One Economy Foundation raises N.dollars 3 million

03 Jul 2017 06:50am
WINDHOEK, 03 JUL (NAMPA) – The One Economy Foundation raised N.dollars 3 million for the implementation of socio-economic programmes on Friday.
The foundation strives to serve as a conduit for transformation by connecting Namibia’s formal and informal economies, and serving as a bridge over which Namibians in the “second” economy or operating on the peripheries of the “first” economy can cross and fully utilise their talents in one economy.
It was established in May last year by the Office of the First Lady.
The foundation held its second annual fundraising dinner in Windhoek on Friday.
The money was raised through an auction, pledges and tickets sales. Ninety-seven per cent of the funds will be channelled to programmes on entrepreneurship, enterprise development, education, gender-based violence, health and institutional strategic support.
The other three per cent will be directed to the foundation’s administration and operations.
The executive chairperson and founder of the foundation, First Lady Monica Geingos said Namibians from all walks of life have been contributing to the vision and projects of the foundation.
“Despite the current economic climate, the One Economy Foundation will continue to support the cause of bridging the gap between two economies and ensuring this remains sustained,” said Geingos.
The fundraiser also served as an opportunity to share information about projects, lessons learned and successes achieved with key stakeholders on the foundation’s journey since its establishment.