{"id":43805,"date":"2023-04-28T17:54:32","date_gmt":"2023-04-28T17:54:32","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors"},"modified":"2023-04-28T19:04:41","modified_gmt":"2023-04-28T19:04:41","slug":"local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors","title":{"rendered":"Local banks urged to support Namibia\u2019s energy and infrastructure sectors"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>A finance-focused panel at the 2023 Namibia International Energy Conference recently discussed new ways to finance and develop capital-intensive energy and infrastructure projects in Africa. The panel was held under the theme \u201cFinancing Energy &amp; Power Projects: Trends, Outlook &amp; Forecast,\u201d and focused on how Namibia can finance large-scale energy projects while structuring deals that benefit the local economy.<\/p>\n<p>As more global financial institutions move away from fossil fuel lending, emerging producers like Namibia are seeking to drive local and regional financial participation in capital-intensive projects and trade infrastructure. According to Paul Eardley-Taylor, Southern African Regional Head of Oil &amp; Gas for Standard Bank, finding a new pool of liquidity is critical, and local banks will need to ramp up support at every level of the hydrocarbon value chain.<\/p>\n<p>In addition to leveraging foreign investment, panellists discussed how the sector can use foreign support as a means of creating local capacity through regional debt and credit-support instruments. Claire Hobbs, Chief Treasurer for the Bank of Windhoek, urged local firms to take a more active role in financing Namibia\u2019s energy and infrastructure sectors. She also emphasized the importance of securing regional partners and backing local content efforts.<\/p>\n<p>To increase the availability of domestic capital, traditionally conservative pension funds are now getting involved in the sector. David Nuyoma, CEO of the Government Institution Pension Fund, has invested in a range of new energy projects, with a focus on renewable energy.<\/p>\n<p>While local and regional financing efforts are actualizing new developments, Bruce Hansen, Managing Director at Simonis Storm Securities Namibia, emphasized that such efforts are critical to the long-term success of the Namibian and African energy industry. According to Hansen, the world will need 10,000 MW of generation capacity by 2030, and innovative capital deployment structures will be necessary to meet this demand. \u2013 Namibia Daily News<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. A finance-focused panel at the 2023 Namibia International Energy Conference recently discussed new ways to finance and develop capital-intensive energy and infrastructure projects in Africa. The panel was held under the theme \u201cFinancing Energy &amp; Power Projects: Trends, Outlook &amp; Forecast,\u201d and focused on how Namibia can finance large-scale energy projects while [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":43804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,249],"tags":[234,236,233],"class_list":["post-43805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Local banks urged to support Namibia\u2019s energy and infrastructure sectors - Namibia<\/title>\n<meta name=\"description\" content=\"A finance-focused panel at the 2023 Namibia International Energy Conference recently discussed new ways to finance and d ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local banks urged to support Namibia\u2019s energy and infrastructure sectors\" \/>\n<meta property=\"og:description\" content=\"A finance-focused panel at the 2023 Namibia International Energy Conference recently discussed new ways to finance and d ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-28T17:54:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-28T19:04:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/04\/postQueueImg_1682688287.71.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Local banks urged to support Namibia\u2019s energy and infrastructure sectors\",\"datePublished\":\"2023-04-28T17:54:32+00:00\",\"dateModified\":\"2023-04-28T19:04:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/04\/postQueueImg_1682688287.71.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/local-banks-urged-to-support-namibias-energy-and-infrastructure-sectors\",\"name\":\"Local banks urged to support Namibia\u2019s energy and infrastructure sectors - 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