10/08/2026
Prime Minister Russell Mmiso Dlamini today received a courtesy visit from a delegation from the Environmental Investment Fund of Namibia (EIF), which is in the country to assess Eswatini’s potential to transform the Eswatini Environment Fund into a mega fund capable of mobilising significant financing for sustainable development.
Led by EIF Chief Executive Officer Benedict Libanda, the delegation briefed the Prime Minister on Namibia’s experience in establishing and scaling up its environmental investment fund.
Since its establishment, the EIF has mobilised approximately E27 billion in funding and financed projects across a range of sectors, including sustainable agriculture, with a focus on drought-resistant crops and livestock; waste management; biodiversity conservation; marine projects; renewable energy; and carbon markets, among others.
Libanda further informed the Prime Minister that the EIF had recently secured US$1 billion from the Climate Investment Fund, comprising US$20 million in grants, with the remainder provided as credit to businesses.
Sharing the findings of their preliminary assessment of Eswatini’s potential, Libanda said the country had significant opportunities in renewable energy, particularly solar energy, which could form an important component of a strengthened environmental investment financing model.
The Prime Minister welcomed the insights shared by the Namibian delegation and expressed appreciation for the EIF’s experience and expertise. He said he looked forward to receiving a concept note outlining how Eswatini could develop a similar model, or potentially adopt a hybrid approach suited to the country’s unique development needs.