The Ministry of Industries, Mines and Energy has introduced various initiatives aimed at supporting micro-, small-, and medium enterprises (MSMEs) and enhancing economic participation across Namibia.
In 2024, the country's telecommunications licensees collected about N$1.6 million in revenue, contributing 2.5% to the GDP.
Finance Minister Ericah Shafudah delivered a ministerial statement in the National Assembly on the implementation of the National Youth Entrepreneurship Fund, which is capitalised at N$500 million.
President Netumbo Nandi-Ndaitwah has encouraged exhibitors and entrepreneurs to take advantage of the opportunities presented by the Ongwediva Annual Trade Fair to grow their businesses and expand their market reach.
In an effort to have more young people participate in the National Youth Development Fund, the Otjozondjupa Region trained youth on how to write business plans while answering questions they might have regarding the application process.
The training took place in Otjiwarongo.
The Deputy Minister of Education, Innovation, Youth, Sports, Arts and Culture, Dino Ballotti, has urged entrepreneurs to legitimise their businesses.
Ballotti said this during the Heritage and Cultural Entrepreneurship workshop hosted by the ministry at Swakopmund.
Some small business owners operating along the Trans-Kalahari Corridor at Witvlei say that if it were not for travellers on the highway who support them daily, they would remain job seekers.
The Business Summit Namibia returned for its fifth edition over the weekend, highlighting entrepreneurship as a key driver for economic change.
The event drew leaders and visionaries from across sectors to tackle the country's development challenges.
President Netumbo Nandi-Ndaitwah has said the intended provision of free tertiary education is in part to encourage entrepreneurship among young people.
A Grootfontein-based young entrepreneur has developed a cellphone application aimed at combating crime.
