Staff Reporter
NEDBANK Namibia has invested N$350 000 in the national green hydrogen project to support the Ministry of Mines and Energy’s initiative of bridging skill and capacity gaps in the country’s emerging green hydrogen economy.
The ministry’s initiative aims to propel the country towards self-reliance in green hydrogen production by cultivating essential skills and fostering collaborative efforts for the emerging green hydrogen economy.
The Minister of Mines and Energy, Tom Alweendo, hailed Nedbank’s contribution as a significant milestone in Namibia’s goal of creating a more environmentally friendly future. According to him, the contribution underscores Namibia’s unwavering commitment to taking a leading role on the global stage in renewable energy.
“The collaborative approach that we have taken with Nedbank Namibia underscores further that our mission transcends individual interests and resonates with our collective aspirations,” he added.
According to Nedbank, the transfer of their contribution, while more than symbolic, serves to reinforce Namibia’s commitment to a green hydrogen future. Nedbank explained that the ministry will spearhead the realization of the green hydrogen vision for the country, and the bank has affirmed its dedication to accelerating progress in this sector.
The bank added that the partnership underscores the pivotal roles that the public and private sectors must play in steering the nation’s socio-economic development agenda. By partnering, Nedbank explained, entities leverage their respective strengths, resources, and expertise to address the complex challenges that the country faces on the global stage.
“We realized just how important the green hydrogen initiatives are set to become for the economic growth of our country. Nedbank Namibia has had a vested interest in environmental sustainability, in particular, having pioneered the establishment of our Go Green Fund 22 years ago already,” Nedbank Namibia’s Managing Director, Martha Murorua, said.
She added that the alignment between the government’s green hydrogen economy vision and the capability of the private sector has the potential to create a robust framework for continued growth, thereby ensuring Namibia’s global competitiveness.
” We firmly believe in the viability of the Green Hydrogen and Derivatives Strategy, which is why we are contributing these funds towards the ultimate realisation of the strategy. We do so, as we will always be supportive of a programme that will establish our country as a global forerunner in a specific field,” Murorua added.
