Friday, Jul 31st

Last updateFri, 24 Jul 2015 10am

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
Team Namibia and FABlab will debut a premiere business matchmaking event titled, ADDVENTURE on 6 May 2015. The event, adapted from the international...
General News
Leo, the second mobile operator in Namibia, has appointed Stanley Similo, as the company’s interim CEO with effect from 11 April. Similo will lead...
General News
A surveyor, trained in Zimbabwe, found his niche in life when opportunity brought him to Namibia where he founded a small surveying company. Thirteen...
General News
The lack of an entrepreneurial spirit, restricted access to research, a lack of available coaching and the absence of mentoring are the core reasons...
General News
The Communications Regulatory Authority of Namibia (CRAN) recently announced new key appointments to its team. The staff advancements are expected to...
General News
The Namibian Ports Authority informed last week that port executives from Africa and Europe are expected in Mombasa from 16 to 19 November 2014 for...
Digital for SMEs (206 hits)
General News
Namibia’s efforts to boost the small business sector needs to be commended, however, the bigger challenge is to create SMEs which meet the needs of...
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
About hundred aspiring high school diplomats from the Khomas Region will gather at the UN House in Klein Windhoek for the first Model United Nations...
General News
For the first time since its inception 58 years ago, the Windhoek Industrial and Agricultural show has received the highest number of registered...
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 (1079 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 United States Embassy in Windhoek this week hosted a training session for Namibian magistrates from all fourteen regions under the banner...
Headlines
At the regular Economist Businesswomen Club breakfast last Friday at Hotel Thule, guest speaker Agnesia (Mara) Booysen of Standard Bank explained the...
Headlines
Langer Heinrich’s parent company, Australian uranium miner, Paladin, is set to cut capital expenditure up to 27% in the financial year 2015 with...
Editors Desk
The proverbial chickens have come home to roost in South Africa. Not that it is any skin off my nose how the Seffricans grind themselves into the...
Markets
Launched without much fan fare in the early part of 2014, the Sanlam Namibia Tracker Fund has managed to take off albeit at a slow pace while...