• Home
  • Sport
  • ‘We Race Together’ initiative raises over a million
Corporate giant MTC and partners are happy about having raised N$1.4 million for the initiative. Photo Contributed
Corporate giant MTC and partners are happy about having raised N$1.4 million for the initiative. Photo Contributed

‘We Race Together’ initiative raises over a million

Youth and community garden projects benefit
MTC's 'We Race Together' proceeds will be split between two community programmes targeting sustainable food security and SME empowerment.
Sports Reporter
Sports Reporter

MTC and partners have announced that through the ‘We Race Together’ initiative, more than N$1.4 million was raised.

In a statement released on Thursday last week, the company said the proceeds will be split between two community programmes targeting sustainable food security and small and medium enterprise (SME) empowerment.

The sustainable food security project will support at least 10 different community garden projects across the country.

The purpose of the support is to have a lasting impact by helping communities execute a planned community garden, assisting an already existing garden with necessary support and increasing productivity.

“It is important to note that the community garden projects need to have a strong element of sustainability, has to benefit the community, and has to have an impact on the community in order to qualify for this aid.

“While we may be looking more at group-based projects, it is a fact that there may be individually run or established gardens that may need assistance and can benefit the community, through either skills transfer and employment or access to affordable food,” MTC stated.

Empowerment

Food security is a need in many areas of the country, but food hand-out programmes are not sustainable as they create a dependency syndrome, the company said.

Growing food for consumption and profit, on the other hand, is a more sustainable and long-term option for food security.

“This project will hence address sustainable food security to create self-sustaining communities,” said MTC corporate affairs manager John Ekongo.

Ekongo explained that the second project concerns SME youth empowerment and is targeted to support at least 70 vocationally trained graduates by procuring and providing them with start-up equipment grants.

The aim is to grow sustainable SME youth employment and make an impact on the Namibian youth across the country.

Ekongo said with youth unemployment standing at approximately 40%, the numbers of unemployed young people, especially in the semi-skilled industry, have “increased due to the halt of many industrial activities which provided jobs for them.

As a result, they have been left out of the economy.

Furthermore, previously disadvantaged vocationally trained youth are standing way behind in the queue for opportunities.”

A public call for applications will be put out for deserving individuals to apply for this support.

Comments

Namibian Sun 2024-05-19

No comments have been left on this article

Please login to leave a comment

LaLiga: Deportivo Alaves 1 vs 0 Getafe | Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis SerieA: Torino 3 vs 1 AC Milan | Lecce 0 vs 2 Atalanta | Fiorentina 2 vs 2 Napoli European Championships Qualifying: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City English Championship: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City Loading... Currency: GBP to NAD 23.01 | EUR to NAD 19.73 | CNY to NAD 2.51 | USD to NAD 18.15 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.35 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1467 | USD to ZAR 18.15 | USD to ZMW 25.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79530.63 Up +0.03% | Namibian Stock Exchange (NSX) Overall Index 1754.58 Up +0.81% | Casablanca Stock Exchange (CSE) MASI 13426.13 Up +0.11% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 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$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19% Loading...