Old Mutual's OMSEED programme recently empowered 40 candidates. Photo Contributed
Old Mutual's OMSEED programme recently empowered 40 candidates. Photo Contributed

OM SEED 2024 empowers 40 entrepreneurs

Seed funding
OM SEED was launched in 2022 and has reached six regions to date.
STAFF REPORTER
The Old Mutual Foundation is pleased to present the 40 shortlisted candidates for the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) Entrepreneurship Programme, which is currently in its third edition.

This initiative maintains its objective to promote entrepreneurship, accelerate economic growth and address the sustainable development goals (SDGs) in Namibia in collaboration with its partners, Basecamp and the Financial Literacy Initiative (FLI).

OM SEED was launched in 2022 and has reached six regions to date.

This year’s focus is the Ohangwena, Oshikoto, Zambezi and Kavango West regions whereas in 2025, OM SEED will reach out to entrepreneurs in Kunene, Omaheke, Omusati and Otjozondjupa – covering a total of 14 regions in three years.

Since its founding, OM SEED has played a significant role in fostering grassroots entrepreneurship by giving prospective business owners access to funding, incubator and mentorship support and is dedicated to creating a robust and welcoming entrepreneurial environment in Namibia.

Patricia Olivier, Old Mutual Foundation chairperson and managing director of the corporate segment stated: "We are thrilled to announce the top 40 shortlisted candidates for the 2024 OM SEED Initiative. The expansion of this initiative into new regions marks a significant step in our mission to support local entrepreneurs nationwide. By providing them with the necessary resources and recognition, we are driving economic growth, enhancing community resilience, and contributing to the country’s sustainable development goals."



Rigorous

The selection process for the programme is rigorous, involving comprehensive evaluations and on-site visits to the businesses of the ten shortlisted entrepreneurs in each town.

These visits, scheduled for June 2024, will culminate in the identification of the top three candidates in each town who will receive financial support and incubation assistance.

Here's a list of the shortlisted candidates per region:

Top 10 - Zambezi

Kamwi Musweu

Masule Brendan Nchindo

Thaddius Masule

Shepherd Nyombe

Georgina Nankole Likukela

Joseph Moowa Kalokela

Rhonel Libana

Mercy Kachaka Kachaka

Zecks Musiyena Linosi

Beaven Simasiku Mulijani



Top 10 - Kavango West

Salomi Vilkuna Kambala

Ester Wayivhwa Haita

McDonald Matheus Naughulu

Januarius Hamutenya

Anselm Matamu

Josephine Kapango

Frans Kaunda

Johannes Sheya

Lina Luizi

Daniel Kandjimi



Top 10 - Ohangwena

Peneyambeko Kashimba

Niingo Martha Nghishindwa

Alma Naitsuwe Kayofa

Steve-Biko Nghiwewelekwa

Elizabeth Povanhu

Velasia David

Festus Elago

Juso Mwandingi

Ndapunikwa Justina Weyulu

Ester Magano Hango



Top 10 - Oshikoto

Theohill Veldtschoen

Twafeni Letisiya Jona

Vilho Linekela Mushelenge

Maria Shangula

Robert Natangwe Johannes

Clemens Mupili

Alexa Burmeu

Theodor Shithigona

Ella Nghifindaka

Johannes Hilukilwa



Awards

Three winners will be chosen from each of the four regions: ; the first award will be worth N$50 000, the second prize N$30 000 and the third prize N$20 000.

These grants will serve as catalysts, empowering the winners to scale their businesses, create more employment opportunities and significantly contribute to Namibia's economic growth and development.

The Old Mutual Foundation believes that together, through entrepreneurship and sustainable business practices, a resilient and inclusive future for all Namibians can be built.

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Namibian Sun 2024-06-25

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Katima Mulilo: 9° | 26° Rundu: 11° | 26° Eenhana: 13° | 28° Oshakati: 12° | 28° Ruacana: 11° | 28° Tsumeb: 12° | 24° Otjiwarongo: 8° | 22° Omaruru: 11° | 24° Windhoek: 7° | 19° Gobabis: 7° | 20° Henties Bay: 16° | 32° Wind speed: 37km/h, Wind direction: E, Low tide: 11:35, High tide: 05:37, Low Tide: 00:11, High tide: 18:10 Swakopmund: 19° | 25° Wind speed: 40km/h, Wind direction: S, Low tide: 11:33, High tide: 05:35, Low Tide: 00:09, High tide: 18:08 Walvis Bay: 21° | 31° Wind speed: 36km/h, Wind direction: SE, Low tide: 11:33, High tide: 05:34, Low Tide: 00:09, High tide: 18:07 Rehoboth: 6° | 21° Mariental: 9° | 22° Keetmanshoop: 11° | 22° Aranos: 8° | 22° Lüderitz: 21° | 32° Ariamsvlei: 11° | 24° Oranjemund: 13° | 29° Luanda: 21° | 23° Gaborone: 10° | 22° Lubumbashi: 9° | 25° Mbabane: 10° | 18° Maseru: 4° | 17° Antananarivo: 11° | 20° Lilongwe: 14° | 24° Maputo: 16° | 24° Windhoek: 7° | 19° Cape Town: 12° | 18° Durban: 16° | 22° Johannesburg: 9° | 17° Dar es Salaam: 21° | 30° Lusaka: 12° | 23° Harare: 11° | 18° Currency: GBP to NAD 22.98 | EUR to NAD 19.43 | CNY to NAD 2.5 | USD to NAD 18.17 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.34 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.16 | USD to AOA 853.63 | USD to BWP 13.53 | USD to EGP 48.33 | USD to KES 127.98 | USD to NGN 1479.51 | USD to ZAR 18.17 | USD to ZMW 25.65 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1785.89 Up +0.14% | Casablanca Stock Exchange (CSE) MASI 13125.47 Down -0.12% | Egyptian Exchange (EGX) 30 Index 26902.4 Down -0.59% | Botswana Stock Exchange (BSE) DCI 9281.23 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 323.37/OZ DOWN -0.0032 | Copper US$ 4.39/lb DOWN -0.0052 | Zinc US$ 2 874.40/T UP 0.73% | Brent Crude Oil US$ 85.73/BBP DOWN -0.0035 | Platinum US$ 988.21/OZ DOWN -0.0081 Sport results: Weather: Katima Mulilo: 9° | 26° Rundu: 11° | 26° Eenhana: 13° | 28° Oshakati: 12° | 28° Ruacana: 11° | 28° Tsumeb: 12° | 24° Otjiwarongo: 8° | 22° Omaruru: 11° | 24° Windhoek: 7° | 19° Gobabis: 7° | 20° Henties Bay: 16° | 32° Wind speed: 37km/h, Wind direction: E, Low tide: 11:35, High tide: 05:37, Low Tide: 00:11, High tide: 18:10 Swakopmund: 19° | 25° Wind speed: 40km/h, Wind direction: S, Low tide: 11:33, High tide: 05:35, Low Tide: 00:09, High tide: 18:08 Walvis Bay: 21° | 31° Wind speed: 36km/h, Wind direction: SE, Low tide: 11:33, High tide: 05:34, Low Tide: 00:09, High tide: 18:07 Rehoboth: 6° | 21° Mariental: 9° | 22° Keetmanshoop: 11° | 22° Aranos: 8° | 22° Lüderitz: 21° | 32° Ariamsvlei: 11° | 24° Oranjemund: 13° | 29° Luanda: 21° | 23° Gaborone: 10° | 22° Lubumbashi: 9° | 25° Mbabane: 10° | 18° Maseru: 4° | 17° Antananarivo: 11° | 20° Lilongwe: 14° | 24° Maputo: 16° | 24° Windhoek: 7° | 19° Cape Town: 12° | 18° Durban: 16° | 22° Johannesburg: 9° | 17° Dar es Salaam: 21° | 30° Lusaka: 12° | 23° Harare: 11° | 18° Economic Indicators: Currency: GBP to NAD 22.98 | EUR to NAD 19.43 | CNY to NAD 2.5 | USD to NAD 18.17 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.34 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.16 | USD to AOA 853.63 | USD to BWP 13.53 | USD to EGP 48.33 | USD to KES 127.98 | USD to NGN 1479.51 | USD to ZAR 18.17 | USD to ZMW 25.65 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1785.89 Up +0.14% | Casablanca Stock Exchange (CSE) MASI 13125.47 Down -0.12% | Egyptian Exchange (EGX) 30 Index 26902.4 Down -0.59% | Botswana Stock Exchange (BSE) DCI 9281.23 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 323.37/OZ DOWN -0.0032 | Copper US$ 4.39/lb DOWN -0.0052 | Zinc US$ 2 874.40/T UP 0.73% | Brent Crude Oil US$ 85.73/BBP DOWN -0.0035 | Platinum US$ 988.21/OZ DOWN -0.0081