Green Economic Transition Facility (Getf), a multi-partner initiative, has rolled out two new funding windows, unlocking capital of up to $300 000 (about K525 million) per project to accelerate green enterprise development and climate resilience.
Unveiled on Thursday in Lilongwe during a stakeholder forum, the launch marked an important step in scaling up private sector-led solutions to address environmental challenges and promote inclusive green growth.
United Nations Development Programme resident representative Fenella Frost said during the launch that the new funding windows align with Malawi 2063 First 10-Year Implementation Plan, particularly in unlocking innovative financing and strengthening the private sector’s role in climate adaptation.
“Through these new funding windows, we are inviting the private sector to bring forward solutions that are sustainable, inclusive and commercially viable initiatives that deliver environmental returns while also generating social and economic impact,” she said.
Window two is supported by the Government of Germany through the German Development Bank (KfW) and focuses on stimulating private sector investment in green business models, especially those that introduce clean energy, circular economy practices or sustainable agriculture solutions.
Germany Ambassador Ute Koenig said successful applicants will be eligible for matching grants and technical support tailored to the needs of each business.
“This facility supports viable projects that tackle pressing environmental challenges while creating opportunities for commercial scale-up,” she said.
Window three is funded by the Government of Flanders and targets market-based projects that build resilience to climate shocks, particularly among vulnerable groups such as women, youths and people with disabilities.
Flanders deputy general representative Laurijn Van Steenbergen said Malawi’s exposure to climate-related risks underscores the urgency of transitioning to a low-carbon, inclusive economy.
“Statistics on Malawi’s vulnerability to external shocks should serve as a call to action to expedite the green economic transition,” she said.
Ministry of Natural Resources and Climate Change Principal Secretary Yusuf Nkungula hailed the launch as a timely intervention to support local solutions to climate risk and unemployment.
“When we talk about the green economic transition, we are talking about sustainability and environmental management,” he said.
The first call for proposals under both windows opened on April 30.
Getf is domiciled in the Ministry of Natural Resources and Climate Change and seeks to stimulate environmentally sustainable investments by providing catalytic financing and technical support to local enterprises and community-based projects.
