The Namibia Special Risks Insurance Association (NASRIA) has donated N$25 million to the government to support regional economic development initiatives across all 14 regions of the country.
The funding is targeted at creating sustainable economic opportunities, boosting employment, strengthening community livelihoods, and upgrading infrastructure. Regional Governors have been encouraged to direct the funds toward high-impact projects that address immediate community needs and attract further regional investment.
Prime Minister, Right Honourable Dr. Elijah Ngurare said development plans matter only when they produce visible improvements in people’s lives. “Public resources are limited, and we cannot carry the full burden of development alone. We need partnerships and the participation of all stakeholders.”
According to NASRIA, the initiative is designed to build long-term economic resilience beyond central urban hubs by empowering local businesses and expanding regional productive capacity.
“We want to support businesses, strengthen livelihoods, create employment, improve infrastructure and attract further investment into regional economies.”
They added that this contribution represents more than a financial handover; it is an investment in people, communities and possibilities.
“Across Namibia, opportunities will differ from region to region, but the shared objective remains the same: to unlock potential, create meaningful economic opportunities and contribute towards a better future for Namibians.”
