Namibia's plans to sell green bonds to fund renewable energy and hydrogen projects have faced delays due to setbacks in the European Union's Global Green Bond Initiative (GGBI). The nation's Finance Minister, Iipumbu Shiimi, highlighted that the delay in financial close under the GGBI has impacted the timeline for Namibia's sovereign green or sustainable bond issuance. The GGBI, established by the EU to assist low- and middle-income countries in developing their green bond markets, aims to attract private investments for projects like renewable energy and sustainable agriculture. Despite the delays, Namibia, a mineral-rich country in southern Africa, remains committed to its goal of becoming a leader in green hydrogen production. The Environmental Investment Fund (EIF) plans to set up a green bond office in Namibia with technical assistance from the GGBI and intends to list the debt on the Namibian and Johannesburg stock exchanges to appeal to both local and international investors. While the specific amount to be raised through the green bonds is yet to be finalized by the government, the partnership with the EU initiative signals Namibia's dedication to sustainability and attracting green investments.