As part of its social responsibility, Valencia Uranium (Pty) Limited
embarked upon an ingenuous way of empowering Namibians by spearheading the
‘High 5 Concept’. The concept aims to unlock income-generating opportunities through self-employment with special focus
on promoting SME-type ventures specializing in transporting supplies to the
mine, bakery, butchery, grocery shop and vegetable production in Usakos.
Following deliberations on the ‘High 5 Concept’ and in consultations with the
implementing agency (AgriFutura), it was decided that phase 1 of the ‘High 5
Projects’ be directed to vegetable production to ensure that beneficiaries are
more focused and for the financial supporter (Valencia Uranium) to easily gauge adoption rate.
Project objective and outcome
The objective of the project is to enable the
Usakos community to produce fresh vegetables for the Valencia village and local
market. This also provides an opportunity to actualize the Valencia-Usakos
Community SMEs (VUCoSME) Trust and to roll-out other SMEs that will
boost community self-employment and income generating activities within the
town of Usakos. It is also expected that upon acquiring the necessary skills,
members will be motivated to acquire more land and replicate this idea so as to
enhance local food production and become self-sufficient.
Investment
·Capex related
cost estimates - N$1,993,676.00
·Opex related
cost estimates per year - N$ 726,232.00
·Total
investment year 1 - N$2,719,908.00
·Total
investment year 2 - 75% of proposed budget
·Total
investment year 3 - 50% of proposed budget
·From year 4
and beyond, it is expected that the project should be self sufficient and
sustainable.
·The Trust is
the key player expected to drive the project and ensure its sustainability.
The complete power-point presentation can be downloaded at: https://www.box.net/shared/72456698f40c740bcf90
Website –
www.forsysmetals.com
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