A Dutch development financing institution, Invest International, is confident that every cent of the multi-million dollar grant to Namibia will be accounted for under the country's SDG1 Fund.

Invest International's Chief Executive Officer, Joost Oorthuizen, said €40 million, equivalent to N$779 million, would help kick-start financing for green hydrogen and infrastructure projects under the newly launched SDG1 Namibia Fund.

The company has lauded the government's transparency towards development financing and says it has no reservations on how the grant will be deployed.