Erongo Marine lauded

03 May 2018 | Ministries

Otis Finck- Minister of fisheries and marine resources Bernard Esau says the establishment of the Erongo Harambee Workers Trust by Erongo Marine Enterprises (EME) signifies a step in the right direction towards private sector supporting the government’s call for equitable wealth distribution and the ownership of the country’s natural resources by its people.

“What is evident is that with EME the buck has not stopped with value addition and CSR initiatives. The company is also leading by example through the Erongo Harambee Workers Trust. This private sector initiative gives meaning and life to the concept of shared prosperity for all Namibians,” Esau said in a speech read on his behalf by his permanent secretary Dr Moses Maurihungirire during the 1st Erongo Marine Harambee Workers Trust Dividend Payout, an employee share scheme initiative by Erongo Marine Enterprises themed "empower, equip and transform”.

The minister further paid recognition to Erongo Marine Enterprises spearheading local value addition in the horse mackerel industry through a partnership with its sister company, Etosha Fishing, thus realising the EFUTA Maasbanker brand.

Esau also acknowledged other EME initiatives such as the Fish-4-Business project an empowerment initiative by Erongo Marine Enterprises that targets small business entrepreneurs in rural Namibia.

“Such initiatives have empowered the shop owners to grow their respective businesses through the sale of horse mackerel and specialised business training and mentoring.”

He welcomed the Financial Literacy Training introduced by EME which ensured all staff members are taught basics skill before the first payout of dividends.

“This is the empowerment we want to see, that each employee is in possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. These skills lead to real transformation on how the money that will be paid out today and in future will be better invested in buying houses and children studies.”

The minister congratulated Erongo Marine Enterprises shareholders and urged the workers to protect the sustainability of a long lasting trust through transparency, fairness and accountability at all times.

Walvis Bay mayor Immanuel Wilfred added that businesses play an important role by contributing to local economies via growth, employment and innovation in communities, which they operate.

“This is a historic occasion for the fisheries sector and business in general. I hope other companies will follow the example of Erongo Marine Enterprises and empower their workers.”

The mayor further said that the GDP of the country witnessed growth and that the Namibian socio-economic landscape still remains characterised by concerning income differences between the “haves and the have not’s”.

“This is the case despite the gains of independence, economic prudency and a stable political milieu. These gains cannot be achieved in isolation. EME has therefore demonstrated through this pioneering initiative that the nations development is indeed the pulling together of private and public sectors towards prosperity. ”

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