James Mnyupe

This, this is a strawberry flavor.

Africa's first green hydrogen service station.

If you want to attack scope two and scope three emissions, you have to start decarbonizing how you transport these new products as well.

And so at that service station, we want to start producing hydrogen, which will be used to decarbonize long-haul trucking.

We've already started making dual-fuel trucks there.

We're developing a dual-fuel train, as we speak, that will use hydrogen and diesel.

And then, of course, la pièce de résistance, we're going to take that hydrogen and combine it with nitrogen to make ammonia.

Green ammonia is a possible shipping fuel, and Belgium's largest shipping company has decided to choose Namibia as its headquarters to develop a clean shipping fleet that will run on green ammonia, having developed this particular engine in Switzerland.

Now, if the 80 million euros in grant funding was a spoon,

our ambition is to take over the whole neighborhood and sell a lot more lemonade.

So we'd probably need a blender.

So in 2024, actually in October, the Climate Investment Funds introduced a new program called the Industry Decarbonization Program.

and they invited nations from around the world to apply for an opportunity to get their share of a billion US dollars of extremely concessional money that you could use to build and scale up some of the industrial clusters that I was showing you.

We took our chances, put together a portfolio, and on January 17th of 2025, we applied.

And just last week, Friday, as I was boarding my plane to come and talk to you, we got told that Namibia's application ranked third in the whole world.

With that, we have now been given an opportunity to apply for up to 250 million US dollars of super-concessional capital, to give you an idea, 30-year tenor, 80-year grace period, and a cost of 1.1 percent in terms of the cost of capital.

Typically, we borrow at about seven percent for our euro bond.

for half the tenor.

So it's transformative.

Now, the idea is to take this capital, blend it with financing from multilateral development banks and, if possible, build a billion-dollar fund that will help us blend a lot more lemonade for Namibia.