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Marginalised communities to see increased financial inclusion through cash-based transfers

Marginalised communities to see increased financial inclusion through cash-based transfers

The World Food Programme (WFP) and the Ministry of Gender Equality, Poverty Eradication and Social Welfare launched an innovative cash-based transfers programme to increased financial inclusion and awareness for marginalised households in the Omusati and Khomas.

The programme, launched in the Onamatanga Village in Omusati, follows a generous contribution of N$17,610,019 from the European Civil Protection and Humanitarian Aid Operations (ECHO).

The regions of Omusati and Khomas, with marginalised households of 1,775 and 5,125 respectively, were identified as regions that will benefit from this approach. Each beneficiary will receive three cycles of cash-based transfers, on a monthly basis, for a duration of three months.

“This launch could not come at a better time than now, when the country is faced with multiple socio-economic challenges that have the potential of negatively impacting the gains made on food and nutrition security,” said George Fedha, WFP’s Country Director in Namibia. “Cash-Based Transfers (CBT) put money directly in the hands of the poorest households so they can afford better nutrition and essentials for their children and family.”

Through the European Union contribution, the government, in partnership with WFP, aims to reduce poverty, improve livelihoods through enhanced household purchasing power, increase dietary diversity, reduce levels of under-five malnutrition, and support local retailers with the end benefit of stimulating the local economy.

“High dependence on food imports results in Namibia’s susceptibility to high food prices, a situation that further compromises the ability of the poor and most vulnerable households to access adequate food that is available in the country,” said Doreen Sioka, Namibia’s Minister of Gender Equality, Poverty Eradication and Social Welfare.

Cash-Based Transfers provide additional benefits to communities, including efficiency and effectiveness in the delivery of food assistance, and especially in contexts and countries with vibrant and integrated markets.


Namibian households will see increased financial inclusion and awareness as communities will have the choice of buying a variety of local and indigenous food, promoting local traditions. (WFP).


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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