Thursday, Oct 23rd

Last updateFri, 17 Oct 2014 9am

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
An education system only works right when education institutions and the industry forms a partnership, says Professor Earle Taylor, deputy vice...
General News
First National Bank and the Federation of Namibian Tourism Associations launched the FNB Tourism Index on 6 June at the 2012 Tourism Expo. Sophia...
General News
The Junior Secondary Certificate (JSC) and the Namibian Senior Secondary Certificate examinations (NSSC) are of high quality and are credible, said...
General News
Hefdy Group Holding, a fishing company, this week ploughed back into the community by donating N$200, 000 to seven different organisations. According...
General News
The Deloitte Tip-offs Fraud and Ethics Hotline will enable employees to report fraudulent activities via a toll-free number, email or website to a...
General News
Irja Ndapewoshali Shivute, owner and director of Sti Decor & Rentals has been running her small business since December 2001. Shivute worked for...
General News
The 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...
General News
During 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...
General News
The managing director of the diversified financial services group, Trustco, Quinton van Rooyen this week took a dig at the Ministry of Home Affairs...
General News
Businesses and entrepreneurs operating in the northern part of Namibia has suffered severe losses as a result of recent heavy rains. The business...
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 (959 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 winner of the Best Business Idea competition run by the Economist Businesswomen Club after their Businesswomen Conference in Ongwediva, was...
Headlines
The most discredited agricultural commodity, ostriches, are back on the farming radar after the Ministry of Trade and Industry, in collaboration with...
Editors Desk
Can 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)
Weather
What Happened? The layered atmospheric sandwich that started developing last week continued up to Wednesday this week at which point the last...
Headlines
The City of Windhoek commemorated World Food Day yesterday at Otjomuise. This is the first ever commemoration of the World Food Day in Windhoek and...