03 Oct 2015 11:50am
OSHAKATI, 03 OCT (NAMPA) The Namsov Community Trust (NCT) will grant N.dollars 500 000 to each of the 14 regions for three years, said NCTs chief sustainability officer, Tuna Willem.
She said this on Wednesday during her consultations with the Oshana Regional Council on the disbursement of the said grant.
The grants allocation will start this year, and each region will receive N.dollars 1.5 million over three years.
Grants are to fund community projects, with the objective to sustainably improve the lives of Namibian people.
Community members, mostly groups, will be granted funding to establish projects such as gardens in their respective constituencies to create jobs, provide food and fight poverty.
I have visited Erongo already and my coming to Oshana Region is my second regional visit, Willem told those who attended the meeting.
Her next visit will be to the Omaheke Region on 14 October.
Speaking at the same meeting, Oshana Regional Governor, Clemens Kashuupulwa said Namsov has granted N.dollars 1.2 million for the needs of the communities in his region before.
But, the previous grant was not disbursed through the governors office, he explained.
The latest grant of N.dollars 500 000 will be paid into the Governors Endowment Fund and will be disbursed in two funding rounds per year.
A technical committee, chaired by the Oshana Chief Regional Officer, Martin Elago, has been established to oversee, manage, implement and report on the projects of the Governors Endowment Fund.
Kashuupulwa indicated that applicants will be invited to apply for funding limited to N.dollars 30 000 per applicant.
Projects with duty stations within the Oshana Region or businesses with direct economic benefits to the region are potential beneficiaries.
The funding areas of focus are education; community development; enterprise development; health; information and communication technology; and natural resources.
The NCT holds 10 per cent shareholding in Namsov Fishing Enterprises. Through dividends paid to the shareholders, the Trust is able to assist and support underprivileged and disadvantaged people and communities in all regions of Namibia.
Namsov Fishing Enterprises is the main operating company of Bidvest Namibia Fisheries Holdings (Bidfish), and has been engaged in the horse mackerel fishing industry in Namibia since 1990. Namsov is a large supplier of quality horse mackerel to countries in West Africa and the Southern African Development Community region.