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Capricorn pumps millions into welfare projects

Jo-Maré Duddy
Locally-listed Capricorn Group invested N$21.7 million in social responsibility programmes and projects in Namibia and Botswana in the year ended 30 June 2023 – about 33% or N$5.4 million than its previous book-year.

The group, which includes the Capricorn Foundation and Capricorn subsidiaries Bank Windhoek, Capricorn Asset Management, Entrepo and Bank Gaborone, released its annual Social Value Report yesterday.

"As the private sector, we have a crucial role in spurring economic growth and development,” said Gerhard Fourie, chairperson of Capricorn Group.

The report emphasised the 32 projects supported by the Capricorn Foundation. The foundation was established in February 2020 as a non-profit company and registered welfare organisation to act as the main vehicle of Capricorn Group’s corporate social responsibility (CSR) programmes.



Projects



The foundation focused on many projects during the past year, but two of its primary focus areas include education and food security.

The Capricorn Foundation Food Waste Challenge is the first signature project of the foundation and has been hugely effective in creating broad awareness of the issue of food waste that contributes to food insecurity.

Other projects include Amos Meerkat Syllabus, The African Child Development Trust (ACDT), Women at Work, Omba Arts Trust, Namibia Children’s Heart Trust, Ride the Ridges, as well as Men on the Side of the Road (MSR).



‘Not just paying an invoice’



“The work we do is more than just about paying an invoice,” said Marlize Horn, group executive: brand and corporate affairs and executive officer of the Capricorn Foundation.

She continued: “We consider the Namibian CSR landscape to understand the key role players, what socioeconomic challenges are being addressed and where we can work and collaborate with partners. There is so much that can be done to address the needs of society, but with every action taken, we take one step closer to creating a better tomorrow.”

Fourie said the foundation will continue to search for more signature projects that will significantly impact communities.

“We are strong advocates for collaboration, and during the past year, we experienced the power of like-minded organisations from various sectors working together to find solutions for common problems. There is ample opportunity for even more collaboration to address the social challenges we experience in Namibia and Botswana,” he said.

Unemployment is a key social challenge, with the biggest unemployment demographic in Namibia being the youth.

“As Capricorn Group, we are determined to identify channels for economic enhancement and job creation, such as vocational training programmes and skills development initiatives that will improve the economic prospects of young people," Fourie said.

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Allgemeine Zeitung 2024-11-12

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 598.40/OZ DOWN -0.0098 | Copper US$ 4.13/lb DOWN -0.0231 | Zinc US$ 2 965.80/T UP 0.24% | Brent Crude Oil US$ 72.31/BBP UP +0.22% | Platinum US$ 944.59/OZ DOWN -0.0191 Sport results: Premier League: Chelsea 1 vs 1 Arsenal | Tottenham Hotspur 1 vs 2 Ipswich Town | Nottingham Forest 1 vs 3 Newcastle | Manchester United 3 vs 0 Leicester City | Liverpool 2 vs 0 Aston Villa | Brighton 2 vs 1 Manchester City | Wolves 2 vs 0 Southampton | West Ham 0 vs 0 Everton | Crystal Palace 0 vs 2 Fulham | Brentford 3 vs 2 Bournemouth Weather: Katima Mulilo: 20° | 34° Rundu: 20° | 31° Eenhana: 20° | 34° Oshakati: 23° | 33° Ruacana: 21° | 34° Tsumeb: 21° | 30° Otjiwarongo: 19° | 33° Omaruru: 20° | 36° Windhoek: 18° | 32° Gobabis: 20° | 34° Henties Bay: 14° | 19° Wind speed: 24km/h, Wind direction: S, Low tide: 06:17, High tide: 12:44, Low Tide: 18:58, High tide: 01:18 Swakopmund: 14° | 15° Wind speed: 27km/h, Wind direction: SW, Low tide: 06:15, High tide: 12:42, Low Tide: 18:56, High tide: 01:16 Walvis Bay: 13° | 21° Wind speed: 31km/h, Wind direction: SW, Low tide: 06:15, High tide: 12:41, Low Tide: 18:56, High tide: 01:15 Rehoboth: 18° | 32° Mariental: 17° | 34° Keetmanshoop: 17° | 34° Aranos: 19° | 35° Lüderitz: 14° | 32° Ariamsvlei: 18° | 34° Oranjemund: 13° | 22° Luanda: 25° | 27° Gaborone: 17° | 31° Lubumbashi: 18° | 34° Mbabane: 13° | 26° Maseru: 12° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 35° Maputo: 20° | 33° Windhoek: 18° | 32° Cape Town: 16° | 20° Durban: 18° | 23° Johannesburg: 14° | 28° Dar es Salaam: 25° | 31° Lusaka: 19° | 32° Harare: 19° | 27° Economic Indicators: Currency: GBP to NAD 23.06 | EUR to NAD 19.24 | CNY to NAD 2.51 | USD to NAD 18.14 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3.13 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.09 | USD to AOA 918.14 | USD to BWP 13.56 | USD to EGP 49.16 | USD to KES 129.2 | USD to NGN 1654.88 | USD to ZAR 18.14 | USD to ZMW 27.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14691.26 Up +0.19% | Egyptian Exchange (EGX) 30 Index 31621.29 Up +0.72% | Botswana Stock Exchange (BSE) DCI 9879.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 598.40/OZ DOWN -0.0098 | Copper US$ 4.13/lb DOWN -0.0231 | Zinc US$ 2 965.80/T UP 0.24% | Brent Crude Oil US$ 72.31/BBP UP +0.22% | Platinum US$ 944.59/OZ DOWN -0.0191