Corporate Social Investment
The MVA Fund recognizes its obligations as a corporate citizen towards its stakeholders and the communities within which it functions. Accordingly, the Fund is committed to invest in social causes that will enhance its strategic position within corporate Namibia hence converting every investment into a strategic opportunity. The Fund’s Corporate Social Investment Programme encompasses projects undertaken for the purpose of social, developmental or community building, where the investment is a long-term investment that will enhance the Fund’s strategic position. This is to be achieved through the integration of the social investment strategy with the Fund’s business strategy.
It is recognized that every citizen in Namibia is a stakeholder of the Fund as they are all susceptible to motor vehicle accidents. It is also recognized that the MVA Fund is funded by a levy on every litre of fuel sold every time a driver/owner of a motor vehicle fuels his/her car, making them automatic stakeholders of the fuel levy system – the MVA Fund. The Fund’s CSI is a realization of the symbiotic relationship that exists between the Fund and the Namibian community. In many cases the Fund owes its successes and existence to the greater Namibian community, whilst in reciprocity, the community are in need of sustainable partnerships with the corporate in order to provide a better living standard for themselves and their children.
Above all, as embedded in our vision statement to ‘provide peace of mind to all accident victims’, this statement expresses the ‘caring’ nature of the Fund. It is therefore important that the Fund has a CSI policy that would contribute to the country’s economical and social stability and in turn assist the Fund to attain its strategic objectives. The MVA Fund’s CSI budget shall not exceed 2 % of the Fund’s total income.
Scope of MVA Fund CSI Programme
The MVA Fund’s CSI is established to benefit individuals/institutions/clubs who demonstrate potential in contributing to the attainment of the Fund objectives and upliftment of Namibia’s developmental and empowerment goals. These shall focus in the following areas:
4.1 Education and skills development in line with MVA Fund business
4.2 Social grants to learners faced with socio-economic challenges as a result of motor vehicle crashes
4.3 Institutions representing people with disabilities.
4.4 Persons with disabilities emanating from motor vehicle crashes
4.5 Foster and cement strategic partnerships
Corporate Social Investment Highlights: 2008-2014
Contribution towards health services
- Over N$3 million invested in upgrading public health standards (MoHSS).
Education and skills development in line with MVA Fund business:
- N$3,3 million invested in bursaries since inception of the bursary scheme in 2007.
- N$1,4 million invested in the establishment of the institution of the Emergency Medical Care Department at the Polytechnic of Namibia.
- Constructed state-of-the-art traffic simulation fields at Noorgrans Primary School in Zambezi Region and the Walvis Bay Municipal grounds for a combined N$ 350 000
Institutions representing people with disabilities:
- Partnership with Disability Sports Namibia through which the MVA Fund contributes an annual amount of N$100 000 towards the hosting of the Disability Namibia Sports Awards.
- N$1 million towards renovating the Dagbreek Special School Hostel.
- N$40 0000 worth of Physiotherapy Equipment donated to OnyoseTrust to be used during physiotherapy exercises and rehabilitation programs at the establishment.
Persons with disabilities emanating from motor vehicle crashes
- Over N$300 000 towards the Wheelchair Fun-ride and wheelchair donations to persons injured in road crashes
Contribution towards community ambulance services
- Over N$200 000 towards procurement of community ambulance services for Okahandja, Luderitz and Gobabis Municipalities