- General News
- Friday, 20 April 2012 10:23
- Published Date
- Hits: 2017
The Ministry of Trade and Industry has various programmes and facilities in place to assist the small and medium enterprises (SME) sector to establish and grow their businesses, said Tjekero Tweya, Deputy Minister of Trade and Industry this week.
“The Equipment Aid Fund, for example, aims at assisting SMEs to acquire manufacturing equipment needed to increase their production potential,” said Tweya.
According to the Deputy Minister, under programmes such as the Product Development Services programme within the trade promotion division, SMEs are assisted in product development, labelling, packaging and marketing of their product, while the Ministry equally assist SMEs with developing business plans and conducting feasibility studies under industrial development programme.
Tweya further said that SMEs are often invited to participate in trade missions abroad to expose them to potential business linkages as part of the ministry’s export marketing assistance programme (EMAP).
“It is, however, up to the individual entrepreneurs to tap into those programmes to see how best they can utilise the programmes and facilities to their own benefit,” he added.
Tweya urged all financial institutions to partner with government and assist SMEs with much needed start-up capital and to review their existing lending policies.
“It would go a long way in our efforts to ensure an industrialised Namibia, if the financial sector can partner with government to provide continued training and mentor ship to the SMEs. I also urge the retail shops to allow locally produced goods of SMEs onto their shelves with the necessary prominence,” he said.
- Articles In This Category
- General NewsAn education system only works right when education institutions and the industry forms a partnership, says Professor Earle Taylor, deputy vice...Tourism Index launched (1002 hits)General NewsFirst National Bank and the Federation of Namibian Tourism Associations launched the FNB Tourism Index on 6 June at the 2012 Tourism Expo. Sophia...General NewsThe Junior Secondary Certificate (JSC) and the Namibian Senior Secondary Certificate examinations (NSSC) are of high quality and are credible, said...Fishing Industry gives back (694 hits)General NewsHefdy Group Holding, a fishing company, this week ploughed back into the community by donating N$200, 000 to seven different organisations. According...General NewsThe Deloitte Tip-offs Fraud and Ethics Hotline will enable employees to report fraudulent activities via a toll-free number, email or website to a...Work hard! You will be rewarded (302 hits)General NewsIrja Ndapewoshali Shivute, owner and director of Sti Decor & Rentals has been running her small business since December 2001. Shivute worked for...Sat3-Safe cable unaffected by fire (793 hits)General NewsThe operation to salvage the Chamarel, France Telecom-Orange’s cable ship which was returning from a repair operation on the Sat3-Safe cable on the...Networking, dinning and raising funds (985 hits)General NewsDuring the past week NCCI Northern Branch hosted a Networking Dinner which was attended by H.E. Dr. Hifikepunye Pohamba and the First Lady as well as...Quinton takes a dig at home affairs (1154 hits)General NewsThe managing director of the diversified financial services group, Trustco, Quinton van Rooyen this week took a dig at the Ministry of Home Affairs...Flood ravaged northern businesses suffer losses (1444 hits)General NewsBusinesses and entrepreneurs operating in the northern part of Namibia has suffered severe losses as a result of recent heavy rains. The business...
- Related Articles
- Namibia open for trade (2590 hits)General News 2011The Namibian Investment Forum, which is scheduled to take place later this month, is expected to attract foreign investors with the aim to sensitise...Trade expo boosts SMEs (1720 hits)General News 2011The Erongo Trade Expo has become one of the main established supporters of small and medium enterprises in the Erongo region. In the next three years...Remove trade barriers – Geingob (1641 hits)MarketsThe African Organisation for Standardisation (ARSO) must work towards removing all trade barriers among African countries in order to realise the...Diamond trade should benefit communities (1209 hits)General NewsThe cutting and polishing of diamonds was considered not to be a valuable trade for Africa because of the high wages and little or no skills. The...Trade goes Team (959 hits)General NewsKelly Beukes (left), Project Manager of the Namibia Trade Directory; Paul van Schalkwyk, publisher, and Lizette Foot, General Manager at Team...
- Latest Articles
- HeadlinesThe winner of the Best Business Idea competition run by the Economist Businesswomen Club after their Businesswomen Conference in Ongwediva, was...Ostriches back in vogue (39 hits)HeadlinesThe most discredited agricultural commodity, ostriches, are back on the farming radar after the Ministry of Trade and Industry, in collaboration with...Editors DeskCan one imagine how unmanageable the Namibian capital market would be if yields on government bonds came down by 11% on one day, only to jump up more...17 October 2014 (35 hits)WeatherWhat Happened? The layered atmospheric sandwich that started developing last week continued up to Wednesday this week at which point the last...Namibia commemorates World Food Day (48 hits)HeadlinesThe City of Windhoek commemorated World Food Day yesterday at Otjomuise. This is the first ever commemoration of the World Food Day in Windhoek and...