- General News
- Friday, 20 April 2012 10:23
- Published Date
- Hits: 1361
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
- NHE and FNB partner up (650 hits)General NewsThe Namibia Housing Enterprise(NHE) and FNB Namibia recently signed a partnership agreement to provide affordable housing to their clients. Earlier...Kudus claims digital for NBC (675 hits)General NewsTHE HAGUE, Netherland, Exset, pioneers of TV ecosystems for emerging markets, last week announced that Kudus Technology based in Namibia, has...Okahandja brewery starts brewing mid-2014 (592 hits)General NewsWindhoek. 27 November SABMiller’s Namibian Brewery currently under construction, is expected to begin brewing its first products in mid-2014,...JSE broadens its Africa offering (947 hits)General NewsThe Johannesburg Stock Exchange (JSE) announced recently that it is evolving its strategy for growing its investment offering from the rest of the...Save @ Fair (1453 hits)General NewsEvery financial institution tries to lure clients to sign up for one of their savings and investment products, but investing can be intimidating,...Agri minister talks to Palestinians (845 hits)General NewsOn Friday 29 June, the Minister of Agriculture, Water and Forestry, John Mutorwa and his counterpart of the Palestinian territories, Walid...Good news for road crash survivors (1069 hits)General NewsThe Motor Vehicle Accident Funds of Namibia, Botswana, Swaziland and South Africa recently held a multilateral meeting in the capital to discuss...Natasja receives SNIEDA award (438 hits)General NewsA truly passionate individual who values her family, friends and clients. She loves her husband and her children and adores spending time with them....General NewsFisheries and Marine Resources Minister, Bernard Esau, has called on the ministry’s staff to dedicate themselves to providing excellent service...How does one spell algorithm? (1545 hits)General NewsUnlike South Africa or the rest of the developed world, local media monitoring is still done manually. Since this is a tedious task, but still...
- Related Articles
- Namibia open for trade (2293 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 (1620 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 (1501 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 (1046 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 (893 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
- Take no nonsense from criminals (1215 hits)HeadlinesThe Governor of the Hardap Region, Hon. Katrina Hanse-Himarwa introduces Commander Jacobus Meyer, the Hardap Regional Commander of NAMPOL to H.E....120 MW for Arandis, again (1205 hits)HeadlinesArandis Power (Pty) Ltd is surging foward with plans to construct a 120 Megawatt (MW) thermal power generation Plant and one for waste oil recycling....Erongo power project not in conflict with Kudu (1194 hits)HeadlinesThe development of a 250MW long-term generation facility at the coast in the Erongo Region to alleviate the country’s power woes will not be...Editors DeskStocks, bonds and currencies are jumping on and off the charts in such volatile trading that it mirrors conditions during the final quarter of 2008....Esau explains stance on phosphate moratorium (1153 hits)HeadlinesDeputy Minister of Fisheries and Marine Resources, Hon. Samual Ankama recently developed a speech on behalf of Hon. Bernard Esau explaining the...