GCF approves two grants valued at N.dollars 300 million

19 Oct 2016 20:40pm
WINDHOEK, 19 OCT (NAMPA) – The Green Climate Fund (GCF) through the Environment Investment Fund of Namibia (EIF) approved grants valued at N.dollars 300 million for climate action in Namibia.
An agricultural project valued at N.dollars 150 million will be implemented in the Zambezi, Kavango East and West regions to reduce food insecurity.
The other N.dollars 150 million will be used as a grant to support community based natural resource management in Namibia.
Both projects are expected to last for five years starting from 01 February 2017 and ending 2020.
Speaking at a media conference on Wednesday, Minister of Agriculture, Water and Forestry (MAWF) John Mutorwa said both projects will contribute towards food security and poverty reduction.
“We expect that the two projects will contribute significantly towards ensuring the sustainability of the country’s natural resources; improve food security; and build capacities for crop growing famers as well as forest resource users,” he noted.
MAWF will execute the project with the transformation of the Mashare Agricultural Development Institute (MADI) near Rundu into the Mashare Climate Resilient Agriculture Centre of Excellence.
The centre will develop capacities for many farmers as alternative farming practices will be introduced through various training programmes. More than 7 000 farmers are targeted. The piloting of a crop failure insurance scheme for communal crop farmers will also be implemented.
This is ground breaking for Namibia, according to Mutorwa. He invited private companies to be part of the scheme.
At the same occasion, the Minister of Environment and Tourism Pohamba Shifeta said the grant to support community based natural resource management will seek to ensure that assets, livelihoods and ecosystem services are protected from climate-induced risks associated with expected droughts, seasonal shifts and other climate disaster events. About 62 000 people will benefit from the project.
“I am confident that these projects will make an impact and improve the livelihoods of communities on the ground,” added Shifeta.
GCF made the decision at its 14th board meeting that took place in South Korea from 12 to 14 October 2016.
(NAMPA)
PC/EKM/ND