DPM investment to benefit youth
TUYEIMO HAIDULA
OSHAKATI
The Tsumeb town council and Dundee Precious Metals (DPM) have entered into a three-year investment agreement to uplift vulnerable people living in the town.
The agreement is valued at N$3 million, and the money will be allocated N$1 million per year.
DPM head Zebra Kasete said, as a company, they believe in sustainability and corporate social responsibility, hence the decision to invest in the project. He added that they aim to be a long-term sustainable operator that generates value for stakeholders. "This is absolutely necessary, because creating value for our stakeholders is central to our licence to operate," he said.
The agreement is set to benefit vulnerable members of the community, with the initial focus for funding being agricultural projects. However, Kasete clarified, this does not exclude other projects that address sustainable livelihoods within the community.
DPM’s community investments are aligned to national plans and the United Nations’ Sustainable Developmental Goals to create shared value between the company, community and the government, he said.
From an investment perspective, he added that they will continue to demonstrate their commitment towards building and supporting their beautiful town to revitalise and enrich the community in which they operate.
Alleviating poverty
Tsubmeb mayor Mathews Hangula said the investment will not only address unemployment in the town, but will also help alleviate poverty.
He said with an investment as huge as that of DPM, they will also be able to address social issues, which will lead to the reduction of criminal activities in the town because unemployed youth will be kept busy.
He added that the investment will also boost the town's economy.
"Tsumeb being an agricultural town, we will be able to reclaim our position for striving to address food security and produce more," he said.
The investment will meet government halfway, the mayor said, while addressing the dependency syndrome faced by many youths.
OSHAKATI
The Tsumeb town council and Dundee Precious Metals (DPM) have entered into a three-year investment agreement to uplift vulnerable people living in the town.
The agreement is valued at N$3 million, and the money will be allocated N$1 million per year.
DPM head Zebra Kasete said, as a company, they believe in sustainability and corporate social responsibility, hence the decision to invest in the project. He added that they aim to be a long-term sustainable operator that generates value for stakeholders. "This is absolutely necessary, because creating value for our stakeholders is central to our licence to operate," he said.
The agreement is set to benefit vulnerable members of the community, with the initial focus for funding being agricultural projects. However, Kasete clarified, this does not exclude other projects that address sustainable livelihoods within the community.
DPM’s community investments are aligned to national plans and the United Nations’ Sustainable Developmental Goals to create shared value between the company, community and the government, he said.
From an investment perspective, he added that they will continue to demonstrate their commitment towards building and supporting their beautiful town to revitalise and enrich the community in which they operate.
Alleviating poverty
Tsubmeb mayor Mathews Hangula said the investment will not only address unemployment in the town, but will also help alleviate poverty.
He said with an investment as huge as that of DPM, they will also be able to address social issues, which will lead to the reduction of criminal activities in the town because unemployed youth will be kept busy.
He added that the investment will also boost the town's economy.
"Tsumeb being an agricultural town, we will be able to reclaim our position for striving to address food security and produce more," he said.
The investment will meet government halfway, the mayor said, while addressing the dependency syndrome faced by many youths.
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