Panel Discussion

Moderator:

Mr. Jesaya Hano-Oshike, Vice-Chairperson at Economic Association of Namibia

Panelists:

1 Mr Francois van Schalkwyk, Executive Director Investments at NIPDB

2. Ms. Claire Hobbs, Chief Treasurer at Bank Windhoek

3. Mr. Benedict Libanda - Chief Executive Officer, Environment Investment Fund

4. Leake Hangala- Namibian Chamber of Commerce and Industry (NCCI) EXCO Member

Foreign Direct Investment (FDI) of USD 6 billion through Green Hydrogen industries is needed, where will FDI come from?

Can be derived from Institutional investors through the domestic market but they will be a bit more conservative than international markets when it comes to financing.

There will be appetite but will have to look at risks closely

Various banks are looking at SMEs and not only availing capital but also advice in terms of creating a robust business plan

SDG Fund 1 will be launched during COP 27, Quarter 3 of 2023 hope to have 1 Billion USD

FDI's have deployed capital at early-stage development. Banks could potentially and collectively unlock about 7-10 billion Namibian dollars for the Green Hydrogen industry

Desire expressed to participate in all sectors of Namibia’s economy not just including Green Hydrogen.