Small and medium enterprises are among the most important contributors to the Namibian economy; however, they are faced with many challenges when pursuing cross-border trade.
This was revealed in an interview with the Director of SME's Compete, Danny Meyer, on nbc's Good Morning Namibia show.
The Windhoek Agricultural and Industrial Show (WAIS) can be traced back to 1899 when the first show was held on the 2nd and 3rd of June.
The origins of the event pride themselves on the agricultural sector, being the earliest backbone and supporting structure of the local economy.
UNDP Deputy Resident Representative, Christian Shingiro, says that the ratification of the African Continental Free Trade Area (AfCFTA) Agreement opens significant opportunities for Namibian products, especially for Small and Medium Enterprises (SMEs), through reduced or zero tariffs.
The Erongo Regional Council, through its Constituency Development Fund, has allocated machinery and equipment valued at N$350,000 to support around 30 small entrepreneurs across various sectors in Arandis and Henties Bay.
The just-ended Mining Expo and Conference has shown the immense potential and vastness of the mining industry in the country.
nbc News spoke to some exhibitors who highlighted the importance of the expo.
The Mining Expo and Conference attracted close to 200 exhibitors and international guests.
Businesses with a turnover below N$1 million may no longer be required to register for VAT or file returns if amendments to the Value-Added Tax Act are approved.
Preparations for the coastal trade fair are in full swing, with more than 100 exhibitors expected to participate.
Omburo Fishing Enterprises has reached out to small and medium enterprises at Otjinene with equipment that will assist them in their production.
The donated items include sewing machines, bending machines, building materials, and laptops.
The Namibia Fish Consumption Promotion Trust (NFCPT) has embarked on an innovative strategy to enhance fish distribution across the country.
The trust has signed contracts with 13 small and medium enterprises to facilitate the distribution of fish to consumers at affordable prices.
NASRIA has embarked on a new venture that expands its Credit Guarantee Scheme, an innovative insurance product that aims to empower SMEs.
