Index 1520.5 Down -2.01% | Casablanca Stock Exchange (CSE) MASI 13362.33 Down -0.08% | Egyptian Exchange (EGX) 30 Index 29400.84 Down -0.73% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 393.09/OZ UP +0.47% | Copper US$ 4.29/lb DOWN -0.0139 | Zinc US$ 2 778.00/T UP 0.01% | Brent Crude Oil US$ 90.44/BBP DOWN -0.0033 | Platinum US$ 962.70/OZ DOWN -0.0098 Sport results: Premier League: Chelsea 6 vs 0 Everton | Arsenal 0 vs 2 Aston Villa | West Ham 0 vs 2 Fulham | Liverpool 0 vs 1 Crystal Palace | Bournemouth 2 vs 2 Manchester United | Manchester City 5 vs 1 Luton Town | Brentford 2 vs 0 Sheffield United | Burnley 1 vs 1 Brighton | Nottingham Forest 2 vs 2 Wolves | Newcastle 4 vs 0 Tottenham Hotspur LaLiga: Osasuna 0 vs 1 Valencia | Real Sociedad 2 vs 2 Almería | Athletic Club 1 vs 1 Villarreal | Granada 2 vs 0 Deportivo Alaves | Las Palmas 0 vs 2 Sevilla | Cadiz 0 vs 1 Barcelona | Mallorca 0 vs 1 Real Madrid | Rayo Vallecano 0 vs 0 Getafe | Atletico Madrid 3 vs 1 Girona SerieA: Atalanta 2 vs 2 Hellas Verona | Fiorentina 1 vs 1 Genoa | Inter Milan 2 vs 2 Cagliari | Udinese 1 vs 1 AS Roma | Sassuolo 3 vs 3 AC Milan | Napoli 2 vs 2 Frosinone | Bologna 0 vs 0 Monza | Torino 0 vs 0 Juventus | Lecce 1 vs 0 Empoli European Championships Qualifying: Preston North End 0 vs 1 Norwich City | Bristol City 1 vs 1 Huddersfield Town | Swansea City 1 vs 0 Rotherham United | Hull City 3 vs 0 Queens Park Rangers | Sheffield Wednesday 1 vs 1 Stoke City | West Bromwich Albion 0 vs 1 Sunderland | Southampton 3 vs 2 Watford | Birmingham City 3 vs 0 Coventry City | Ipswich Town 1 vs 1 Middlesbrough | Millwall FC 3 vs 1 Cardiff City | Leeds United 0 vs 1 Blackburn Rovers English Championship: Preston North End 0 vs 1 Norwich City | Bristol City 1 vs 1 Huddersfield Town | Swansea City 1 vs 0 Rotherham United | Hull City 3 vs 0 Queens Park Rangers | Sheffield Wednesday 1 vs 1 Stoke City | West Bromwich Albion 0 vs 1 Sunderland | Southampton 3 vs 2 Watford | Birmingham City 3 vs 0 Coventry City | Ipswich Town 1 vs 1 Middlesbrough | Millwall FC 3 vs 1 Cardiff City | Leeds United 0 vs 1 Blackburn Rovers Weather: Katima Mulilo: 18° | 33° Rundu: 17° | 34° Eenhana: 23° | 35° Oshakati: 24° | 34° Ruacana: 23° | 36° Tsumeb: 19° | 32° Otjiwarongo: 17° | 32° Omaruru: 15° | 33° Windhoek: 13° | 29° Gobabis: 16° | 32° Henties Bay: 14° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 04:10, High tide: 10:17, Low Tide: 16:39, High tide: 23:27 Swakopmund: 15° | 16° Wind speed: 26km/h, Wind direction: SW, Low tide: 04:08, High tide: 10:15, Low Tide: 16:37, High tide: 23:25 Walvis Bay: 14° | 25° Wind speed: 31km/h, Wind direction: S, Low tide: 04:08, High tide: 10:14, Low Tide: 16:37, High tide: 23:24 Rehoboth: 13° | 31° Mariental: 14° | 30° Keetmanshoop: 16° | 30° Aranos: 16° | 32° Lüderitz: 13° | 28° Ariamsvlei: 16° | 30° Oranjemund: 13° | 23° Luanda: 26° | 29° Gaborone: 15° | 23° Lubumbashi: 15° | 25° Mbabane: 13° | 20° Maseru: 11° | 17° Antananarivo: 14° | 18° Lilongwe: 15° | 25° Maputo: 19° | 26° Windhoek: 13° | 29° Cape Town: 18° | 25° Durban: 18° | 25° Johannesburg: 13° | 21° Dar es Salaam: 23° | 25° Lusaka: 15° | 27° Harare: 13° | 26° Economic Indicators: Currency: GBP to NAD 23.6 | EUR to NAD 20.2 | CNY to NAD 2.63 | USD to NAD 19.02 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.02 | ZMW to NAD 0.75 | ZWL to NAD 0.04 | BRL to NAD 3.65 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.51 | USD to AOA 832.82 | USD to BWP 13.85 | USD to EGP 48.49 | USD to KES 131.48 | USD to NGN 1138.13 | USD to ZAR 19.02 | USD to ZMW 25.05 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 72999.63 Down -2.04% | Namibian Stock Exchange (NSX) Overall Index 1520.5 Down -2.01% | Casablanca Stock Exchange (CSE) MASI 13362.33 Down -0.08% | Egyptian Exchange (EGX) 30 Index 29400.84 Down -0.73% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 393.09/OZ UP +0.47% | Copper US$ 4.29/lb DOWN -0.0139 | Zinc US$ 2 778.00/T UP 0.01% | Brent Crude Oil US$ 90.44/BBP DOWN -0.0033 | Platinum US$ 962.70/OZ DOWN -0.0098