Popular Democratic Movement (PDM) MP Maximalliant Katjimune has called for an investigation into the challenges faced by small and medium enterprises (SMEs) in Namibia, emphasising the critical role the sector plays in the nation's economy.

Katjimune said the SME sector accounts for 90% of enterprises worldwide, employing 50% of the global workforce and contributing 40% to the gross domestic product (GDP) in emerging markets. 

Katjimune expressed concern over the low success rate of Namibian SMEs, estimating that around 70% fail shortly after commencement.