Corporates urged to support SMEs

Prime minister Saara Kuugongelwa-Amadhila has called on the private sector to contribute to the country's growth.
Ogone Tlhage
The private sector was criticised for not supporting the Katutura Expo by Prosperty Group managing director Bertus Struwig at the official opening held last week Thursday.

Struwig, whose Prosperity Group has over the years supported the Katutura Expo, took issue with a low turn-out of corporate sponsors at this year's event

“Where are we sharing, why does it look like this? The private sector must support such initiatives like the Katutura Expo even in difficult times. The private sector must step up to its responsibilities,” said Struwig.

According to him, overall satisfaction could only be achieved if prosperity was shared.

“We cannot eat alone; if you eat alone you will die alone. We must share. If we don't share you cannot be happy,” he said.

Struwig commended Katutura Expo organising committee chairperson Ambrosius Kandjii, whom he described as a champion of the people. “Kandjii is looking after his people,” said Struwig to cheers from the audience that had gathered at the Katutura sport complex.

Reiterating Stuwig's sentiments, main speaker prime minister Saara Kuugongelwa-Amadhila said that prosperity had to be shared.

“Let us share, if we don't share, we will not eat alone. Prosperity not shared will result in poverty for all. The polarisation of us against them will bring the country to its knees,” said Kuugongelwa-Amadhila.

She called for greater involvement in the economy and closer collaboration between the private sector and small and medium enterprises.

“All citizens should be given an equal opportunity to make a contribution. Government believes that the private sector should remain the engine of growth of the economy,” the prime minister said.

She expressed satisfaction with the organisation that went into the expo. “It is pleasing to know that the expo has grown over the years,” she added.

The Katutura Expo ended yesterday.

OGONE TLHAGE

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Namibian Sun 2024-05-18

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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$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19%