Capricorn helps strengthen fight against Covid

By Staff Reporter

CAPRICORN Group, through the Capricorn Foundation, has entered into a partnership with the Namibia Chamber of Commerce and Industry (NCCI) and other private sector companies who formed a coalition, ‘Business Namibia Covid-19 Response’ as an immediate response to strengthen the fight against the pandemic.
This coalition is working together to secure oxygen supply, construct temporary medical facilities and supplying medical equipment during this spike in the pandemic that has claimed many lives.

The first priority of the coalition members have been to secure emergency medical oxygen from South Africa in close collaboration with the Ministry of Health and Social Services, Ministry of Finance and local suppliers of oxygen.
Capricorn Group’s purpose is ‘Improving lives through leadership in financial services by being connectors of positive change’ and since the start of the pandemic, has invested more than N$6 million to support government and vulnerable communities in the fight against Covid-19.
In 2020 the group established the Capricorn Foundation to coordinate the group’s corporate social responsibility programmes with the focus areas of economic advancement, education, health and vulnerability programmes.

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With the outbreak of the pandemic, health became a major focus of the foundation.
“There has never been a more poignant time for us to show what it means to be Connectors of Positive Change.

I am therefore pleased to announce that Capricorn Group, through the Capricorn Foundation, has donated an amount of N$1 050 000 which will cover the cost of three 21 tonne oxygen trucks. This means that in total Capricorn Group’s contribution will secure 63 tonnes of life-saving oxygen for Namibians. In addition, we have also offered our assistance to the coalition in terms of logistical and administrative support,” said Thinus Prinsloo, group CEO.

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Marlize Horn, acting head of the Capricorn Foundation said the donation is a collective decision, with the aim of making a positive impact.
“All the Namibian companies of Capricorn Group, including Bank Windhoek, Capricorn Asset Management and Entrepo Holdings contributed to the Capricorn Foundation, enabling the foundation to make this life-saving donation of oxygen.

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I am grateful that we are in a position to contribute to this effort, which once again proves the power in collaboration and working together towards a common goal to create meaning full change and making a deep and lasting impact.”
The 63 tonnes of medical oxygen were due to arrive early this week.