- General News
- Friday, 20 April 2012 10:23
- Published Date
- Hits: 2067
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
- Power utility warns of looming crisis (1148 hits)General NewsThe shortage of electricity supply within the SADC region remains a problem. The next three to four years will be critical for the region as power...Telecom’s own PoPs for WACS connection (650 hits)General NewsTelecom Namibia has announced last week that the installation of its own international points of presence (PoPs) in two European capitals, connected...Business innovation in Ongwediva (644 hits)General NewsA new project for the empowerment of young and future entrepreneurs in Ongwediva was launched at the end of February. The Ongwediva Business...“New wheels” for medical school (963 hits)General NewsThe University of Namibia’s School of Medicine recently received two vehicles, a minibus and sedan from the University of Oulu’s Faculty of...From pauper to owner (709 hits)General NewsCompanies around the world have closed down due to economic setbacks and local companies are no exception to this. Karakulia Weavers is but one of...General NewsSouth Africa’s Deputy President Kgalema Motlanthe has stressed the importance of the aviation industry in supporting economic growth and...Tsumkwe project inaugurated (1305 hits)General NewsThe N$26 milion Tsumkwe Renewable Energy project, one of the largest state-of-the-art 200kW solar disiel hybrid systems in Africa will be officially...Building plans at 12 month low (140 hits)General NewsThe IJG Business Climate Index declined, albeit marginally, in July, following a decline in the value of building plans approved on a monthly basis,...Social Security funds lie unclaimed (309 hits)General News“As at 30 June 2014 the total balance of unclaimed benefits for all three funds (MSD, ECF, and APF) amounts to N$664,639 representing 1.1% of the...FNCC land more Franco than Namibian (1482 hits)General NewsThe government has decided to donate the land on which the Franco-Namibia Cultural Centre building is located, to the centre. When the...
- Related Articles
- Namibia open for trade (2636 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 (1745 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 (1657 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 (1235 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 (970 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
- HeadlinesIt goes without saying that music really is a universal language uniting so many people who flocked to the Hage Geingob stadium for this year’s...Taxman loosens noose on farmers (20 hits)HeadlinesIn an effort to mitigate the effects of the severe drought experienced in 2013 the Ministry of Lands and Resettlement announced earlier this week...Namibia guns for Renewables (37 hits)HeadlinesNamibia has joined four other countries in the bid to host the proposed regional centre for the promotion of renewable energy in southern Africa....Editors DeskIt is not typical for a business editor to advise readers not to overspend but this is exactly what I want to do. One of the important metrics to...21 November 2014 (16 hits)WeatherWhat Happened? High pressure control on the surface as well as in the upper layers, remains the order of the day. The weather stance at the beginning...