Tuesday, April 11, 2017

Newmont Ahafo Dev't Named Corporate Foundation Philanthropist Of The Year

9:03:00 PM

The National Philanthropy Forum has recognised and awarded Newmont Ahafo Development Foundation (NADeF) as the Corporate Foundation Philanthropist for the year 2016.

The foundation beat competition from 17 other organizations to annex the top award at this years the 2017 Ghana Philanthropy Excellence Awards in Accra. The award recognized the longstanding contribution of NADeF towards improving lives and supporting sustainable socio-economic development in the communities neighbouring the Ahafo mine.

For nine years, communities around Newmont Ghanas Ahafo mine have initiated a number sustainable development projects to improve the lives of their people. Following consultations between various interest groups in the communities and the Ahafo mine, the Newmont Ahafo Development Foundation was established in 2008 to drive the companys social responsibility commitments to the communities.

So farover 8,000 educational scholarships have been awarded at the senior high, tertiary and apprenticeship levels, in addition to over 7000 infrastructural projects completed and handed over to the communities by NAkDeF.

We are honoured to be recognized for our effortsin improving lives and driving socio-economic progress in Ahafo. NADeF will continue to expand its programmesto support even more women and children thrive in the communities, said Elizabeth Opoku,‎Executive Secretary, NADeF[SO1] .

Currently, NADeF has accrued $24.5 million to fund various development initiatives through the Ahafo Mines contributions of $1 per ounce of gold produced and 1% annual net profit.

What makes NADeF unique from other Corporate Foundations is the local ownership and participation in the selection, execution and management of all projects in the host communities. In effect, the locals determine what their needs are and work through NADeF to achieve them, Elizabeth Opoku Darko added.

In 2014, NADeFwas awarded the best social impact investment vehicle in Africa by the European Unions African Chamber of Commerceat the EU-Africa Chamber of Commerces first annual Corporate Social Responsibility (CSR) in Africa awards ceremony in Brussels, Belgium. The awardhighlighted the foundations promotion of community development, inclusiveness and sustainability in the Sub-Saharan Africa.

Through NADeFs initiatives, about 41 public schoolsare benefitting from the Quality Improvement in Basic Schools (QUIBS) project set up to help the quality of education at the basic level in Ahafo.NADeF has provided start-up capital to emerging entrepreneurs and businesses, micro-credit and loan facilities to 1,500 community members and completed over a 100 community infrastructural and social amenity projects in Ahafo.


 [SO1]From a third party advocate pointof view, I was wondering if we could maintain Lizzy and leave Newmont out of this to maintain some level of neutrality

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