Saturday, Dec 20th

Last updateMon, 15 Dec 2014 11am

You are here: Home General News Trade ministry assists small businesses

Trade ministry assists small businesses

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 News
Bank Windhoek hosted an Apple Eat-Off Competition at the Bank Windhoek Maerua Mall Branch on Friday, 15 March 2013, to raise awareness of cancer...
Namdeb recycles (1008 hits)
General News
Namdeb said this week it strives to ensure minimal impact on the landscape and surrounding areas within which it operates. One of the initiatives...
General News
The Bible Society of Namibia will be hosting their Walk for Bibles in Swakopmund on Saturday 15 December 2012. There will be a new 5km route, which...
General News
The City of Windhoek signed an agreement with Invest Africa Energy Services late last week to set up a unique 250 mega watt renewable solar energy...
General News
The 2nd annual Institute of People Management of Namibia (IPM) Convention will take place from 24 to 26 September, IPM president, Tim Ekandjo...
General News
Aqua Services & Engineering (ASE) and Veolia Water Solutions and Technologies launched a newly constructed sewage water treatment plant of the...
General News
Ivorian footballer who plays as a forward for Galatasaray in the Super Lig, Didier Drogba is the face of Windhoek Lager’s new Pan-African...
General News
Sustainable allocation and management of water, is the cornerstone of any meaningful development, as it will determine the level and quality of...
General News
The Chief Executive Officer of the Walvis Bay Corridor Group (WBCG), Johny Smith was named as the continental winner in the sector of Logistics at an...
General News
In a complete vote of confidence in the operations of the anti-graft agency - the Anti Corruption Commission - Prime Minister Nahas Angula said he is...
Related Articles
General News 2011
The Namibian Investment Forum, which is scheduled to take place later this month, is expected to attract foreign investors with the aim to sensitise...
General News 2011
The 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...
Markets
The African Organisation for Standardisation (ARSO) must work towards removing all trade barriers among African countries in order to realise the...
General News
The 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 (979 hits)
General News
Kelly Beukes (left), Project Manager of the Namibia Trade Directory; Paul van Schalkwyk, publisher, and Lizette Foot, General Manager at Team...
Latest Articles
Headlines
The Namibia Airports Company earlier this week said that the ageing Ondangwa airport runway will undergo rehabilitation.The runway will be extended...
Sport
The young warriors on Wednesday marched into the semifinals of the African Union Sports Commission (AUSC) Region 5 Youth Games Men’s Competition...
Sport
Three Countries took part in the sub-zonal Olympic Qualifier of the Continental Cup last weekend. Teams from Angola, Zimbabwe and Namibia played at...
Sport
Sponsorship towards the Namibian U19 Cricket Team got a timely boost when Old Mutual Namibia handed over cricket apparel to the value of N$20,000 to...
Sport
Chief Instructor of Shotokan Karate Academy, Sensei Willem Burger (6th Dan) and  Sensei Morchen Kruger, instructor of the Khomasdal Shotokan...