Omburo Fishing reaches out to SMEs


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 Otjinene Councillor says the gesture was necessary for local SMEs to improve and grow their businesses.

On behalf of the beneficiaries, Tjizembua Mbazuvara stated that the donation will go a long way.

NFCPT partners with SMEs to boost fish distribution


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.

The 13 SMEs, selected from a pool of trained entrepreneurs, are part of a 6-month Distribution Agency Pilot Project. 

This project marks a shift in the trust's approach, aiming to collaborate with stakeholders in the fish distribution sector rather than competing with them.

NASRIA signs to empower SME's


NASRIA has embarked on a new venture that expands its Credit Guarantee Scheme, an innovative insurance product that aims to empower SMEs.

The government, through a smart partnership with the Bank of Namibia, the Development Bank of Namibia, the Namibia Special Risks Insurance Association, and participating financial institutions, has structured a Credit Guarantee Scheme facility that will provide 60% collateral cover for a viable SME business loan.

The credit guarantee scheme is an innovative insurance product aimed at capacitating both existing and new SMEs.

Discover Namibia Intra Africa Expo and Business Summit expected to boost economy


The Discover Namibia Intra Africa Expo and Business Summit is expected to boost micro, small, and medium entrepreneurs and the township economy.

The event scheduled to take place at Mondesa, Swakopmund, presents an opportunity for the SME sector to access local, African, and international markets.

Innovators, policymakers, experts, financiers, entrepreneurs, and other stakeholders are expected to attend the Discover Namibia, Intra Africa summit.

SMEs Value Proposition and Credit Guarantee Scheme re-launched


The First National Bank, in collaboration with the Ministry of Finance and Public Enterprises through the Bank of Namibia, has undertaken to address the longstanding financial issue for small and medium enterprises in the |Khomas Region.

This was revealed by the Governor of the |Khomas Region Laura Mcleod-Katjirua, at the re-launch of the SMEs Value Proposition and Credit Guarantee Scheme.

Katutura East Constituency SMEs receive equipment from Khomas' Income Generating Activity Programme


18 small and medium enterprises in the Katutura East Constituency have received equipment from the Khomas Region's Income Generating Activity Programme to improve their businesses and create jobs.

The business recipients include those in carpentry, needlework, takeaways, nail technicians, catering, baking, welding, and early childhood development.

The Councillor of Katutura East Constituency, Richard !Gaoseb, says the Income Generating Activities project is directed at supporting small, upcoming entrepreneurs.

BoN paid out N$ 85,9 million through its SME Economic Recovery Loan Scheme


The Bank of Namibia (BoN) has so far paid out N$ 85,9 million to SMEs through its SME Economic Recovery Loan Scheme. 
The Scheme is designed to support SMEs in an effort to promote economic recovery. 

The Central Bank says the SME Economic Recovery Loan Scheme is a much-needed boost that has created employment opportunities for Namibians who would have otherwise been jobless in the aftermath of the COVID-19 pandemic and geopolitical storms. 

Navachab Gold Mine to donate N$1,5 million to SMEs in Karibib, Otjimbingwe and Usakos


The Navachab Gold Mine will provide N$1,5 million to SMEs in Karibib, Otjimbingwe and Usakos, as a way to boost sustainable development under its Golden Egg initiative. 

Launched at Karibib, the initiative will accept applications until 5 May thereafter, 30 SMEs will be shortlisted, to pitch their business ideas. 

DBN and Namibia Trade Forum enter into agreement to finance manufacturing SMEs


The Development Bank of Namibia in collaboration with the Namibia Trade Forum entered into an agreement aimed at financing Small and Medium Enterprises in the manufacturing industry. 

DBN and NTF are looking forward to enhancing the development and growth of SMEs by facilitating investment and market access. 

SMEs play a vital role in the country's economic growth through the employment opportunities they offer.

However, challenges such as lack of business training and access to finance are challenges that negatively affect their growth.