A senior associate at Business Financial Solutions, Hafeni Hamukoto, has emphasised the need to increase investment in African start-ups that provide unique solutions to challenges.

Some owners of startups say they have experienced difficulties accessing funding and other types of support to realise their dreams. Business Financial Solutions decided to invest in Namibia's first TEA metallurgical lab at Swakopmund, which needed massive funding in 2019.

Erongo Governor Neville Andre has inaugurated the first ever multi-million-dollar TEA metallurgical laboratory in the country. 

The lab, owned by two young Africans, Wensia Ruiters from Namibia and Kevin Mwashuma from Kenya, is located in Swakopmund. Ruiters and Mwashuma acquired the Trace Elements Analysis Laboratories (TEA Labs) in 2019 and have since expanded their operations.