Monday, Jul 06th

Last updateFri, 03 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
Fashion lovers flocked to the launch of Pambili Young Designers’ new range at the Omba Gallery which was held recently. The talented male and...
General News
The International Monetary Fund’s Africa Regional Technical Assistance Center South (AFRITAC South) will double its technical assistance and...
General News
Enterprise resource planning (ERP) projects are notoriously complex to implement successfully. But companies that start out with realistic...
General News
A new Business Continuity and Disaster Recovery facility which will enalble the cental bank to continue with its operations after a disaster, is...
General News
Owner of aiXaro technology company, Jan Steenkamp (left) this week donated electronic components to the Polytechnic to the value of N$60,000....
General News
The World Human Resource Development (HRD) Congress awarded Tim Ekandjo, Chief Human Capital & Corporate Affairs Officer at MTC and Founder and...
General News
- for the record - Part 1 in a series of 2 Based on an interview with the Institute of Commercial and Financial Accountants of Namibia Registered...
General News
Both Namibians and visitors will be reminded to responsibly conserve and sustainably utilise the variety of natural resources on Namibia’s coast,...
General News
A different form of marketing strategy has seen the progression of a company, Plasti Print, enhance its competitiveness in a cut throat industry...
General News
Namibia may become home to the most advanced conveyor technology if the proposed Z20 expansion of Rossing Uranium Limited receives the green light....
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 (1066 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
In view with President Hage Geingobs vision for Namibia, where no Namibian should be left behind Standard Bank Namibia has launched their first ever...
Headlines
As Netflix prepares to tap into untapped markets around the world, just how prepared is Naspers-owned MultiChoice for the impending competition?
Headlines
Following the cancellation of the controversial Xaris power project by the Minister of Mines and Energy, Hon. Obeth Kandjoze, a well-placed energy...
Headlines
In the same week that Trustco Group International declared revenues exceeding one billion Namibia Dollar, the prospective diamond miner also had to...
Editors Desk
As the first semester came to an end, the trend in worldwide markets since the third week of April, seems to have entered a downward phase.