Johannesburg: AfricUpdate – News Desk
The Bank of Namibia has announced the official launch of the Namibia Sustainable Finance Alliance (NSFA) in Windhoek. At its inaugural meeting, members of the Alliance endorsed the Terms of Reference, which define the governance framework and operational mandate of the new body. The launch marks a significant milestone, positioning the NSFA as a national platform for cooperation, dialogue, and collective action on sustainable finance.
The Alliance brings together regulators, financial institutions, industry associations, and the Government to promote sustainable finance across the financial system, facilitate knowledge sharing and capacity building within the sector, and support Namibia’s climate and development goals, including the ambition of achieving a net-zero energy-based economy by 2050. According to the Bank of Namibia, the initiative is designed to strengthen the resilience of the financial sector, channel investment into climate-smart and sustainable projects, and ensure that Namibia’s financial system contributes fully to advancing long-term national prosperity.
