{"id":52555,"date":"2023-09-01T17:38:23","date_gmt":"2023-09-01T17:38:23","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure"},"modified":"2023-09-01T17:58:08","modified_gmt":"2023-09-01T17:58:08","slug":"dbn-secures-n600-million-for-climate-related-infrastructure","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure","title":{"rendered":"DBN secures N$600 million for climate-related infrastructure"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Development Bank of Namibian (DBN) and KfW Development Bank signed the second concessional loan of around N$600 million (translating to \u20ac30 million) on 30 August 2023. This financing is to be used for the development of Namibian climate-related infrastructure such as renewable energy, water, and low-carbon transport projects.<\/p>\n

Climate-appropriate financing is fast-growing, not only globally, but also in Namibia. The DBN addresses this much-needed financing in the local market with the support of the German Development Cooperation. DBN\u2019s portfolio of climate-mitigating projects encompasses infrastructure projects for solar photovoltaic and wind generation, as well as rural and urban water infrastructure and public transport projects.<\/p>\n

The new credit line will provide long-term financing to enable the DBN to provide private and public investors incentivised conditions for climate-related infrastructure projects.<\/p>\n

This latest loan follows the first credit line of approximately N$240 million signed in December 2018, which was successfully placed in the market, primarily assisting private companies to set up solar PV infrastructure.<\/p>\n

At this week\u2019s signing ceremony, KfW Country Director Beatrice Lucke congratulated the DBN, saying \u201cThe DBN\u2019s main objective to contribute to economic growth and social development in Namibia will increasingly be achieved by attracting investment in green and transformative infrastructure, which is the basis for any sustainable development around the world.\u201d She hopes that the concessional loan can be used to finance projects which maximise these objectives.<\/p>\n

DBN CEO Martin Inkumbi said the bank has built up a significant project pipeline for eligible projects, particularly in the renewable energy space, over the past years, and is looking forward to ultimately move ahead with the financing. He added that access to affordable financing is a key element for the realisation of climate-related infrastructure projects, and that the bank is not just aware of the need for infrastructure which reduces emissions, but also for climate adaptation in light of the threats of heat and drought to Namibia.<\/p>\n

Inkumbi expressed his appreciation to KfW and the German government for the relationship that aims to provide solutions to climate challenges, and said the funding would provide the bank additional leeway to further develop and refine models and options.<\/p>\n

This, he noted, would assist in growing the bank\u2019s portfolio of projects to address climate change and adaptation, and position the DBN as the \u201cnational and regional climate bank\u201d.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The Development Bank of Namibian (DBN) and KfW Development Bank signed the second concessional loan of around N$600 million (translating to \u20ac30 million) on 30 August 2023. This financing is to be used for the development of Namibian climate-related infrastructure such as renewable energy, water, and low-carbon transport projects. Climate-appropriate financing is […]<\/p>\n","protected":false},"author":84,"featured_media":52553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,12],"tags":[234,236,233],"class_list":["post-52555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-policy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nDBN secures N$600 million for climate-related infrastructure - Namibia<\/title>\n<meta name=\"description\" content=\"The Development Bank of Namibian (DBN) and KfW Development Bank signed the second concessional loan of around N$600 mill ...\" \/>\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\/dbn-secures-n600-million-for-climate-related-infrastructure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DBN secures N$600 million for climate-related infrastructure\" \/>\n<meta property=\"og:description\" content=\"The Development Bank of Namibian (DBN) and KfW Development Bank signed the second concessional loan of around N$600 mill ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure\" \/>\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=\"2023-09-01T17:38:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-01T17:58:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/09\/sm_1693578420.733252.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\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\/dbn-secures-n600-million-for-climate-related-infrastructure#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"DBN secures N$600 million for climate-related infrastructure\",\"datePublished\":\"2023-09-01T17:38:23+00:00\",\"dateModified\":\"2023-09-01T17:58:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure\"},\"wordCount\":403,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/09\/sm_1693578420.733252.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-secures-n600-million-for-climate-related-infrastructure\",\"name\":\"DBN secures N$600 million for climate-related infrastructure - 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