Capricorn Foundation Commits Nearly a Million to Community
The Capricorn Foundation has pledged N$980,000 to support ten community-based projects in Namibia through a partnership with the welfare organization Imago Dei. These initiatives focus on addressing poverty, food insecurity, and social vulnerability by providing daily meals and support services to thousands of beneficiaries.
Why it matters
This investment highlights the role of private foundations in filling critical social welfare gaps in developing regions.
The Capricorn Foundation has committed to investing N$980,000 to support 10 community-based projects across Namibia through its Vulnerability Initiatives Focus Area.
The foundation announced this during its renewed partnership with Imago Dei this week.
Imago Dei is a welfare organisation that mobilises support and directs resources to community projects, aimed at improving the lives of vulnerable and marginalised people throughout Namibia.
The Capricorn Foundation has been investing in community-based projects through Imago Dei since 2021.
The foundation’s social investment organisation has targeted community development initiatives to address poverty, food insecurity and social vulnerability.
In their press announcement, the foundation stated that through their renewed investment, Imago Dei will support ten approved projects.
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