- General News
- Friday, 20 April 2012 10:23
- Published Date
- Hits: 2311
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 NewsThe Namibian Police Force Human Resource Directorate at the Ministry of Safety and Security has embarked on a countrywide tour of all Police Regional...Data collection skills strengthened (234 hits)General NewsThe National Commission on Research, Science and Technology (NCRST), in partnership with NEPAD and the African Union Science, Technology and...Hitradio voraus (1136 hits)General NewsHitradio Namibia, the first private radio station broadcasting in the German language, launched this week. The station is focusing on information and...Calls to support green building initiative (972 hits)General NewsNamibia is on the road to establish its own Green Building Council (GBC) that would promote and facilitate green building practices, technologies and...CRAN makes new appointments (1261 hits)General NewsThe Communications Regulatory Authority of Namibia (CRAN) recently announced new key appointments to its team. The staff advancements are expected to...Africa still faces many challenges (1427 hits)General NewsPolitical instability, poverty and a lack of development are but a few challenges still facing the African continent. As Africans and people of...Telephones talk again Friday (814 hits)General NewsTelecom Namibia this week said repair work is continuing to fix water-damaged underground telecommunications cables which have cut off phone lines in...“Sandpiper has no significant impact” (1101 hits)General NewsThe developers of the Sandpiper project off the coast of Namibia have found no significant environmental issues regarding its marine component. “No...President reassures Madagascans (658 hits)General NewsForeign Affairs Minister Honourable Netumbo Nandi Ndeitwah delivered a statement on behalf of President Hifikepunye Pohamba who expressed his views...General NewsDuring the previous week, the Spanish Ambassador H.E. Carmen Diez and the Representative of the European Union Delegation, Mr. Jean-Paul Heerschap,...
- Related Articles
- Namibia open for trade (2809 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 (1821 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 (1753 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 (1335 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 (1027 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
- Eye see the world now much better (41 hits)HeadlinesThe corporate social investment arm of Australian miner, Craton, this week brought clear sight and joy to learners who unknowingly suffered from...Relief from short term power (41 hits)HeadlinesNampower’s hopes to ride out the precarious electricity situation are pinned on an array of short-term projects, each of which will contribute to...HeadlinesAfter 20 years of being shelved, the spectacular aviation event, the International Air Show returns and is to be hosted at the Hosea Kutako...Editors DeskThe preliminary national accounts were released on Thursday by the Namibia Statistics Agency.The new document closely follows the format of last...Weather 17 April 2015 (39 hits)WeatherWhat Happened A noticeable chill has entered the weather stage this week with Otjiwarongo being more or less the latitude where the colder intrusion...