The Environmental Investment Fund (EIF) of Namibia has been accredited as a National Implementing Entity (NIE) of the Adaptation Fund. According to the statement issued by CEO Benedict Libanda, the accreditation, confirmed during the intersessional period between the Adaptation Fund Board’s forty-fourth and forty-fifth meetings through Decision B.44-45/10, positions the EIF to access and manage up to US$20 million, approximately N$370 million, in international adaptation funding. 

“This accreditation is a testament to EIF’s strong governance and commitment to impactful climate solutions. It opens doors to deliver innovative projects that address the real challenges faced by our people and ecosystems,” said Libanda. 

He added that, EIF is already developing a series transformative projects aimed at enhancing climate resilience across Namibia’s communities and key economic sectors. 

“These projects are being refined to ensure alignment with Namibia’s Nationally Determined Contributions (NDCs). As an accredited NIE, EIF will serve as a key national conduit for Adaptation Fund resources, reducing reliance on multilateral intermediaries and fostering a more efficient, country-driven approach to climate adaptation. EIF will ensure all projects adhere to stringent fiduciary, environmental, and social standards,” he said. 

He noted that, to maximise impact, EIF will soon launch an Adaptation Project Pipeline Development Strategy, engaging national stakeholders and international partners to deliver on Namibia’s climate goals.