Since independence, Namibia has faced persistent challenges in unemployment, particularly youth unemployment; housing shortage, gender-based violence; corruption; limited or lack of adequate physical infrastructure; sanitation and income inequality. All the National Planning Commission plans attempted to address these societal and economic challenges to propel the country to realise vision 2030.
NamibRe has strategically aligned the Corporate Social Responsibility and Investments strategy and approach in line with Namibia’s national development goals in order to aid government address persisting challenges that country is faced with.
NamibRe was created with the objective of providing reinsurance services in the local industry to minimize the placement of such services in the foreign markets and contribute towards curbing excessive capital outflow. It is envisaged that the funds kept in the country can be diverted towards national economic growth (i.e., used for infrastructure development, development of new products to protect the industry, skills development, sustainable investments etc).
The Corporation’s Corporate Social Responsibilities and Investments are founded on the following Strategic Pillars: Health, Education, Sports and Arts, Innovation and Entrepreneurship, Infrastructure development and Sustainable.