MIT Industry Growth Programme
MIT Industry Growth Programme

MIT Industry Growth Programme

ELIJAH MUKUBONDA

The Industry Growth Programme (IGP) is part of the ongoing efforts to reinforce Namibia’s economic growth, to reduce income inequality and to increase employment for its citizens.

The strategy forms part of the support to selected manufacturing industries envisaged by the Growth at Home strategy, which promotes Namibia’s competitive advantages and opportunities. This is envisaged through the Special Industrialisation Programme whose aim is to provide targeted support for value chain analyses and feasibility studies.

It is through the implementation of growth sector strategies that the Ministry of Industrialisation and Trade (MIT), in close cooperation with other line ministries, resolved to support local value addition, upgrading and economic diversification.

The efforts will help to structurally transform Namibia’s economy favouring the most productive and efficient economic activities, and local industries will be provided with improved market access at home and abroad. The IGP is an important element of the war against poverty and a further step on Namibia’s path towards becoming a highly competitive, industrialised nation with sustainable economic growth as depicted in Vision 2030.

As such, the IGP implementation is geared towards strengthening forward and backward linkages within the Namibian economy as envisaged in the Harambee Prosperity Plan(s).

Industries

Jewellery and coloured gemstones are strategic industries that have, in agreement with previous National Development Plans, been selected for a more specific focus on its economic development.

Key stakeholders from the business community and public administration who have a vested interest in the Namibian industry’s prosperity for the benefit of all have engaged in extensive consultations and substantially contributed to this programme.

The ministry’s department of industrial development in collaboration with EMPRETEC Namibia, as part of entrepreneurship development and promotion, actively continues to engage and appeal to unemployed youth and women who are interested to be trained in Gemstones cutting and polishing to apply for the 2021/22 intake scheduled to commence on 1st March 2022 for a period of six months.

Applications can be downloaded from the Ministry’s website (www.mit.gov.na) or collected at the ministry’s offices in all regions. Interested applicants should be unemployed youth and women, within the ages 18 to 45 years. It is also required to have a Grade 10 qualification with basic English communication and Mathematics.

Lastly, they should be willing to start their own business and become a member of a Cooperative. Closing date is 31 January 2022.

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Namibian Sun 2024-05-21

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Premier League: Sheffield United 0 vs 3 Tottenham Hotspur | Crystal Palace 5 vs 0 Aston Villa | Brentford 2 vs 4 Newcastle | Brighton 0 vs 2 Manchester United | Liverpool 2 vs 0 Wolves | Burnley 1 vs 2 Nottingham Forest | Luton Town 2 vs 4 Fulham | Manchester City 3 vs 1 West Ham | Arsenal 2 vs 1 Everton | Chelsea 2 vs 1 Bournemouth LaLiga: Barcelona 3 vs 0 Rayo Vallecano | Cadiz 0 vs 0 Las Palmas | Granada 1 vs 2 Celta Vigo | Mallorca 2 vs 2 Almería | Atletico Madrid 1 vs 4 Osasuna | Villarreal 4 vs 4 Real Madrid | Valencia 1 vs 3 Girona | Real Betis 0 vs 2 Real Sociedad | Athletic Club 2 vs 0 Sevilla | Deportivo Alaves 1 vs 0 Getafe SerieA: Bologna 3 vs 3 Juventus | Salernitana 1 vs 2 Hellas Verona | AS Roma 1 vs 0 Genoa | Inter Milan 1 vs 1 SS Lazio | Monza 0 vs 1 Frosinone | Udinese 1 vs 1 Empoli | Sassuolo 0 vs 2 Cagliari | Torino 3 vs 1 AC Milan | Lecce 0 vs 2 Atalanta Katima Mulilo: 10° | 30° Rundu: 10° | 29° Eenhana: 12° | 31° Oshakati: 13° | 30° Ruacana: 12° | 31° Tsumeb: 13° | 28° Otjiwarongo: 12° | 26° Omaruru: 15° | 28° Windhoek: 11° | 25° Gobabis: 12° | 26° Henties Bay: 18° | 34° Wind speed: 47km/h, Wind direction: NE, Low tide: 08:08, High tide: 02:03, Low Tide: 20:12, High tide: 14:33 Swakopmund: 19° | 27° Wind speed: 23km/h, Wind direction: E, Low tide: 08:06, High tide: 02:01, Low Tide: 20:10, High tide: 14:31 Walvis Bay: 22° | 34° Wind speed: 25km/h, Wind direction: SE, Low tide: 08:06, High tide: 02:00, Low Tide: 20:10, High tide: 14:30 Rehoboth: 12° | 26° Mariental: 15° | 28° Keetmanshoop: 17° | 29° Aranos: 14° | 28° Lüderitz: 17° | 33° Ariamsvlei: 17° | 31° Oranjemund: 12° | 22° Luanda: 23° | 26° Gaborone: 12° | 25° Lubumbashi: 12° | 27° Mbabane: 11° | 22° Maseru: 9° | 25° Antananarivo: 10° | 17° Lilongwe: 13° | 27° Maputo: 17° | 25° Windhoek: 11° | 25° Cape Town: 15° | 19° Durban: 17° | 24° Johannesburg: 15° | 23° Dar es Salaam: 22° | 23° Lusaka: 14° | 25° Harare: 11° | 24° Currency: GBP to NAD 23.01 | EUR to NAD 19.69 | CNY to NAD 2.51 | USD to NAD 18.14 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.77 | USD to AOA 847.42 | USD to BWP 13.51 | USD to EGP 46.6 | USD to KES 130.98 | USD to NGN 1529.85 | USD to ZAR 18.14 | USD to ZMW 25.74 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 80073 Up +0.68% | Namibian Stock Exchange (NSX) Overall Index 1765.72 Up +0.63% | Casablanca Stock Exchange (CSE) MASI 13444.34 Up +0.14% | Egyptian Exchange (EGX) 30 Index 27228.85 Down -0.32% | Botswana Stock Exchange (BSE) DCI 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$ 2 418.64/OZ DOWN -0.0032 | Copper US$ 5.06/lb DOWN -0.0023 | Zinc US$ 3 141.30/T UP 0.38% | Brent Crude Oil US$ 82.65/BBP DOWN -0.0155 | Platinum US$ 1 038.33/OZ DOWN -0.011 Sport results: Premier League: Sheffield United 0 vs 3 Tottenham Hotspur | Crystal Palace 5 vs 0 Aston Villa | Brentford 2 vs 4 Newcastle | Brighton 0 vs 2 Manchester United | Liverpool 2 vs 0 Wolves | Burnley 1 vs 2 Nottingham Forest | Luton Town 2 vs 4 Fulham | Manchester City 3 vs 1 West Ham | Arsenal 2 vs 1 Everton | Chelsea 2 vs 1 Bournemouth LaLiga: Barcelona 3 vs 0 Rayo Vallecano | Cadiz 0 vs 0 Las Palmas | Granada 1 vs 2 Celta Vigo | Mallorca 2 vs 2 Almería | Atletico Madrid 1 vs 4 Osasuna | Villarreal 4 vs 4 Real Madrid | Valencia 1 vs 3 Girona | Real Betis 0 vs 2 Real Sociedad | Athletic Club 2 vs 0 Sevilla | Deportivo Alaves 1 vs 0 Getafe SerieA: Bologna 3 vs 3 Juventus | Salernitana 1 vs 2 Hellas Verona | AS Roma 1 vs 0 Genoa | Inter Milan 1 vs 1 SS Lazio | Monza 0 vs 1 Frosinone | Udinese 1 vs 1 Empoli | Sassuolo 0 vs 2 Cagliari | Torino 3 vs 1 AC Milan | Lecce 0 vs 2 Atalanta Weather: Katima Mulilo: 10° | 30° Rundu: 10° | 29° Eenhana: 12° | 31° Oshakati: 13° | 30° Ruacana: 12° | 31° Tsumeb: 13° | 28° Otjiwarongo: 12° | 26° Omaruru: 15° | 28° Windhoek: 11° | 25° Gobabis: 12° | 26° Henties Bay: 18° | 34° Wind speed: 47km/h, Wind direction: NE, Low tide: 08:08, High tide: 02:03, Low Tide: 20:12, High tide: 14:33 Swakopmund: 19° | 27° Wind speed: 23km/h, Wind direction: E, Low tide: 08:06, High tide: 02:01, Low Tide: 20:10, High tide: 14:31 Walvis Bay: 22° | 34° Wind speed: 25km/h, Wind direction: SE, Low tide: 08:06, High tide: 02:00, Low Tide: 20:10, High tide: 14:30 Rehoboth: 12° | 26° Mariental: 15° | 28° Keetmanshoop: 17° | 29° Aranos: 14° | 28° Lüderitz: 17° | 33° Ariamsvlei: 17° | 31° Oranjemund: 12° | 22° Luanda: 23° | 26° Gaborone: 12° | 25° Lubumbashi: 12° | 27° Mbabane: 11° | 22° Maseru: 9° | 25° Antananarivo: 10° | 17° Lilongwe: 13° | 27° Maputo: 17° | 25° Windhoek: 11° | 25° Cape Town: 15° | 19° Durban: 17° | 24° Johannesburg: 15° | 23° Dar es Salaam: 22° | 23° Lusaka: 14° | 25° Harare: 11° | 24° Economic Indicators: Currency: GBP to NAD 23.01 | EUR to NAD 19.69 | CNY to NAD 2.51 | USD to NAD 18.14 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.77 | USD to AOA 847.42 | USD to BWP 13.51 | USD to EGP 46.6 | USD to KES 130.98 | USD to NGN 1529.85 | USD to ZAR 18.14 | USD to ZMW 25.74 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 80073 Up +0.68% | Namibian Stock Exchange (NSX) Overall Index 1765.72 Up +0.63% | Casablanca Stock Exchange (CSE) MASI 13444.34 Up +0.14% | Egyptian Exchange (EGX) 30 Index 27228.85 Down -0.32% | Botswana Stock Exchange (BSE) DCI 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$ 2 418.64/OZ DOWN -0.0032 | Copper US$ 5.06/lb DOWN -0.0023 | Zinc US$ 3 141.30/T UP 0.38% | Brent Crude Oil US$ 82.65/BBP DOWN -0.0155 | Platinum US$ 1 038.33/OZ DOWN -0.011