Osino launches Twin Hills Trust

17 August 2021 | Business

Osino Resources Corp. announced the launch of the Twin Hills Trust and its first five funded projects in Namibia.
The Twin Hills Trust is a not-for-profit organisation set up by Canadian gold mining company Osino Resources to support local social, environmental and economic development projects.
As part of its broader sustainability efforts, Osino established the Twin Hills Trust to formalize and grow their social investment activities and support of local development projects in Namibia. They say their aim is to also involve service providers and suppliers in order for the Twin Hills Trust to become the social investment vehicle of choice for all who benefit from the development of the Twin Hills gold project.
The trust takes its name from Osino’s Twin Hills gold exploration project, which is a rapidly emerging gold deposit located between Karibib and Omaruru, in the Erongo region. With N$2 million of seed funding provided by Osino, the trust aims to invest in community development initiatives such as health and education, enterprise development, community infrastructure improvement, environmental conservation and rehabilitation.
“Since inception, Osino Resources has vowed to be a responsible corporate citizen. Good environmental, social and governance performance is central to our business strategy,” says Heye Daun, Osino’s founder and CEO. “We reviewed the Namibian government’s current development priorities and undertook a socio-economic baseline study to inform the trust’s objectives and funding areas. Enabling us to continue collaborating with our host communities to find ways to improve their quality of life.” he adds.

Focus areas
The trust’s objectives are to contribute to long-term and lasting community development, improving the quality of life of disadvantaged communities, and improving the environment. The trust currently supports the work being done by respected Namibian NGOs and plans to further engage in direct development activities itself in the future.
The following five projects have received funding to date:
• Early childhood development: The Development Workshop of Namibia (DWN) helps early childhood development centres in informal settlements improve their effectiveness. The organisation is being supported with N$550 000 to expand its successful and vital support programme to the informal settlements of Omaruru.
• Affordable land: The lack of affordable land for housing contributes to the rapid growth of informal settlements. DWN empowers local authorities to provide serviced land, at cost, for low-income earners to purchase. The organisation is being supported with N$550 000 to accelerate their existing land project at Karibib.
• Sewer infrastructure upgrade: To allow dwellings in the informal settlement of Usab, Karibib, to install flush toilets, bulk sewer pipes need to be upgraded. The Usab community, supported by the Namibia Housing Action Group and the Shack Dwellers Federation of Namibia, is working in partnership with the Karibib town council to achieve this upgrade. The trust is contributing N$500 000 towards this upgrade, which will benefit 723 households, consisting of almost 3 000 people.
• Online marketing of Namibian crafts: The Omba Arts Trust is an NGO that supports some 400 artisans, of which 60% are San living on resettlement farms and in conservancies. Omba facilitates the development and marketing of their iconic crafts. The collapse of Namibia’s tourism, due to Covid-19, has reduced Omba sales by over 85%, impacting the livelihoods of these artisans. The San have been particularly impacted given that craft production is often their only source of income. Omba is being supported with N$132 000 to allow the organisation to implement an internet and social media-based marketing strategy to increase online product sales.
• Food security for San artists: Due to the decrease in craft and art sales, San artisans are struggling more than usual to buy food, and malnutrition rates are rising. Omba is being supported with an additional N$150 000 of funding. This will provide two large food consignments that will support 130 San artisans living on four resettlement farms in the remote Omaheke and Ohangwena regions.
As the Twin Hills gold mining project evolves, Osino plans to grow its annual contribution to the trust so that more communities can benefit from their work in the region.

Similar News


Hier kraai omgewingsvriendelike produkte koning

2 days ago - 25 October 2021 | Business

Windhoek • [email protected] Garises – ’n inwoner van Swakopmund – omskep weggooiplastiek in bruikbare en unieke sakke.“My ouers het my altyd geleer om op te...

More focus on financial literacy needed

6 days ago - 21 October 2021 | Business

Simonis Storm Securities, celebrating 25 years in the Namibian investment industry this year, recently appointed two new department heads.“We are firmly rooted in creating inter-generational...

Young entrepreneur shares startup experience

1 week ago - 19 October 2021 | Business

Leo Canopus was among the seven startups selected in early March for the Namibia Business Innovation Institute (NBII) Acceleration Programme, which was open to students,...

Paratus: Putting customers on the map

1 week ago - 14 October 2021 | Business

As part of its strategy of putting its customers first, Paratus Namibia today launches its new map coverage function to make it easy and quick...

Tap A Meal continues to deliver

2 weeks ago - 11 October 2021 | Business

Tap A Meal, the Namibian based food delivery application for smart devices – was established 18 months ago. In this time, Namibia and the world...

Namibia’s Regto David honoured in Dubai

2 weeks ago - 11 October 2021 | Business

Namibia’s Regto David, founder RND Holdings, was awarded Enterprise and Innovation “Emerging Business Leader and Notable CSR Compliant Company of the Year, at the Africa...

Copper smelter for Witvlei

2 weeks ago - 11 October 2021 | Business

Witvlei • [email protected] the recent attainment of an environmental clearance certificate, construction has begun to erect a mobile modular copper smelter in the Witvlei area.The...

Search for copper at Gobabis

3 weeks ago - 06 October 2021 | Business

Gobabis • [email protected] in the Gobabis area can expect visitors next week when an electromagnetic aerial survey kicks off in the area on Thursday, 14...

The future of in-ear advertising

3 weeks ago - 30 September 2021 | Business

Did you know that the first radio commercial aired in the USA on 28 August 1922? Now, close to 100 years later, brands are still...

Sustainable investment opportunity for future-fit African startups

4 weeks ago - 27 September 2021 | Business

While 2020 was a record year for investment into the African tech startup ecosystem, with more startups raising more money from more investors than ever...

Latest News

More Pfizer BioNTech arrives

3 hours ago | Health

The United States government donated 124 000 doses of the Pfizer BioNTech Covid-19 vaccine to Namibia. The vaccines arrived last Friday, following the first consignment...

Smart strategies for sellers

3 hours ago | Life Style

Putting a home on the market can be stressful, and it can be difficult to make objective decisions when it matters most.Adrian Goslett, Regional Director...

Influencer programme generates great interest

4 hours ago | Tourism

Namibia Wildlife Resorts (NWR) collaborated with ten social media influencers on its first-ever social media influencer programme, to create awareness of its resorts to a...

Township women learn to sew

6 hours ago | Social Issues

Twenty-eight Windhoek women recently successfully completed a three-month sewing course at the City of Windhoek (CoW).The course was conducted at the UN Plaza Community Hall...

Shoes heading to Omaheke

7 hours ago | Social Issues

Project Never Walk Alone (PNWA), led by Tim Ekandjo, announced the distribution of the second batch of 1300 pairs of shoes to the needy in...

Creating solutions

1 day - 26 October 2021 | Environment

Namibia is known for its pristine environment and landscapes that attract substantial tourists; therefore, the lack of solid waste management if unattended may lead to...

MICT's say on SIM card...

1 day - 26 October 2021 | Technology

Following government’s policy directive that all SIM cards in Namibia must be registered, the Ministry of Information and Communication Technology (MICT) said that after consultations...

Masks, gowns for Health

1 day - 26 October 2021 | Health

When the third Covid wave hit Namibia, the request for assistance was also heard by Support Ulm e.V. in Germany, and Prof. Dr. Heinz Maier,...

Green, inclusive development to rebuild...

1 day - 26 October 2021 | International

Development cooperation is an important cornerstone of the German-Namibian partnership, as was highlighted by the visit of the German delegation of the Federal Ministry for...

Load More